As the real estate industry becomes more competitive than ever, it became crucial for investors to keep furnishing their homes with the latest trends. The last couple of years were all about energy efficiency which motivated manufacturers to launch improved windows, upgraded roofs, better insulation and- most innovating-smart home improvements.
Nowadays, energy efficiency ultimately merged with smart technology, so the emphasis is now on home automation and monitoring. These two provide households with way more convenience, comfort, energy savings, and security. Therefore, 21st-century buyers demand 21st style home; smart properties sell faster and at a higher cost. So, it is highly recommended for sellers to explore smart home investing.
Smart Value Property
Various reports and studies showed that more than half of buyers would choose home upgraded by smart technology over a conventional housing. Smart buildings and homes spent notably less time on the market as consumers seek specifically for modern, automated properties. Smart is not only for those ranking in cash. Even buyers on the budget realize how profitable smart solutions are from a long term perspective.
All About Automation; what to invest in?
Recognizing main pros of smart products is effortless. Let’s face it; smart thermostats offer not only prominent energy savings but upgraded comfort. They monitor temperature and humidity outdoors and adjust homes temperature according to collected data. All that- and they can be controlled via your smartphone!
For instance, smart doorbells or smart safety cameras allow homeowners to know and see how is approaching to their property even when they are on vacation. This is incredibly convenient and helpful when children start being on their own while parents are working. Another useful improvement is smart locks that are controlled by familiar voice and not by key or hands. Smart locks send automatic info to homeowners smartphone about who entered or left their home.
Smart lighting, automatic water sprinklers, and intelligent cooling, heating, ventilation system/HVAC also represent highly energy efficient options. Smart lighting accommodates intensity of light to the outside daylight which results in better convenience and money savings. Therefore, even the smallest smart home improvements provide a premium home upgrade.
How much does it all cost?
When it comes to furnishing home with smart tech, there are major differences between each upgrade. Therefore, it all depends on what homeowners prefer. A smart thermostat can cost just below 100 dollars while the intelligent, smart system is an investment of about 300 dollars. These recommend affordable smart options that will last for a long time and be profitable from that point of view.
On the other hand, there are upgrades worth thousands of dollars. Complete home automation can take tens thousands of dollars. However, you don’t need to make your entire home one big system in order to get the best of technology. This is why smart tech is considered flexible- it can be modified to everyone’s possibilities and needs.
This is only the beginning of smart home technology. The offer has broadened significantly over the last couple of years, so now when internet connectivity is at its peak, we can expect a lot more. Smart technology will alter not only our lives ( which it already did to some degree) but many industry and commerce fields.
Real estate is no different; the market will continue to push sellers to invest into smart products as buyers seek automated homes more and more. The competition might be higher, but it is easy to stand out as there is an abundance of smart technology options– the effect won’t be easy if you equip the property with solar panels, thermostat or smart security system.Never miss an episode of our real estate podcast. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to install our iOS App. For your Android Devices, click here to install our Android App. Check my videos on Youtube