Real Estate, Community News & More from My Desk to Yours

Tuesday, December 2, 2014

What’s the next big home feature buyers want?

Homeowners are showing a bigger appetite for smart home technology. Nearly half of consumers – 46% – say it's important their current home or the next home they purchase have smart home technology, according to a survey of nearly 2,500 consumers, conducted by ERA Real Estate and HGTV.

Survey respondents had recently participated in an HGTV national focus group on smart home technology. Homeowners and buyers say they see the value in smart home technology for comfort, safety, and cost savings, and 51% surveyed say they would consider installing smart home technology in their home to make their home more marketable to future home buyers.

The younger segment of the millennial generation is the most likely age group to spend money on smart home technology – 10 times more likely than the percentage of generation X members who say they'd consider adding smart home technology to their homes, the survey reported.

"While still a growing trend, smart home enhancements have the potential to increase savings, safety, and resale value," says Charlie Young, president and CEO of ERA Real Estate. "As we have seen through this survey and our one-on-one interactions with buyers and sellers, a smart home is one that is well positioned for the future and aligns with a growing reliance on mobile technology."

Miami One of Nation’s Top 10 Construction Markets

Through September of 2014, Miami had the No. 8 new construction market in the country.

According to fresh numbers from Dodge Data & Analytics, Miami’s construction starts for the first nine months of 2014 totaled $6 billion, an strong 19 percent increase over the same period in 2013.
Indeed, such numbers are consistent with what we constantly hear from real estate professionals.

As Claudio Stivelman, the CEO of S2 Development, explained to us, “Unlike 2007, this development cycle is being carefully guarded by the development industry. Builders and lenders alike have learned to avoid speculation by vetting projects and making sure they are financially sound and secure prior to breaking ground … the demand and strength of the domestic and foreign economies continue to allow Miami to become one of the most sought after markets in the country.”

Read more at Miami Agent magazine.