Smart home technology is becoming more popular with every passing year as homeowners gain a greater understanding of the benefits it can offer. It not only adds more luxury but can also increase the market value of your property, which is great news if you are planning to sell.
What is smart home technology?
Smart home technology can include devices, gadgets and home appliances that offer wireless connectivity. They are connected to a home Wi-Fi network and programmed to speak to each other, which can also be done via a mobile phone app or smart bridge. You can control smart home technology using a connected smartphone, allowing you to interact with the internet, adjust lighting and heating devices and much more.
How will smart home technology affect the value of your property?
Smart technology can affect the value of your property in a few different ways, such as:
- Higher market prices
Having smart technology installed in your home offers more features and amenities for potential buyers, increasing the level of luxury provided by the home. This means the property can command a higher price than comparable houses that do not have the tech.
- Faster sales
While you can never say with certainty how quickly a house will sell, in general terms, a property with smart home technology has a better chance of selling faster than a home without it.
- Buyer profile
If you have a specific buyer type in mind for your property, smart home technology can help to attract them. It could appeal to buyers of a certain age, or particular mindset. For example, anyone who wants certain security measures in place may be looking for a property that can offer them the peace of mind they need.
What are the benefits of smart home technology?
Some of the benefits of smart home technology include:
- The ability to control multiple home devices from one place
- Improved security and more peace of mind
- Easy accessibility for some devices that can be controlled remotely
- More energy efficiency on heating and lighting devices
- Better quality of life at home with easy to control technology at your disposal
What types of smart home technology are available?
New forms of smart technology are being made available to homeowners almost every day. Some of the most popular types of smart technology available include:
Voice command
From Apple’s Siri to Amazon’s Alexa and Google Assistant, home voice tech is already very common in many people’s homes. This is a great way to impress buyers and demonstrate you have a contemporary home.
Home security
This can be anything from motion sensors and cameras to smart locks and alarm systems. The value of your home can increase significantly with strong smart security in place, making it a great selling point.
Lighting systems
Smart lighting systems can offer good savings on electricity bills as they rely on LED bulbs to work. It can be linked to a security system and give buyers more control over the mood and atmosphere at the touch of a button.
Will smart home technology increase the value of my property?
The installation of smart property in your home gives you more chance of increasing its value and asking price. How much it will increase depends on how much smart technology you install in your property with home security systems usually proving to be the best investment to make. Home automation is in high demand and selling a home of the future can be much easier than a property that doesn’t have the same advanced features.