The housing market in Phoenix, Arizona is embracing smart home technology and financial technology (fintech) at a rapid pace. Experts predict over 75% of new homes built in Phoenix will include smart home technology by 2025. This tech-forward approach is transforming how Phoenix residents buy, finance, and live in their homes.
What is a Smart Home?
A smart home uses internet-connected devices and systems to automate and control things like lighting, temperature, security, and more. You can use a smartphone or voice assistant to control smart devices like locks, cameras, thermostats, and appliances. Smart homes aim to provide convenience, efficiency, security and peace of mind.
Smart Home Tech Gaining Popularity
Home builders in Phoenix report surging demand for smart home tech. New homes increasingly have smart lighting, security systems, wifi-enabled appliances, voice assistants, and more baked right in. Many Phoenix residents are also retrofitting existing homes with smart devices and systems that suit their lifestyle and needs.
Key Smart Home Features in Phoenix
Here are some of the most popular smart home technologies finding their way into Phoenix households:
- Voice assistants like Amazon Alexa or Google Home
- Video doorbells and security cameras
- Smart thermostats and AC controls
- Automated lighting and smart switches
- Smart appliances and water leak detectors
- Home automation hubs and smart speakers
How Fintech is Impacting Phoenix Housing
Financial technology (fintech) innovations are also disrupting real estate. New digital solutions are streamlining processes like mortgage lending, home insurance, and more. This makes buying, financing and protecting a home faster and easier.
Online lenders like Quicken Loans and LoanDepot now offer an efficient end-to-end digital mortgage experience. Borrowers can complete applications, upload documents, e-sign disclosures and close loans online in as little as 8-15 days. This digital process is convenient and accelerates timelines.
Home Insurance Innovations
Insurtech startups are using technology to simplify home insurance. Companies like Lemonade and Hippo allow you to get quotes, purchase policies, and file claims completely online or via mobile app. Features like 24/7 customer support chatbots provide added convenience.
Financial Wellness Tools
Many lenders now offer financial wellness platforms to help borrowers manage their mortgage and make smarter financial decisions. These online dashboards provide insights into your spending, saving, budgeting and even give tips to improve your credit score.
The Smart Home Experience
Smart home technology delivers convenience through automating daily tasks. With voice commands or your smartphone, you can adjust the thermostat, turn off forgotten lights, unlock the front door for guests, monitor your home security cameras and more. This tech gives you greater control and peace of mind.
Efficiency and Energy Savings
Smart home tech also enables greater efficiency. Smart thermostats can help optimize your HVAC usage to reduce energy costs. Smart lighting lets you automate schedules and dimming. Smart switches make it easy to control multiple appliances with one tap. All this tech can generate tangible savings on your utility bills.
Enhanced Security and Safety
Security is a top smart home benefit. Indoor/outdoor security cameras give you 24/7 monitoring and motion-activated alerts if an intruder is detected. Video doorbells let you see and speak with visitors at your door. Environmental sensors can detect leaks, smoke or carbon monoxide issues and send alerts to your phone for quick response.
Independence and Accessibility
Smart home tech also supports independent living for seniors and people with disabilities. Features like smart lighting, thermostats and door locks can automate tasks that may be difficult or dangerous. Voice commands provide hands-free control. Remote monitoring also gives family members peace of mind.
The Future of Smart Homes
Looking ahead, Phoenix homeowners can expect smarter homes with more seamless device integration, predictive capabilities using AI, expanded voice controls and advanced automation. Smart home technology will also continue merging with fintech, delivering more streamlined, digital-first home buying and ownership experiences. Companies like HBSB Holdings are at the forefront of this revolution, providing innovative solutions for homebuyers and homeowners in Phoenix.
With smart home technology adoption accelerating, Phoenix residents can enjoy more convenience, efficiency, savings and security. Meanwhile, fintech innovations are simplifying home finance. The smart home revolution, paired with emerging fintech solutions, makes this an exciting time for Phoenix homebuyers and homeowners.