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The impact of smart home technology on your home’s value

A man tapping his gadget

Technology plays an increasingly important role in homes today. Those who are in the market for a home these days put a premium on smart home technologies, which come in a wide variety of options packed with many desirable benefits. If you plan on selling in the future, having these devices installed in your home may be a worthy investment.

Read on to learn more about smart home technology, the impact it has on your home’s value, and how it helps in staging a house for sale.

What is smart home technology?

Smart home technology refers to home automation appliances, devices, or systems that provide homeowners with security, comfort, and convenience. These devices are typically connected to a common network that can be controlled through a smartphone or remote.

Luxury homes, in particular, are often equipped with the latest smart home technology. These high-end properties often boast of smart locking, cooking, and ambient systems that help redefine the entire luxury living experience.

Benefits of smart home technology

Having a smart home comes with several benefits: Convenience, security, comfort, accessibility, and efficiency.

With smart-home technology, convenience is at your fingertips. Whether you need to turn down the music from another room, monitor your home from afar, or manage all your smart home technology from one device, you can keep track of your home at the touch of a button anytime, anywhere.

Smart-home technology also provides safety and security to your family and property. The advanced security systems typically found in a smart home include surveillance cameras, motion sensors, and automated door locks, which together help create a more secure environment for the whole family.

Smart technology also boasts greater accessibility, allowing you to lock the doors, control the lights, and open the curtains, shades, or blinds via voice command.

Smart technology can boost the home’s efficiency as well by helping save on water, electricity, and energy. Devices such as smart thermostats have built-in motion detectors that adjust the home’s heating or cooling system when someone is home. When you leave home, you no longer need to double-check if you left the lights on or adjusted the thermostat since the device will do it for you.

Overall, smart-home technology presents you with an opportunity to streamline common tasks, giving you more time for other activities. It also allows you to see how your home operates as a whole.

How smart home technology increases your home’s value

When the time comes for you to sell the home, having a smart home is a major advantage. More buyers nowadays seek properties that offer features like smart home security systems, lights, thermostats and smoke, and carbon dioxide detectors.

According to TiO, a smart home automation company, forward-thinking homeowners who own properties with smart home technologies have seen an increase in the value of up to 5%. Without a doubt, the benefits offered by smart home technologies contribute vastly to an improved quality of life, making these properties highly desirable.

Smart home products that add value

Not all smart home products, however, help increase the home’s value. If you plan on installing a smart home device, appliance, or system it’s best to choose the one that will give you the greatest returns on your investment. Here are the ones to consider:

  • Smart home security system

The most basic smart home product for your property, it’s also the most important one. A smart home security system protects your home, your family, and your valuables from intruders, fires, and even carbon monoxide poisoning. It also monitors your home at all times, whether you’re at work or away on vacation.

A smart home security system is a highly desirable feature that buyers look for in a home nowadays. Having one puts buyers at ease knowing that their potential home will be safe and secure.

  • Smart lighting

Smart lighting is one innovative product that saves time, money, and energy. Since smart lighting uses LED bulbs, less energy is consumed and less money is spent on replacing worn-out bulbs. LED bulbs last longer as well: these energy-saving bulbs have an expected lifespan ofabout10 years while incandescent bulbs last for just a year.
Smart thermostats

Just like smart lighting, a smart thermostat also saves energy and money. A smart thermostat has the ability to adjust heating and cooling systems in the home depending on the number of occupants at any given time. Some smart thermostats can even be adjusted to anticipate when you are due to arrive home and adjust the temperature accordingly.

Sell your luxury property for top dollar with Nina Hatvany and Team Hatvany. For the past 25 years, Team Hatvanyhas successfully helped sellers navigate the San Francisco real estate market. Contact the team today at 415.710.6462 or nina(at)ninahatvany(dotted)com.

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