How to Use Home Automation to Increase the Value of your House
Another newcomer to the field of home renovation that is quickly gaining ground is home automation technologies. This can mean an array of things, such as automated heating, blinds, and lighting. Not only do they make life easier, but should you want to put your property on the market, they make for a great bonus selling point. Here are some statistics:
- Over 80% of smart home buyers want a property that includes energy-saving features. Smart Thermostats can save 10 to 15% on heating and cooling bills.
- Smart lights and motion sensors decrease energy waste and save up to 90% on each light globe.
- According to a Coldwell Banker study, what US consumers want the most in their house is voice control.
Why Home Automation Increases Property Value
The last few years have shown that smart home features are here to stay. Both the young and old desire smart home technology, although which particular gadgets are of interest varies depending on their specific concerns. Where older demographics primarily are about security, younger ones are attracted to convenience and customization. According to a recent survey, 90% of people name home and family security as the main reason to purchase a smart-enabled home. Encouraged by the worrying statistic that a break-in occurs every 20 seconds. Below are more statistics that emphasize the growing importance of home technology:
- Almost 68% of homeowners want smart tech to be more energy efficient
- Convenience and comfort are the main reason why Generation X and Millennials are interested in smart tech
- Baby Boomers will use smart tech to add value to their homes
- Home automation allows 45% of homeowners to save money, at an average of over $1,100/year.
- 15% of people over 60 years old own smart home technology, versus 10% of Millennials
What Smart Home Technology is the right investment
Technology should be understood as a long-term investment. Less expensive products may do the job for a while; it will often be more rewarding to prioritize higher quality products. This is why everyone, from homeowners to real estate agents, should carefully analyze the costs and benefits of different smart home options before deciding. It is also essential to keep in touch with your needs and concerns, identifying early on what you want of home automation. While some will want products that adapt to their lifestyles, others will prefer functionality or prioritize safety. Options will vary accordingly.
Additional Security Systems
The peace of mind and convenience of a reliable smart security system is one of the technology's main selling points. Almost 75% of people consider safety and security their number one concern when buying a new property.
Smart Door Lock
A smart door lock will make your life easier by preventing you from having to fumble in your pocket or bag, looking for a key. It will also mean you don't need to hide a key outside for anyone to stumble upon. These simple Wi-Fi and/or Bluetooth-enabled devices, controlled and monitored through your smartphone, will detect coming home and automatically unlock the door when you're standing outside. A 2018 Coldwell Banker Real Estate Smart Home Marketplace Survey showed that at least 63% of homebuyers were looking for this technology in the homes they were viewing.
Smart smoke detectors
The same 2018 survey also indicated that 75% of homebuyers want pre-installed smart smoke detectors, making them one of the most important devices to prioritize when selling a home. They can identify both smoke and fire down to their exact location, as well as to detect carbon monoxide in your house through a smart hub connection.
An exciting way to showcase any home features, and especially smart ones, is to calculate the cost savings they allow. This is why automated lighting can be very attractive to potential buyers since smart LED bulbs can save up to 75 percent more energy.
Continuing down the energy savings line, manufacturers estimate that smart sprinklers can reduce your water usage by 30 to 50 percent. It will significantly impact your energy bills and the environment. It will increase convenience and quality of life. It can be programmed automatically, whether or not you are home, and be adjusted to fit varying weather conditions.
T3 Sixty data has shown that 26.7% of homebuyers are frequently interested in smart home energy management after home security. MFE's 2017 Concept Community survey found similar results. Over 10% of participants named smart heating, cooling, and utility control as high ROI features. This is interesting to buyers looking to reduce their ecological footprint and those who are trying to keep their monthly bills down.
Smart voice control
Devices like the Amazon Echo hub have boomed in the past few years. One interface can now be the key to control an array of smart appliances, lighting, and security systems. By syncing a smart home security system with an Echo, you'll have convenient and straightforward control of cameras, locks, and alarms that will all respond to voice control.
Coldwell Banker and CNET have stated what is considered a "smart home ." Property should have at least three smart devices. At least one should be geared toward temperature and/or security. "Not-so-smart" homes are taking a backseat for new buyers. Everything is doable remotely through smart devices, and the peace of mind that comes with it is becoming priceless. If you're ready for a smart home upgrade, we can help you.
Implementing these high-tech features will help you appeal to over 40% of millennials, who expect their next home to be equipped with automation technology. Primarily as millennials represent the largest and fastest-growing home buying segment in the country, now is the time to choose tech-savvy upgrades.