Even if you aren’t in the market to sell your home now, there’s no harm in employing measures to increase its value. Installing smart home and home automation equipment can perform double duty – enhancing your quality of life now while increasing the value of your home if you decide or need to sell at a later date. How much? According to Consumer Reports, installing smart home technology can increase your home’s resale value as much as 5 percent. On a $300,000 home, a 5 percent increase translates to $15,000. That’s huge. Here are just a few key ways that smart home technology can provide value.
Lighting systems with motion sensitive features and smart locks protect your family from burglary and home invasion. Carbon monoxide detectors minimize the risk of injury or death from smoke inhalation or faulty circulation. Insurance companies recognize the value of home security systems; many providers offer significant discounts for homeowners who install home automation and smart home technology. Homebuyers also recognize the benefit of home security systems, often including smart home technology as a must-have.
Increased Energy Efficiency
Three words: lower utility bills. Smart home technology allows you to take advantage of off-peak rates offered by utilities for operating power-hungry appliances during periods of lower demand. Likewise, smart home technology allows you to detect sources of waste and correct them, which translates into even bigger utility savings. More home buyers are seeking homes that offer energy efficiency. Having smart home technology built into your appliances and utilities is a definite selling point.
Smart home technology was not originally designed to enhance accessibility. But with more seniors and disabled individuals striving to retain their independence, greater accessibility is a definite home selling point. Smart home technology makes it easier for disabled people and seniors to remain in their own homes. Many smart home features can be operated remotely through a Smartphone by someone who has mobility issues. Likewise, pressing an app icon is less challenging for someone who has limited manual dexterity than turning a key to lock a door or twisting a knob to turn an appliance on and off.
For more information on how smart home technology can increase the potential sale value of your home, give us a call today.