With time, everything in our lives is becoming smarter. In the past ten to twenty years, we have evolved from having normal mobile phones, televisions, music systems, and the works, to all of them becoming ‘smarter’, and simplifying everyday tasks for us.
Smart home technology is one which lets owners of a house feel secure, have convenience at their residence, and also feel comfortable.
So much so, new technology is also being introduced almost every day, in our very ordinary homes as well, called smart home technology. Soon, we might remain the only component in our lives that might not be smart, but our surroundings will surely be.
Smart home technology is one which lets owners of a house feel secure, have convenience at their residence, and also feel comfortable. Via these technologies, one can usually have tasks fulfilled with the touch of a button.
There are a number of examples of smart home technologies used in our homes during our everyday lives, these are:-
These are lighting systems in houses that use technology to change colors, sense motion and light up, adjust lighting according to the time of the day, and many other features. Smart lighting systems come in all shapes and sizes ranging from entire lighting systems all the way to small bulbs.
Connected to the internet, the televisions provide their users with access to countless forms of content via applications just like a smartphone or tablet. Furthermore, some Smart TVs might even come with voice or gesture recognition.
Via this form of technology, visitors can be granted or denied access into personal spaces. Furthermore, this form of technology can also work in detecting if an owner or resident is nearby and unlock for them.
These cameras work wonders. With this technology, a house can remain safe even if the owner is not at home. This is because these cameras help the owner to keep track of the house even when they are away. Motion detectors help understand the type of people around the vicinity of the house and can detect the owners in case the detectors pick up something suspicious.
There are a number of pros and cons when it comes to smart home appliances as well as technology. These are-
PROS
One of the biggest pros of having smart home appliances and technology at one’s home is that it provides the home owners with a sense of peace. With these forms of technology, one can keep check of their house while being out or can handle different components of the house while being away from it.
This technology is especially beneficial for the elderly as their daily tasks become relatively easier due to the technology helping them.
The major advantage of having smart technology and appliances at home is that it helps improve the efficiency of a person. Work that has to otherwise be done manually can be programmed into the appliance for easy completion of the task. Things such as the thermostat, AC, etc help make sure houses are always in perfect condition if they detect any discrepancies.
CONS
One of the biggest and long-lasting disadvantages of having smart technology and appliances at home is that there might be discomfort among some people to use this technology. There are countless people which continue to live normal lives without this technology as they simply can’t understand it and put it to use. Therefore, the complexity of the devices results in them not becoming mainstream.
Finally, another major and actually important drawback is the concerns regarding personal data collection and storage of homeowners. If manipulated, these smart devices can be hacked in order to work for the betterment of troublemakers, rather than homeowners. If put to bad use, this personal information collected by the devices could be put to bad use, something which has to be avoided.
Even though there are a number of cons as well as pros, the smart device, and home technology market has only seen an increase with time. According to statistics, this market in the United Arab Emirates was estimated to reach US$60.07mn in 2022. Also, an 11.73% of annual growth is expected for revenue in this sector. Household penetration of these devices is expected to hit 20.8% by the year 2027.
Therefore, it can be observed that even though there might be a number of concerns when it comes to the market, it still continues to rise and grow and become an integral part of our lives.
With the impact that these forms of technology have had in our everyday lives, it was certain that they would also have an impact on the residential market around the world.
According to statistics, houses containing some form of smart technology and devices, end up selling quicker than those not containing such things. This is because homeowners increasingly want to invest in spaces that help them more and more to lead a happy settled and relaxed life.
Furthermore, with the advent of this technology, houses, and homes containing such forms of technology are set to have a higher resale value and projection as well. This is because the value of a home takes into account a number of factors, with amenities and the quality of amenities also playing a huge role. Therefore, smart homeowners have the advantage to rent or sell their properties at rates higher than those houses not having such technology.
Also, this type of technology helps attract the upcoming generations as well. Having been a generation surrounded by technology, the millennial generation and the future buyers of such houses are always attracted to such technology-filled houses. The millennial generation always tries to find ways and means to make their life easier. Therefore, such houses and residences are a must-have among this generation.
Therefore, it can be seen that the smart home and technology market has had a major impact on the residential market of the world. This industry has resulted in the residential market also facing a hike in prices and demand. Therefore, we now see more and more houses coming with such smart technologies in Dubai Housing as they slowly become a must-have in any residential complex.
