10 Smart Upgrades for Your Multifamily Community in 2023

If you're a property manager or owner of a multifamily community, you know how important it is to keep up with the latest technology trends. Not only do smart upgrades make your residents' lives more convenient, but they can also increase your property's value and attract new tenants. In this article, we'll explore 10 smart technology upgrades that you can implement in your multifamily community in 2023.

Smart Locks

Smart locks are a great way to enhance security and convenience for your residents. With smart locks, residents can use their smartphones to unlock their doors, eliminating the need for physical keys. This feature not only provides an added layer of security but also allows for easy keyless entry for maintenance and delivery personnel.

Smart thermostats

Smart thermostats allow residents to control the temperature of their units remotely, using their smartphones or voice commands. Not only does this feature provide convenience, but it can also help residents save on their energy bills. Additionally, property managers can set temperature limits to ensure that residents aren't wasting energy.

Smart lighting

Smart lighting systems can be controlled remotely, allowing residents to turn lights on and off from their smartphones. This feature not only provides convenience but can also help residents save on their energy bills. Additionally, smart lighting systems can be integrated with other smart devices, such as motion sensors, to create a more energy-efficient living space.

Smart package lockers

With the rise of online shopping, smart package lockers have become a must-have amenity for multifamily communities. Smart package lockers allow delivery personnel to securely deliver packages, which can then be accessed by residents using their smartphones. This feature not only provides convenience but also helps to prevent package theft.

Smart appliances

Smart appliances, such as washers, dryers, and refrigerators, can be controlled remotely, allowing residents to start and stop cycles from their smartphones. Additionally, smart appliances can provide alerts for maintenance issues, such as a washing machine leak or a nearly empty refrigerator.

Smart security cameras

Smart security cameras allow property managers and residents to monitor their properties remotely. With features such as motion detection and facial recognition, smart security cameras can provide an added layer of security for your multifamily community.

Smart garage door openers

Smart garage door openers can be controlled remotely, allowing residents to open and close their garage doors using their smartphones. This feature not only provides convenience but can also help to prevent garage break-ins.

Smart water sensors

Smart water sensors can detect leaks and moisture buildup in units, alerting property managers and residents to potential water damage. This feature not only provides peace of mind but can also help to prevent costly water damage repairs.

Smart smoke and CO detectors

Smart smoke and carbon monoxide detectors can provide alerts to property managers and residents in the event of a fire or carbon monoxide leak. With features such as voice commands and remote monitoring, smart smoke and CO detectors can provide an added layer of safety for your multifamily community.

Voice assistants

Voice assistants, such as Amazon Alexa and Google Home, can be integrated with other smart devices to provide a more connected living experience. With voice commands, residents can control their smart devices, such as lights, thermostats, and locks, without lifting a finger.

Conclusion

Implementing smart technology upgrades in your multifamily community can provide numerous benefits for both property managers and residents. From enhanced security and convenience to energy savings and cost prevention, smart upgrades are a worthwhile investment for any multifamily property.

FAQs

1. What are smart locks?

Smart locks are electronic locks that can be controlled remotely, allowing residents to use their smartphones to unlock their doors.

2. How can smart thermostats help residents save on their energy bills?

Smart thermostats allow residents to control the temperature of their units remotely, which can help them save on their energy bills by reducing energy usage when they're not home.

3. What are smart package lockers?

Smart package lockers are secure lockers that allow delivery personnel to leave packages, which can then be accessed by residents using their smartphones.

4. How can smart appliances help residents save on their energy bills?

Smart appliances can help residents save on their energy bills by allowing them to control their appliances remotely and providing alerts for maintenance issues.

5. What are smart water sensors?

Smart water sensors can detect leaks and moisture buildup in units, alerting property managers and residents to potential water damage.

Data Points

1. Smart home technology is expected to be a $135 billion industry by 2025. (Statista)

2. 81% of renters said they would pay more for a unit with smart home technology. (National Multifamily Housing Council)

3. Smart thermostats can save residents an average of $131 to $145 per year on their energy bills. (Energy Star)

4. Smart locks can reduce key replacement costs by up to 90%. (Gartner)

5. Smart water sensors can detect leaks and prevent water damage, saving property managers an average of $6,985 per year. (Smart Buildings)