To get top dollar, home sellers want to have an edge when they put their homes on the market. Smart technology, or internet-connected devices, are in high demand and increase the desirability of homes in these surprising ways .
From thermostats that automatically adjust each room’s temperature to wireless speakers that can play your favorite cloud-based music service, home devices that connect to the internet are revolutionizing the way people live.
Because smart technology provides increased home security, better entertainment and a reduction in home-energy costs, these devices are becoming more desirable than ever. According to one study, the number of people who own a smart home device increased 259 percent in 2016 alone.
If you’re looking to increase the value of your home and reduce the time it will take to sell when you put it on the market, investing in the following devices can give you excellent returns for your money.
Smart savings on utility bills
As companies invent and refine wireless and cloud-based devices, technology creates convenient, sustainable and safer homes.
Some of the most popular smart systems added to homes in recent years help reduce energy consumption, including thermostats, lighting and shading. One of the driving factors that makes homeowners love these devices is how much they reduce utility bills.
“50 percent of utility bills are from heating and cooling. A smart thermostat can save a homeowner 12-15 percent. Replacing an old thermostat with a smart one can pay for itself in bill reductions in two to three years,” says Eric Henson, a smart technology expert at the OLEX Group.
Smart lighting systems automatically shut lights off when sensors tell the centralized hub there’s no movement in a room or when an automated schedule is set based on time of day. You don’t need to remember to turn off the lights and you still get a reduction in your energy bill.
Smartphone connected security systems
Other popular systems include integrated security systems that patch live feed from security cameras directly to your smartphone, or that alert your phone when motion sensors around your home are set off. If you have children or travel frequently, having a connected security system that you can check on day or night can improve your peace of mind and your home’s long-term price tag.
Smart CO sensors and smoke detectors with live alerts are also top sellers that increase home values. These will notify the homeowner when they sense smoke or CO, sending you alerts to your phone so you immediately know there is an issues when you are not at home.
Buyer attitude and connected devices
When buyers are looking at their options, they react positively to homes on the market with smart devices. If they currently have smart devices in the home they are planning to leave, 81 percent say they would be more willing to buy a home with connected technology already in place.
Not only do prospective buyers rank smart technology high when they evaluate housing options, a realty survey of 22,000 homeowners also found that they will increase the price they are willing to pay for smart homes by thousands of dollars.
The survey found that 65 percent said they’d be willing to spend more for smart-home technology packages, and more than half would pay extra for interior and exterior security cameras, network-connected appliances and other smart systems.
Navigating smart technology for your home
Although incorporating the right smart technologies into your home can give you an edge when you put it in the marketplace, not all smart devices are good investments, said Henson.
“Devices that are gimmicky or going to be quickly replaced with better technology aren’t the best investments, but we consistently see smart devices like automated shades and combined thermostats/CO detectors increasing home desirability. You just need some good advice to navigate your options,” Henson continued.
The OLEX Group can help you choose the right brands and systems of smart devices to make your home more desirable on the market. Visit the company website for more information on choosing the right devices.