How Smart Home Features Dramatically Increase Your Home’s Value?

Smart homes are no longer a thing of the past. They have been up and coming for several years, and most people recognize it. In today’s real estate market, buyers love the idea of a smart home. Particularly popular with millennial buyers, smart homes can give a property an edge over others.

What is a Smart Home?

A smart home is a home installed with cutting-edge technology that saves homeowners time and money. Such systems can be controlled via an app when away from home. They typically lower temperatures when no one is home and increase them at preset times to warm the property before people get home.

The higher end of the spectrum offers a smart home with a security system. This can include a professionally installed security system or a DIY home security system. Depending on the features, these systems can identify anyone at the front door, allow two-way communication even from a remote location, and record any movement inside the house.

Years ago, Jon got a smart home system installed at his place, and it was a rave in our friend circle. He was one of the first ones, and the rest followed. And, I must say that it offered multiple benefits that we enjoy even today.

Is there any Truth to Smart Homes Increasing a Property’s Value?

Over the past several years, smart technology has had a major impact on the real estate market. Of all upgrades or changes a seller can do, making their home smarter is a practical choice in the long run. Advanced technology, including a home security system, can dramatically increase the value of a home.

According to DIY Smart Home Solutions, research suggests that smart homes can increase a property’s value by between 5% and 35%, depending on the area and complexity of the systems installed.

Because the buyers who gravitate towards a smart home are different from the average buyer, you must work with the right real estate agent. A good agent who understands the benefits of a smart home can promote your house and the technology that comes with it accordingly. By targeting the right group of people, there’s a much better chance of you getting your asking price and closing the deal fast.

What are the Benefits of a Smart Home?

As with everything, smart homes offer several upsides. The fact is that potential buyers love the technology of a smart home. So, if you have systems installed that save time, provide better protection, reduce energy use, and make it possible for homeowners to spend less, there’s an excellent chance that people will show interest.

I can offer some insight into two of the biggest advantages we have recognized and heard from buyers and sellers alike.

1. Quicker Sales

An advantage of a smart home is that most will not remain on the market for very long. In other words, compared to homes without technology, smart homes sell much faster.

If you’re in a hurry to move but don’t want to discount the asking price, installing a smart home system can lead to a quicker sale. Even something as simple as a DIY security system can make a huge difference in how quickly an agent can find a buyer for your home. We generally recommend this if our clients want to sell their house for cash.

2. Better Protection and Peace of Mind

Another benefit of a smart home is that it offers buyers the protection and peace of mind they look for in a house. Having a secure home is a top priority for many people, especially families. A smart home generally increases security, preventing the likelihood of break-ins and home invasions.

This is particularly important for interstate buyers moving from one state to another. Because they don’t know the area as well, a property with a home security system installed from day one can be a major draw to buying your property.

Food for Thought

My husband and I travel often, and it used to stress us leaving our home without any security. When we moved into a new apartment, Alex recommended considering homes that had smart systems. It was a logical decision, and we got a great deal.

– Clients

I installed a smart security lock in my new home, as there had been several burglaries in my neighborhood. Now I feel more secure and sleep without any stress.

– Alex

Summary

With so much demand for home security, as well as other advanced technology, you can’t go wrong with installing smart home features, whether you plan to move or not. Even if you live in a low-crime area, a home security system can still provide that much-needed reassurance to buyers.

Smartphone systems are easily transferable from owner to owner. But managed systems provide even more reassurance and security in the event of a break-in or home invasion.

Overall, a smart home can make your house more attractive to buyers. Depending on the features, it can even increase home value, particularly if it inspires a bidding war on the property.