50 HEATING, VENTILATION & AIR CONDITIONING
SMART TECHNOLOGY IS NOW EXPECTED AS STANDARD BY BUYERS
the warmth of their homes through a single interface.
There are examples of smart technology being placed at the forefront of housing design and delivery. Green energy supplier Octopus Energy has pledged to build 100,000 Zero Bills homes by 2030. These homes are fully powered by green technology including solar panels, heat pumps and batteries with a promise to deliver zero bills for utilities to the homeowner.
So, what is the pay-off for the small housebuilder and property developer for this upheaval in build specifi cation and buyer requirements? Firstly, there
is a higher demand, as a signifi cant percentage of people looking to move want homes with smart technology. This is being driven by demographic changes that cannot be reversed. There are two key trends in motion here: younger generations who are digital natives now reaching property owning age, and older generations that are increasingly relying on technology in their home to assist with their day to day living. Secondly, buyers are willing to pay a premium. The 2024 Smart Home Buyers Index by Samsung has found that buyers will pay an extra 7.7% on the average UK house price of £282,776 for homes
with smart technology as standard – an additional value of £21,774 that buyers place on a future proof property. The UK market has reached a point not seen since the post-war building boom. Government legislation across all aspects of building design, from the Future Homes Standard, the Warm Homes Plan and Planning and Infrastructure Bill to the reinstatement of house building targets is in lockstep with what people want their property to be in a new age of modern living expectations.
Neil Budd is head of residential sales (UK and Ireland) at IMI Heatmiser
WWW.HBDONLINE.CO.UK
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