Upgrade your property with innovative tech to attract buyers and maximize value
Smart technology upgrades are no longer a bonus when selling multifamily properties—they’re an expectation. Buyers and renters alike are looking for homes that align with the fast-paced, tech-forward lifestyles they live. Investing in the right tech can increase your property’s appeal, streamline operations, and even justify a higher price point. So, to stand out in today’s competitive market, here are the five smart technology upgrades to help your multifamily property shine.
#1: Smart thermostats
Buyers and renters are always conscious of utility costs, and smart thermostats like Ecobee or Nest are a win-win for comfort and energy savings. These devices learn daily habits and adjust heating or cooling based on when residents are home or away, reducing energy waste and minimizing costs.
The ability to control the thermostat remotely from a smartphone is especially appealing for tenants who travel or work long hours. It’s also a big selling point for eco-conscious buyers. Reducing energy consumption with smart thermostats can also make the property more attractive to those looking to minimize their carbon footprint.
#2: High-speed internet
Reliable high-speed internet is essential these days. If your property lacks fast, stable internet, it might be time for an upgrade. Offering pre-installed fiber optic or gigabit internet services is a major selling point, especially for tenants who rely on it for remote work, gaming, or streaming.
Fast, ready-to-go internet access is a huge plus for buyers looking to avoid the hassle of setting it up themselves. With the rise of smart devices that depend on good connectivity, high-speed internet is more than just an amenity—it’s a necessity.
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#3: Smart security
When it comes to safety, you can’t go wrong with installing a smart security system. A combination of video doorbells, motion detectors, and real-time alerts gives residents and future buyers peace of mind. Residents can monitor their homes from anywhere and get notified of unusual activity.
For you, as the property owner, offering a smart security system increases the overall value and makes the property more attractive to safety-conscious buyers. Knowing that the building is protected by cutting-edge technology is a huge plus whether your potential buyers are investors or future residents.
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#4: Smart lighting
Smart lighting systems add a sophisticated touch to any multifamily property. These systems allow residents to customize their lighting based on their mood, activities, or time of day. Whether dimming the lights for a movie night or setting timers while they’re away, smart lighting provides flexibility and energy savings.
Beyond convenience, smart lighting also helps reduce energy consumption, which attracts buyers looking for homes with a lower environmental impact. It’s a low-cost, high-reward investment that modernizes any living space, making it feel more inviting and customizable.
#5: Keyless-entry smart locks
Upgrading to mobile-enabled smart locks is a strategic move for multifamily property owners looking to sell. These advanced locks can offer keyless entry via smartphones, enhancing security and convenience for residents. This modern, hassle-free access is a huge draw for residents, making the property more attractive to prospective buyers.
Buyers are more likely to invest in a property with features that improve tenant satisfaction and security, and smart locks help ensure that your property stands out and sells faster in a competitive market.
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Incorporating smart technology into your multifamily property is no longer optional—it’s a necessity for attracting buyers and tenants alike. From energy-saving smart thermostats to secure keyless-entry locks, these upgrades improve resident satisfaction and boost your property’s value and market appeal.
By investing in these smart tech solutions, you can position your property to sell faster and for a higher price in today’s competitive market.
Looking for help in figuring out if it’s time to sell your multifamily property?
At 100Units, we aim to help you achieve your long-term investment goals. Our multifamily brokers will offer unique perspectives on your situation and provide real-time market analysis.
We offer our valued sellers:
- Marketing strategy
- Network of buyers
- Clear communication
We’ll also collect, study, evaluate, and share market data to help you make timely and informed decisions. From determining the listing price to conducting the closing, we’ll facilitate a smooth transaction for you every step of the way.
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