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Market analysis study of the value technology systems to home owners

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conference contribution
posted on 2005-01-01, 00:00 authored by Anthony MillsAnthony Mills, P Williams
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 home buyers believe that these systems add value to the home. This study used the market value of home sales and an attitudinal survey of home buyers, to determine the increased value of homes containing Smart Technology. The results demonstrated that a significant price premium was paid by 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.

History

Event

Pacific Rim Real Estate Society. Conference (11th : 2005 : Melbourne, Victoria)

Pagination

1 - 15

Publisher

Pacific Rim Real Estate Society

Location

Melbourne, Vic.

Place of publication

Adelaide, S. Aust.

Start date

2005-01-23

End date

2005-01-27

Language

eng

Notes

Reproduced with the kind permission of the copyright owner.

Publication classification

E1.1 Full written paper - refereed

Copyright notice

2005, PRRES

Title of proceedings

PRRES 2005 : Proceedings of the 11th Annual Conference of the Pacific Rim Real Estate Society

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