Smart tech in home construction and design has been on the rise for a few years now. However, it is only recently that we have seen an increase in demand for smart and robotic tech as millennials have become the new generation of home buyers.
Millennials grew up with technology, meaning they are not only tech-savvy, but technology plays an integral role in their everyday lives. Everything from how they live, work, play, communicate, and socialize revolves around technology. As such, we are seeing more home design and construction companies use more smart tech as well as adopting more technologically advanced internal processes and practices to attract millennial homebuyers.
It is a common misconception today that millennials are still young and inexperienced. millennials are primarily in their late 20s to early 40s, meaning they make up the majority of today’s consumers and home buyers. Though the rise of student debt and increased cost of living has led to financial insecurity, studies show that more than 72% of millennials consider homeownership to be their top priority.
Furthermore, not only are millennials interested in buying homes, but they have very strong opinions and ideals in terms of what they are looking for. It’s not just about finding a quality, comfortable home to settle down in anymore — they want the best of the best so they can live better lives. This means having access to smart technology and sustainability.
Millennials want homes that can make their lives easier and more efficient as well as reduce their carbon footprint. However, attracting millennial homebuyers isn’t just about using robotic tech and sustainable materials when designing the home, but about having technologically advanced and sustainable business practices and processes as well.
From start to finish, this generation wants the entire home buying or building experience to be as efficient and sustainable as it can be. They want to work with companies that have the same beliefs and values as they do, actually using sustainable materials and practices instead of slinging greenwashed lies and ad campaigns. They want to know that the people building their homes are proficient in the tools that actually do contribute green and efficient outcomes, utilizing big data instead of bad data to save time and resources on the build. To achieve this, companies may need to reshape the way they do business. This will not only enable them to attract millennial home buyers, but it can help them improve the growth and success of their own business as well.
Aside from simply being fascinating and fun to own, robotic tech is revolutionizing our home lives. There are numerous smart and robotic technologies available to choose from, all of which help to improve our lives in some way, shape, or form. Automating the home using smart tech enables us to live more conveniently and often helps us save money and protect the environment by cutting down on the resources we use.
Some of the most popular robotic tech seen in homes today include:
Though many question the ethics and safety of using robots in the home, especially as they become more intelligent and autonomous, it is likely that household robots will become the new norm. Though it’s not quite commonplace yet to come across a home full of robots, we are not far off from this high-tech future. As newer generations that rely on technology grow up to become homebuyers, robots will likely become just as normal as having pets roaming around.