Because widespread smart home technology is still new, the full effect the devices will have on home prices is incomplete. According to a 2016 Coldwell Banker smart home survey what is clear is that homeowners are willing to make a significant investment in the adoption of smart home technology. As expected millennial homeowners lead the way with 72 percent saying they would spend $1,500 or more to live in a smarter home; 44 percent of them say they would pay $3,000 or more to realize that smart home designation. Is there a buyer profile that might be willing to pay more for a home with smart technology? The clear demographic match for that is parents with children; 59 percent of them told Coldwell Banker they would pay more for a home that was labeled as a smart home.
