3 Examples Of IoT (“Internet Of Things”) In Real Estate

Accordingly, the Internet of Things (IoT) refers to a computer term to describe an ecosystem of modern technological devices linked together via the internet. These devices are embedded with sensors, software, and other technologies that will make communication between them possible. Due to that, the once ordinary physical things become more intelligent to produce impressive results that will enhance the convenience and modify the way of living. Though we invented IoT more than 20 years ago, it hasn’t been quickly applied by the real estate industry. However, now that it’s being utilized, its significance and usability in the real estate sector are way more than ever. It quickly modifies both home and workplaces, which leads to immensely improving industry. IoT is truly a game-changer!

What makes this smart technology essential in the real estate division? What are the specific examples of IoT used in this sector? Know the answer to those as you keep reading below:

What is IoT (“the Internet of Things”) And Its Relevance In Real Estate

Real estate majorly involves raw materials such as cement, steel, and concrete; IoT offers a massive help. And if you want to seek or any related topic. It hopes to help consumers live a conducive life and maximize devices while saving time and dime.

The rise of smart real estate is now visible in most residential areas, malls, offices, and even . If you haven’t noticed it, make the parking

space technology an example. They use sensors to identify if a car is occupying a specific space. Thus, keeping you away from the hassle of roaming around the area for minutes to find a .

Benefits Of IoT (“the Internet of Things”) In Real Estate With Examples

Undeniably, IoT is rapidly making changes in our way of living and is producing beneficial results for the consumers. Indeed, it is helping the real estate industry improve in so many ways, and you can look at the real estate industry utilized it.

Below are some examples of the rapidly growing IoT application in this field:

  • Energy Efficiency And Utilization

Whether it’s for your business or your home, one common thing is the desire to save and be efficient with energy. Energy-saving technologies are beneficial for you, especially with how expensive the world is now. Smart real estate technology such as the following will help you reach your goal to be efficient with energy use:

  • The Heating, Ventilation, and Air Conditioning (HVAC) System is sensitive to the ambient temperature. Thus, controlling the thermostat depending on the ideal temperature. It also monitors and analyses data like the tenant’s schedule where the HVAC System automatically turns on and off depending on the regularity of use. Through this, no energy is put to waste.
  • A smart lighting system is another way to help you save energy. It has motion sensors that respond when the motion sensor has been triggered. Some of these motion sensors are called occupancy sensors which automatically turn off in unoccupied spaces. There is also a Wi-Fi-enabled lighting system that can be turned on and off according to schedule or as needed to clear of excessive energy use.
  • Optimized Security

Security is one of the most important reasons people consider IoT in their homes and workplaces. Nothing is more vital than one’s safety. And through the help of smart real estate, cameras, motion sensors, and facial recognition software works hand in hand to keep you and your property safe and at peace. Security improved in the field of real estate through the following technologies:

  • 24-hour surveillance cameras enable reliable AI algorithm utilized for close monitoring even without human monitoring. Cameras can now be
  • placed in far-flung areas, unlike before. With the help of wireless communication technologies, you will always have confidence and peace of mind when you know that every corner of your area is visible through the eyes of a camera. Thus, making security measures even tighter.
  • (FRC) is an innovative real estate technology that matches human faces from an archive of digital images that contains the homeowners’ or employees’ database for ID verification. Thus, prohibiting unauthorized entry.
  • Giving Intensive Attention To Health Protocols

No one is allowed not to be careful, especially in this pandemic season. The government encourages to follow the social distancing mandate due to the possible transmission of the virus through object contamination. Touching publicly used items such as door handles and elevator buttons are also directed. That’s why touchless devices and Autobots are now being utilized to make things accessible and convenient but still very safe amidst the pandemic. The following are examples of how is beneficial when it comes to health security:

  • Doors are now built with sensors that automatically open when detecting any object or person aiming to pass through.
  • QR Codes and GPS are also maximized in malls and workplace modes of entry to speed up contact tracing, which helps prevent any possible outbreak.

Conclusion:

IoT is indeed improving the real estate industry in ways that surprise everyone. The way it helps every and business owner is genuinely beneficial. The conventional method of living is now made smarter with modern technological devices integrated for smart communication and the exchange of data. Data transfer and analysis are maximized and utilized to produce great results through this.

As long as IoT is taken advantage of in such manners stated above, essential results like energy saving, optimized security, and health safety can be expected. This also increases the in case you plan on selling or leasing it out. Who wouldn’t prefer a more competitive and convenient space?

Truly, understanding the relevance of IoT and taking a grasp of how it’s applied in the real estate arena will give you a leg up from your competitors while living life more smartly and conveniently.

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Georges is the Co-Founder of and has been working in Wall Street for the last 17 years trading derivatives and mortgages with hedge funds.