5 Smart Technologies That Will Increase Your Homes Value
- Juan Castro
- Apr 28, 2023
- 3 min read
Smart home technology has become increasingly popular in recent years as homeowners seek to improve their quality of life, enhance security, and reduce energy costs. In fact, a Coldwell Banker survey found that 77% of homebuyers want pre-installed smart home devices in their next property [1]. As a result, integrating smart home technology can significantly increase your property's value and appeal to potential buyers. In this blog post, we will discuss various smart home technologies and how they can help maximize your property's value.
1. Energy-efficient smart thermostats
One of the easiest ways to start implementing smart home technology is by installing a smart thermostat. These devices learn your daily routine and adjust the temperature accordingly, helping you save on energy costs. According to a study by the National Association of Home Builders (NAHB), installing a smart thermostat can save up to 10-12% on heating and 15% on cooling [2]. This energy efficiency can be a major selling point for potential buyers.
2. Smart lighting systems
Smart lighting systems not only help save energy but also allow homeowners to customize the ambiance of their home. By installing smart light bulbs, you can control the brightness and color of your lights remotely or through voice commands. A study conducted by Navigant Research estimates that the global smart lighting market will grow to $8.5 billion by 2030, making it an attractive feature for potential buyers [3].
Example: Philips Hue, LIFX
3. Smart security systems
Home security is a top concern for many buyers, and incorporating smart security systems can significantly boost your property's value. A survey by Wakefield Research found that 81% of homebuyers would be more likely to buy a home with smart security features [4]. Smart doorbells, like Ring or Nest Hello, allow homeowners to see and speak to visitors remotely. Additionally, smart locks can be controlled through smartphones, providing an extra layer of security and convenience.
Example: Ring, Nest Hello, August Smart Lock
4. Smart home hubs and voice assistants
A smart home hub acts as the central command center for all your smart home devices. Voice assistants, such as Amazon Alexa or Google Assistant, can be integrated into these hubs, allowing homeowners to control their devices through voice commands. According to a report by Juniper Research, voice assistant usage is expected to triple by 2023, making this feature highly desirable for tech-savvy buyers [5].
Example: Amazon Echo, Google Nest Hub
5. Smart appliances
Upgrading your appliances to smart versions can increase your property's value and appeal to potential buyers. Smart appliances, like refrigerators, washing machines, and ovens, can be controlled remotely and often provide additional features that enhance convenience and efficiency. A report by MarketsandMarkets projects that the global smart appliances market will reach $49.12 billion by 2027, indicating the growing demand for these devices [6].
Incorporating smart home technology can not only improve your quality of life but also significantly increase your property's value. By integrating energy-efficient smart thermostats, smart lighting systems, smart security systems, smart home hubs, and smart appliances, you can create a modern, convenient, and secure living space that will attract potential buyers. As technology continues to advance, smart home features are becoming an essential aspect of modern living, making them a worthwhile investment for any homeowner.
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