Why connected data matters after the home is built

The growing prevalence of smart devices in American homes has significant implications for the real estate and property industries. With 65% of Americans owning a smart device, it's clear that homeowners are increasingly interested in leveraging technology to improve their living experiences. However, as the story highlights, there's a critical gap in connected data that emerges once a home is built and sold.

This gap can have far-reaching consequences for servicers, risk managers, and other stakeholders in the industry. Without access to comprehensive, connected data, it becomes challenging to ensure that homes are properly maintained, and potential issues are identified and addressed in a timely manner. For the paint industry, this might seem like a tangential concern, but it's essential to recognize that connected data can ultimately impact the longevity and value of a home's physical components, including its paint job.

As the industry continues to evolve, it's crucial to watch how companies and innovators respond to this challenge. One key area to monitor is the development of integrated data platforms that can seamlessly collect and analyze data from various sources, including smart devices, maintenance records, and property listings. By closing the post-close data gap, stakeholders can better manage risk, improve customer experiences, and ultimately drive more informed decision-making – all of which can have a positive impact on the paint industry and the broader real estate market.

Originally reported by housingwire.com. PaintNews adds analysis for real estate & property readers.