William Collins: Smart Homes 2023 – Construction trends in luxury homes

William Collins, a real estate developer and entrepreneur based in New York, is optimistic about construction trends in luxury and smart homes.  A smart home is a residence equipped with technology such as sensors, controls, and other systems to provide convenience and security for its occupants. Smart homes allow users to automate, monitor and control various aspects of their homes from any location. They also save energy by optimizing lighting, HVAC systems, appliances, and other electronic devices. Smart homes can be integrated with other systems, such as home security and audio/video entertainment, to create a truly connected space for the user. 

Security Systems

Today’s security systems are becoming increasingly advanced, making security an essential part of luxury home living. Smart locks/doors give homeowners the convenience of having keyless access and peace-of-mind security, knowing their door is always locked properly. Additionally, many high-end homes have cameras and motion sensors, which can be monitored via a smartphone application for even greater security. In addition, electronic access gates allow individuals into the home without using physical keys or memorizing codes.

Remote Controlled Homes

Remote automated access systems are slowly becoming a reality in the smart home industry. As more and more luxury homes are being built, remote access features like automated heating systems, washing machines, dishwashers, and audio and lighting systems are included as safety features to help keep track of what’s happening from a remote location. Eventually, William Collins says these features will become expected amenities that come standard with a new home, and remote access and automated access will become the norm.

AI Customized Routines

Home automation is rapidly becoming the new luxury – and artificial intelligence is leading the charge. With AI-powered platforms serving as the “brain” of a home, everyday routines can be automated for residents’ convenience. Take, for example, an AI system that would understand a person’s music habits for the day, then provide customized playlists at exactly the right time without any manual intervention. Home learning systems promise a seamless luxury experience far beyond what could be achieved with traditional technology.

Alternative Energy Sources

Luxury constructions in 2023 will focus on alternative energy sources, such as solar power. Integrating solar-based energy into buildings and implementing charging stations for electric vehicles will be a key factors in consumer purchase attractiveness. Smart home constructions are designed to optimize energy utilization, from remotely controlling temperature and lighting features. However, what truly sets these intelligent constructions apart is their sensitivity to the environment, with alternative energy sources at their core. 


Smart home technology is the new luxury for homeowners, providing convenience and security with automated systems, remote control capabilities, and AI-customized routines. Security systems are crucial in luxury homes, offering keyless entry, surveillance cameras, and motion sensors running from a smartphone. Remote-controlled homes allow users to control temperature and lighting, while alternative energy sources provide homes with sustainability. With these advancements, the future of home automation looks more luxurious than ever.

Financial Advisor Don Dirren Gives 5 Practical Uses for Term Life Insurance

Most people are familiar with whole life insurance and that it can help to leave a financial legacy for beneficiaries. Experienced Financial Advisor, Donald Dirren, says there is an affordable alternative to whole life that is affordable and protects family assets and lifestyles.

That alternative is term life insurance. As the name suggests, term life insurance is in effect for a specific period of time or a “term.” Once that time period has expired, so does the life insurance policy.

1. Protect Family Against Sudden Loss of Income

Don Dirren says term life will produce a significant payout that is based on the amount of coverage that you obtained. If you should pass on while the term life policy is in effect, the insurer will pay the insured amount to your chosen beneficiaries.

That payout can help to protect your family’s assets and prevent a significant change in their standard of living if you are the primary source of income for your family.

2. Pay for Medical Bills and Funeral Expenses

Term life is especially useful for paying off short-term financial obligations if the insured person should die while the policy is in effect. Those short-term obligations might include medical bills and funeral expenses that other insurance policies do not cover.

3. Mortgage Protection for Your Home and Properties

Many people buy homes and other properties with mortgages that require payments over many years. Donald Dirren notes term life is a terrific financial tool for protecting those financial obligations and ensuring those debts are paid if you die unexpectedly. You can buy a decreasing term life policy whose coverage amount and cost decrease as your debt gradually becomes less and less.

4. Ensure Children’s College Tuition and Costs

If you have children who are enrolled in college or plan to enroll, term life can ensure the tuition is paid if you are no longer around. Term life is an affordable way to ensure your children’s educational future.

5. Protect Family Assets and Businesses

Term life helps to ensure your family’s assets remain in the family upon your passing. Instead of forcing a sale of assets to raise funds, your family can hold onto them and continue to benefit from owning them.

Why Term Life Is Preferable to Whole Life Products

Term life does not come with a guaranteed payout like whole life insurance. Instead, it exists for as long as you need to protect certain financial obligations, like a home mortgage, protecting business assets, or ensuring your children’s college tuition is paid if you should pass on unexpectedly.

Term life also is much easier to obtain than whole life insurance because the policyholder does not have to undergo medical examinations. Because there is no guaranteed payout, insurers are more willing to underwrite coverage and charge less. That makes term life insurance a very smart investment for protecting financial obligations that eventually will not exist after a period of time, such as a home mortgage. 

Paul Inouye Discusses Best Practices in Mergers and Acquisitions Structuring  

 When implemented correctly, mergers and acquisitions (M&As) can be beneficial. To get it right, you must know how to handle the complexities. Paul Inouye, an investment banker, says that’s where good corporate governance comes in. He emphasized that properly managing an organization’s internal structures and processes is vital to successful M&As.

Proper governance makes it easier to form a new entity the right way. That way, everything falls into place. Policies, competencies, and procedures align seamlessly, ensuring a smooth merger. The best part about effective corporate governance is that you won’t struggle managing risks.

On top of that, it helps you comply with regulations while running the business more efficiently. It also ensures successful outcomes by focusing on shareholder value. With all these ducks in a row, maintaining continuity between the two companies is a breeze. Best of all, there’ll be transparency and effective communication.

So, what’s the best way to approach mergers and acquisitions? Here are the things Inouye says you should do.

Understand the organization better

It’s common for entities with different yet complementary characteristics to join forces. One organization may do things centrally while another spreads things around. Because of this, Paul recommends learning as much as possible about an entity’s regional variability.

Familiarize yourself with its processes and structures at a granular level. While you’re at it, get to know how both companies organize and manage critical data. This information includes products, customers, and locations.

Come up with good communication strategies

For an M&A to work, there’s a big need to define how various structures interact and share information. Inouye says this bit is super-important because the information isn’t always readily available or known. That’s why it’d be best to provide information kits. Doing so makes everyone’s job so much easier.

The last thing you want is to create information gaps that cause confusion. On the other hand, a good communication plan ensures that collaboration and productivity kick into high gear early on.

It’s vital that the communication kits indicate how the merger boosts both entities’ fortunes. The two organizations could benefit by improving the ease of doing business, cost savings, and a bigger portfolio. You can motivate employees by highlighting what kind of career development opportunities will arise.

Also, indicate the merger’s scope and schedule. At the same time, don’t forget to keep technology vendors and other stakeholders in the loop. That way, everyone understands the impact of changes and what’s expected of them.

Harnessing transformational value

Although it’s given that an M&A brings value to both entities, it’s best to maximize benefits by harnessing the combined resources. Paul says you must find ways to make the most of cost reduction and operational efficiency. So, look at the technology, skills base, and processes at your disposal.

Use these assets to increase the overall competitiveness and market share. If you do things right, getting new customers that were out of reach before the merger should be easier. Meanwhile, technological assets provide a surefire way to make things run more smoothly, boosting productivity. As a result, the business expands more rapidly in existing and new markets.

What’s more, your offerings may increase based on the other entity’s product or service suite.

About Paul Inouye

Paul has an MBA from The Wharton School at the University of Pennsylvania who ks based in Portola Valley, CA. He’s an investment banker who understands the importance of embracing M&A best practices for a successful outcome. Outside of work, he enjoys cycling, cross fit and travel.