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General age-related declines in sensory perception, cognition, and physical abilities may impact older adults’ abilities to maintain independence. The development of smart home technologies can compensate for these declines and assist older adults in their daily lives. This study aims to understand the key challenges and opportunities in designing effective smart home products for older adults. We conducted a virtual focus group with 10 participants (five healthy and five with health conditions) aged 65 to 80 to explore their perspectives on smart home technology. These discussions revealed five key themes: concerns, barriers, perceived benefits, adoption motivators, and future outlook. It was interesting to note the similarities and differences that both groups proposed regarding various aspects influenced by their different health situations. Findings will inform future smart home design decisions and the development of more inclusive smart home solutions that support and empower senior citizens to lead independent and fulfilling lives.