This cross-sectional study examines the factors affecting smart home technology use in private spaces. Specifically, the role of hedonic and utilitarian beliefs has been examined in the formation of smart technology use behaviour. In addition, this study is aimed at a better understanding of the outcome of smart technology use in terms of individuals’ satisfaction, the perception of their well-being and perceived value. A sample of 422 smart home technology users participated in this research by completing an online survey. Structural equational modelling was used to analyse the relationship of the constructs employed with smart home technology use. This exploratory study found a strong effect of the use of smart home technology on subjective wellbeing, satisfaction and perceived value. The findings of this paper contribute to our understanding of smart technology acceptance by highlighting the importance of behavioural beliefs. In addition, they provide empirical evidence of the outcome of the use of smart home products.