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Can Smart Home Technology Make a Home More Attractive to Buyers?

Last Updated on September 14, 2022 by Admin

In a buoyant property market, most homes sell quickly and there are often many buyers queuing up, eager to snap up one property. However, it doesn’t hurt to do everything you can to make your property more attractive to potential buyers. Spending a bit of money on the property with a view to selling will ensure you get top dollar for your home. It will also help you get a quick sale if the market is less buoyant.

If you are thinking of upgrading to smart home technology, here are a few reasons why it could be a smart move.

What are the Different Smarthome Solutions?

There are lots of different smart home solutions, some more expensive than others.

  • Smart lights are easy to install and can be controlled using your home Wi-Fi networks and a smart home hub, like an Amazon Echo or Apple HomePod.
  • Smart thermostats are another relatively inexpensive upgrade. Since heating and cooling are a significant cost to a homeowner these days, with the rise in global fuel prices having a knock-on effect on the cost of living, a smart thermostat can make a difference.
  • Smart locks are operated via a signal from an authorized device. This means you can lock and unlock a door without a key. It’s a useful bit of technology if you want to let a friend in while you are away from home. Smart locks are also ideal for Airbnb properties.
  • Smart blinds open and close according to the ambient light coming through the window. They are exceptionally useful when installed on skylight windows, which can’t easily be reached.

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Do Buyers Care About Smarthome Technology?

According to research carried out in 2020, by realtor.com, buyers are becoming increasingly interested in smart home tech and are more likely to view a home that has this technology in place. Realtors also believe that smart home technology is a useful marketing tool. Many are now adding smart home tech as a selling point in property listings.

Why do buyers care? Well, the fact that smart home automation solutions have strong eco-friendly credentials is a big attraction. Concern about global warming is growing, especially in younger generations. People want homes that have a lower impact on the environment and use less energy. The same study mentioned above also found that tech-savvy buyers aged 34 and under are willing to pay more for homes with smart technology.

Another factor that can make a difference is the additional security offered by smart home devices like smart locks and smart home security systems.



Does the Type of Tech Matter?

It is better to stick with well-known brands when installing smart technology. Buyers tend to recognize brands like Ring and Nest, so will feel comfortable buying a home that has tech from these brands. Make sure any installations are done correctly, preferably by a professional if you don’t the skillset. It’s pointless installing a smart lock if it doesn’t actually work.

Weigh up the pros and cons of installing smart home technology before you splash out, but in most cases, it is worth the additional cost, and you will get your money back when you find a buyer.




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FAQs

What are the Various devices used in smart homes?

There are many devices used in smart homes. Some of the most popular devices are the smart thermostat, the smart light switches, and the smart home security system. These devices allow you to control your temperature, turn lights on and off when you leave your house, and monitor your security footage from your home.

What is the minimum investment for a smart home system?

A smart home system can cost anywhere from $200 to $5,000. The price depends on the features and capabilities of the system. A good way to figure out how much a system will cost is to do an online search. There are many reputable companies that offer affordable home systems.

What are the benefits of using smart home technology?

There are many benefits to smart home technology. For example, it can save you time and energy by automating tasks that you often do manually. It can also help you monitor your home environment more closely and ensure that everything is running smoothly. In addition, it can provide security and privacy for you and your family.

What are the main features that make a smart home?

A smart home is a home that is equipped with features that make it easier to manage and control. Some of the features that are common in a smart home are advanced security systems, access control, and Internet of Things (IoT) capabilities. These features make it easier for the homeowner to manage their home from a remote location or from multiple devices. They can also help keep the homeowner comfortable by monitoring temperature, humidity, and air quality.

How do smart homes work?

Smart homes are homes that are controlled by an electronic device. This device can be a computer, a gaming console, or a phone. The device connects to the Internet and allows users to control various aspects of their home from a distance. Some popular smart home devices include thermostats, security cameras, and light switches.

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