Smart Homes: Why They're a Trend That Will Last

By Jim Lowenstern
Posted Tuesday, Sep 1, 2015

tech <a href="http://rismedia.com/2015-07-09/a-smart-home-sells-quicker/" style="font-family: 'Droid Serif', serif; font-size: 14px; line-height: 20px; color: rgb(34, 140, 211);" target="_blank"><img height="200" src="http://gadgetreview.com/wp-content/uploads/2013/03/iPhone-Home.jpg" style="max-width: 100%;" width="300"></a> &nbsp; It's only been about ten years since the term "smart-home" has been first used, but now more than ever it has become common, and even somewhat mainstream for new homes on the market to be labeled as such. &nbsp;But what is it about smart-homes that are so popular with buyers? &nbsp;Will this trend last? &nbsp;My answer is yes. &nbsp;With everything from energy-saving thermostats, cloud-connected home control systems, and proximity based locks, smart technology is not only convenient, but also practical and saves money. &nbsp;With sales in smart homes reaching $7.19 billion in 2013, this number is expected to hit $22.4 billion by 2020. &nbsp; Recently in the market, we've seen the success of solar technology in homes. &nbsp;Because solar technology&nbsp;employs a modern look, yet is also functional and saves money in the future, consumers have been investing in solar panels to a great extent. &nbsp;With that, we seem to be seeing the same trend with smart technology. &nbsp;These products are designed to save money, but also use less energy, and are a modern way to go about using one's home. &nbsp; &nbsp; With individuals controlling almost everything on their phones, tablets, and computers these days, it's only right that home technology has been created and expanded to apps. &nbsp;Individuals can control thermostats, refrigerator temperatures, HVAC systems, water heaters, light bulbs, timers, and even laundry systems off their phones, tablets, and computers now. &nbsp;While these are all convenient ways to control a home, they also save consumption and allow individuals to keep an extra dollar in their pocket. &nbsp;With the digital age about us, one would have to think that the smart home trend is going to continue, and that it may even, never end.