Advancement in technology and the spread of internet have significantly changed the real estate industry
in several ways. In particular, they have changed the way individuals search for or share information regarding real estate. Presently, smart home technology, which is a natural extension of the Internet of Things (IoT), is making a major impact in the industry. From force detecting floors that can sense mobility to Nest thermostats, technology has become a force to reckon with in the competitive real estate industry. Technology continues to influence the industry as it is being used to attract buyers to purchase different properties. Check out Ideamensch to know more.
Smart homes ease the life of the individuals who invest in them. Despite of a number of smart homes having a few modest elements, other homes have elaborate systems and state-of-the-art features. Often, when purchasing a home, buyers prefer smart homes. The concepts that were at one point futuristic are presently the norm in the industry.
According to Hackronym, the popularity of smart homes has been driven by the need to be able to do things instantly. Some of the features are also motivated by the safety factor. Systems like Siri and Alexa serve as personal assistants in various ways. For this reason, many entrepreneurs are beginning to realize the increasing opportunities that are made possible with smart home technologies.
Last year, TechSci Research estimated that the global smart home market will surpass $60 billion by 2021. According to its report, it is evident that a tipping point is approaching fast where smart homes will no longer be a luxury but a norm. For several years, Todd Lubar has been at the forefront of predicting the rise of smart home technologies. He has also been one of the people who have started to develop the technology early.
About Todd Lubar
Todd Lubar is one of the revered professionals in the real estate industry. He serves as the president of TDL Global Ventures. Lubar is also the senior VP at Legendary Investments. The shrewd entrepreneur has worked in the real estate sector for more than two decades. Todd has helped people to fulfill their dreams of becoming homeowners.
Todd Lubar went to Sidwell Friends School, which is based in Washington DC and The Peddie School that is located in Hightstown, NJ. Subsequently, Todd enrolled in Syracuse University where he graduated with a B.A. in speech communication. Lubar went on to work for several successful companies, including Crestar Mortgage Corporation and Legacy Financial Group.