Are you part of the 25 percent of people who own some kind of smart home product? If you’re not, you’ve probably at least heard about Amazon’s Alexa, if not seen its latest Super Bowl commercial.
What you might not have heard is that smart home technology is taking the real estate industry by storm. In fact, artificial intelligence and other smart home technology can actually increase the resale value of most homes – an important factor to consider now that more and more Millennials are buying homes and interested in smart, connected devices.
This trend makes sense. Smart home technology can increase energy efficiency, saving homeowners money on utility bills, while also providing eco-friendly perks. Combine money-saving with the added convenience of controlling your thermostat and connecting all of your media, to the safety and security of keyless entry, video doorbells and 24/7 monitoring, and it’s no wonder why so many homeowners are investing in this tech and making the switch to a smarter home.
Houzz also reported an increase in the desire for smart technology integration amongst home buyers, especially first-time buyers, in their 2017 Houzz and Home renovation overview. This came along with an increase in “green” energy and material trends, as well as improving the functionality of a home and alleviating health concerns, which can also all be addressed with the right smart technology.
Controlling every aspect of a home is so crucial to some home buyers, that integrating these systems can not only increase the overall market value of your home by 3-7 percent, but also speed up the time it takes to sell it. Need help deciding which tech to implement before you sell? According to A Lot Living, “the [automation systems] that can add the most value include whole house lighting control, automated door locks, temperature control that works from a phone, and security cameras, as well as home alarm systems.”
In a culture where people are busy and constantly connected, more and more home buyers are prioritizing the connectivity and convenience offered by home automation, artificial intelligence and other smart technology systems. So whether you’re looking to buy your first home or sell one you’ve had for a while, consider the benefits of a fully-automated home.