More and more people want smarter home functionality. And, if your home is equipped with this smart technology it will increase its value.
Not only does it increase the exterior appeal of your home, but it adds value in that it provides for cost savings on bills and insurance in the long run. It is highly convenient, provides safety and security, and creates a modern feel, which is essential to many home buyers today.
It does involve a significant initial cost to install these devices but more and more people prefer buying a home which is furnished with smart technology. Here’s why.
Benefits of Home Automation
Home automation includes an array of smart technology which aims to:
- Make your life easier.
- Save money on utility bills.
- Create a safe and secure home environment.
How Home Automation Increases Your Property Value
It creates a more convenient home
With the variety of automated devices available, you can build the unique system that is suited to your needs. The convenience lies in the fact that all your automation can be controlled from your smartphone or tablet.
The improvement that this type of automation adds to the convenience of your home makes it a worthwhile investment.
It is a valuable investment
Home buyers place great value on energy-efficient features. Therefore, placing devices such as smart thermostats and smart lights in your home can drastically cut energy waste costs, which makes it more appealing to new home buyers.
Another very important concern, when buying a new home, is that of security. When your home is equipped with a smart security system you can be sure that it will add great value to the overall property worth.
According to a study by Coldwell Banker, US consumers are most interested in voice control automation. Technology systems like Google Home will attract many a buyer to your property.
Adding high-tech systems to your home will also be more appealing to the millennial market, who seeks to make tech-savvy upgrades. And, since Millennials represent the fastest-growing home buying segment, investing in home automation will definitely be beneficial to both the buyer and the seller.
Which Home Automation Devices to Invest in
The scale of home automation varies greatly. Many people are unsure of where to start. Here are a few of the technologies available which will provide long-term gains to your property and also ensure cost savings:
- Smart thermostats.
- Smart lighting.
- Security systems.
- Keyless entry.
- Controllable shades.
- Built-in speakers.
- Smart appliances.
- Smart HVAC systems.
- Smart building materials.
- Smart irrigation.
These home automation systems will significantly upgrade your property. Yes, it will be a higher cost initially to install these devices, but at the same time, home buyers will expect to pay more for the upgrades on their home.
The investment of home automation technology in your property is crucial to the increase of its value. Home automation is becoming more prevalent among buyers. And, as the benefits of these connected devices increase, it will reap both immediate and long-term financial rewards to new homeowners.