According to the report, a Smart Home is a home that is equipped with network-connected products (i.e., "smart products," connected via Wi-Fi, Bluetooth or similar protocols) for controlling, automating and optimizing functions such as temperature, lighting, security, safety or entertainment, either remotely by a phone, tablet, computer or a separate system within the home itself.
In order to be categorized as a smart home, the report said that the property must have a smart security feature that either controls access or monitors the property or a smart temperature feature, in addition to a reliable Internet connection. It must also include at lest two additional features from this list:
Appliances (smart refrigerators and smart washer/dryers)
Entertainment (smart TVs and TV streaming services)
Heating / Cooling (smart HVAC system, smart fans or vents)
Lighting (smart light bulbs and lighting systems)
Outdoors (smart plant sensors and watering systems)
Safety (smart fire / carbon monoxide detectors and nightlights)
Security (smart locks, smart alarm systems or cameras)
Temperature (smart thermostats)
"With close to five million homes bought and sold in the U.S. each year, it is imperative that there are standardized guidelines for identifying smart homes on the market," said Sean Blankenship, chief marketing officer of Coldwell Banker Real Estate LLC. "The new smart home definition will allow our network of independent sales associates to educate their home buyers and sellers regarding what defines a smart home and how the technology is making our lives more comfortable and convenient. We worked with CNET and tapped into the findings of their smart home testing facility in order to create a definition that is easy to understand and representative of the best smart home technology."
As demand for smart homes steadily increases, a consistent and clear definition is crucial. The technology experts from CNET and the real estate professionals from Coldwell Banker Real Estate worked together to create a definition that captures the complexities of the rapidly evolving technology landscape and provides clarity for a mass audience. Both companies said this definition is part of the Coldwell Banker Real Estate initiative to embrace smart home technology through an agent education program, a dedicated online search tool to help home buyers find smart homes, research with CNET and sponsorship of the Smart Home Marketplace at CES.
"Eighty-seven percent of Americans acknowledge the value of smart home technology, but only one in four has this technology in their homes," said Lindsey Turrentine, editor-in-chief of CNET.com. "The term 'smart home' can be intimidating and overwhelming. We want to make it easy for everyone to better understand what a smart home is, in order to simplify the process in helping them choose the right devices for their homes. Smart home technology today is fragmented, much like the PC industry 15 years ago. An official smart home definition for consumers and real estate agents will provide clarity and credibility to the term."
Read more at http://www.coldwellbanker.com/smart-home