03. May 2023

Does investing in smart home technology increase your property value?

Does investing in smart home technology increase your property value?
Does investing in smart home technology increase your property value?

Smart technology undoubtedly adds comfort and convenience to the living situation of homeowners. Smart home applications therefore have the potential to seriously upgrade your property’s value. A few conditions to keep in mind: opt for open source brands and integrate a smart home system that’s highly rated in today’s housing market.

A homebuyer looks for a secure and energy-efficient home

In general, people are willing to pay more for a smart system rather than a few loose devices. For example, instead of installing a smart video doorbell and a few motion sensors it’s much more beneficial for your convenience as well as the value of your real estate to invest in a fully equipped security system. That way you don’t leave your potential buyers confused.

You may wonder, what smart applications are most important in the tough decision process of buying a home? 

Turns out that home security takes first place by a landslide. Motion sensors, cameras, alarms, smart locks and doorbells… 

They all ensure a sense of safety and as a result seem to be worth investing in for many homeowners.

Next to home security, energy efficiency comes in close second. As life becomes more expensive, the first measure people adopt is cutting down on their energy usage and costs. Being able to manage your energy consumption in a smart way - meaning easy and remotely - has an incredible value. An extra investment in energy management application upon buying a new house today, will in the long run literally pay off.

Keep automation opportunities open

A new home represents a fresh start. People don’t like to be limited in the opportunities that their private space offers/can offer, especially with today’s housing prices. Best to show potential buyers that they can remodel their future home completely to their own liking, also when it comes to smart devices. Does your property offer the possibility of elaborating on or adjusting the existing infrastructure and hardware?

Avoid investing in closed source brands, as they don’t allow homeowners to mix and match smart technologies of different brands. Compatibility plays a major role in personalizing a smart home, especially across different owners.

Impressed at first sight: an activated voice control hub

Voice controls don’t necessarily add significant value to your property. Then why do we even bother mentioning it? Well, research has shown that a successful demonstration of a smart speaker application plays a prominent role in the sales period. 

Your real estate agent shows potential buyers the benefits and convenience they will gain upon buying the house. Even when you’re taking the voice control hub with you, new owners are very likely to install a new system. At least when the automation opportunities were a deciding factor.

Building a smart home should first and foremost always have you and your family’s interests and comfort at heart, but it’s nice to know that adding smart technology to your property has the possibility of increasing its reselling value. Today’s real estate market doesn’t offer a lot of smart homes, but it’s predicted that it will grow as the demand rises. Bright prospects ahead, are you joining the trend?

Social Share:

    • Highlights