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Analysis of the value of home automation systems

Petersen,Tony, Williams, Peter and Mills, Anthony 2001, Analysis of the value of home automation systems, Facilities, vol. 19, no. 13/14, pp. 522-530.

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Title Analysis of the value of home automation systems
Author(s) Petersen,Tony
Williams, Peter
Mills, Anthony
Journal name Facilities
Volume number 19
Issue number 13/14
Start page 522
End page 530
Total pages 9
Publisher Emerald Group Publishing
Place of publication Bingley, England
Publication date 2001
ISSN 0263-2772
1758-7131
Keyword(s) automation
building trade
intelligent buildings
technological innovation
Summary Smart technology involves the integration of a variety of home systems including lighting, climate control, security etc. to enhance the comfort, convenience and economy of the home for its users. It is currently unknown if homebuyers believe that these systems add value to the home. This study used the market value of home sales and an attitudinal survey of homebuyers, to determine the increased value of homes containing smart technology. The results demonstrated that a significant price premium was paid for the incorporation of the technology into new homes. In addition, the research suggests that the use of this technology is not limited to high-income earners or other demographic stereotypes. Instead it has broad market appeal and the potential to save energy for the community at large.
Notes Reproduced with the kind permission of the copyright owner.
Language eng
Field of Research 120199 Architecture not elsewhere classified
Socio Economic Objective 970112 Expanding Knowledge in Built Environment and Design
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2001, MCB University Press
Persistent URL http://hdl.handle.net/10536/DRO/DU:30037119

Document type: Journal Article
Collections: School of Architecture and Built Environment
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