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For home buyers, move-in ready now means more technology

Out with the old and in with the high-tech.

A new survey from Coldwell Banker Real Estate LLC and Parks Associates found that Americans are thinking differently about “move-in ready” homes; they now want it to be “smart ready” too.

According to the survey of 1,250 U.S. adults who have broadband Internet access at home, 71 percent of Americans want a move-in ready home.

67 percent of millennials want a smart home
61 percent of millennials want a smart home

Of the respondents who opted for a move-in ready home, 44 percent said that smart home technology should already be installed. Another 57 percent would consider an older home updated if it had smart home technology.

“We have entered a realm where home buyers are demanding smart homes. This is a shift from the previous thinking about what constitutes a move-in ready home. It’s a defining moment for real estate,” said Sean Blankenship, chief marketing officer for Coldwell Banker Real Estate LLC.

Angel Piontek, sales associate affiliated with Coldwell Banker Elite, said, “At the beginning of my real estate career, home buyers were willing to purchase fixer-uppers that needed tender love and care. But over the years, there has been a clear shift toward move-in ready homes that don’t require any updates or renovations.

“Most recently I’ve seen that the term move-in ready is evolving still to include the convenience and comfort that smart home technology provides.”

Of the 71 percent who want “Move-In” ready, the survey found that:
44 percent agree that a move-in ready home has smart home technology installed
45 percent agree that a move-in ready home is new construction
74 percent agree that a move-in ready home has new appliances
83 percent agree that a move-in ready home has updated kitchen and bathrooms
85 percent agree that a move-in ready home has updated heating/cooling

So Who Wants to Buy a Smart Home? According to the survey, 61 percent of Millennials, 52 percent of Gen Xers, 50 percent of Boomers, 59 percent of parents.

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