Can you imagine that there was a time we thought we were pretty far from living in the futuristic houses that we were seeing in the movies? But thanks to home automation, we are living in them today. There are dozens of smart home devices and new ones keep popping out in the market every now and then. These devices not only bring along a myriad of benefits, but they are also becoming a crucial part of real estate necessities, because home automation boosts the value of the property.
Before we find out how smart home increases the value of your property, how about you first understand what a smart home really is? So, taking the tech jargon off the picture, a smart home is home that is equipped with smart devices that are remotely controlled. The residence is designed in a way that increases efficiency, maximizes convenience, and also improves the quality of life for the homeowner.
Having said that, not only does a smart home saves you money, time and energy, but it also increases the resale value of your home. When you consider all the features of a smart home – smart thermostats, smart sound system, keyless locks, video monitoring and smart security systems, and so on – if they sound good to you, imagine how appealing they will be to a potential buyer. You see, one of the main advantages of having a smart home system is its centralized integration, which gives you a primary control point for the entire system.
The high-tech centralized system in a home puts it a step ahead of other homes in your neighborhood. If you are looking to include a smart home on a market listing, just discuss with your realtors how the home compares to the other homes in your neighborhood. Also, highlighting the home as an integrated smart home is the best way to ensure that your property stands out in the competition. With all the features of a fully integrated smart home, when the potential buyer finally tours the property, it will definitely leave an impression in his/her mind. The home will sell faster and the integration factor will make a huge difference in terms of the resale price.
As mentioned earlier, home automation saves on costs. It lowers the consumption levels and also increases energy efficiency, which is a factor that’s pretty crucial for home buyers. This is what buyers are looking for in a property that they plan to invest in. Devices such as smart sprinklers as well as smart thermostats can help you save up to 30% and 15% respectively, on your bills. Just imagine how much the homeowner can save with a residence that’s equipped with all these devices. So, needless to say, these products will definitely boost the chances of a successful sale.
Another thing is that, home buyers prefer to buy ready homes, and don’t want to invest their time or money fixing up the place. And smart home devices play a big role in this evolution. The majority of the homebuyers – almost 80% - prefer residences that are already equipped with smart technology. It is estimated that smart homes have an immediate increase of 5% in value when compared to a normal home without technology. If you happen to be an Airbnb host, try adding a few simple smart home gadgets as listed below and you'd see how amazed your guests would be!