Real estate just happens to be the world’s largest single industry. There is not a person on the planet that is not in some way connected to, or involved in real estate. As a result, new IoT use cases in real estate promise to change how business and life itself are conducted in real estate. The applications for IoT-based technology to be used in residences, hotels, and office buildings are increasing by the day. Self-regulating lighting, room temperatures and other smart services are making life more convenient while saving resources and money. They are also reducing the carbon footprint. The article that follows cites some excellent examples of some of these IoT use cases and and how they work.
The Internet of Things is a phenomenon that is impacting many areas of society and is changing the way business is conducted in numerous industries. Real estate is one of the industries that promise to be substantially changed by the IoT. The technology will be used in a variety of ways to make it easier for all parties when buying, selling, and renting properties. The IoT will also change the way individuals interact with their surroundings and offers financial and environmental benefits to property owners.
The connected network of sensors and smart devices that make up the IoT presents opportunities that were previously only imagined by participants in real estate transactions. Using IoT technology, real estate agents can safely show properties without being physically onsite. This saves time and makes them more productive as they can be working with multiple locations simultaneously. Eliminating the need to travel to each structure also cuts down on greenhouse gases generated by the agents’ vehicles and saves money that would have been spent on fuel.