Repainting the walls, updating the kitchen and bathroom with bathroom vanity units, replacing the hot water heater—there are ways to increase your home’s value that stand the test of time.
Smart home technology is becoming a bigger factor for buyers, especially younger buyers, and it’s not hard to see why. Things like smart appliances, high-efficiency lighting, and programmable thermostats aren’t only convenient, but they also save you money on utility bills! Lucky for sellers, smart home technology is pretty affordable compared to other value-boosting projects and can increase your home’s resale value by a few percentage points.
Whether you’re selling your home soon and looking to get top dollar or just curious about your options, take a look at our guide to the top smart home technology.
Pretty much every appliance in your home has a “smart” option—refrigerators, washers and dryers, faucets, ovens, you name it. Smart fridges can self-adjust the temperature and create grocery lists, smart ovens allow you to check how much time is left from your phone and preprogram recipes, and smart washers will run during the most cost-effective time of day.
As far as what to install, you don’t have to replace every appliance with a smart version, but think of what’s most practical. Since kitchens and bathrooms are priorities for buyers, consider replacing the fridge, oven, or faucets.
Smart Security System & Locks
Installing a smart security system is one of the most popular smart improvements you can make You can also install CCTV surveillance for security purposes, For useful reference click here.
The security includes anything from IP security cameras that upload footage to a virtual database to locks enabled by wifi. Some companies, like Nest and Ring, offer bundle packages with alarms, cameras, and smart doorbells. Since security is such a high priority for buyers, these systems will likely show one of the highest returns on your investment. We have wifi-compatible garage door openers and can open and close our garage doors from most anywhere. Since our garage is detached, I find this option very useful in bad weather to open the garage doors before stepping outside.
You know those lights that turn on when you clap? This is the next level. Not only can smart lighting be controlled via apps, but it can also be set to trigger under certain conditions, like when you walk by or when you leave for work. Forget to switch the lights off before leaving? No problem—you can just turn them off from your phone! We also have a low voltage lighting system in our home and can turn on selected lights from the garage to the bedroom from our cars. Handy when coming home in the dark.
Buying a home is a big investment, so if you can show potential buyers how your home can help save them money, it’s going to make your property that much more desirable. According to studies conducted by major smart thermostat providers like Ecobee and Nest, homeowners saved 23% in heating and cooling costs (Ecobee) and around $150 annually (Nest). One reason is that digital thermostats are much more accurate than the old ones that rely on a spring expanding and contracting to operate or a tube of mercury inside. If you have one of these types, changing to a digital thermostat will pay for itself very quickly.
Smart independent blinds and awnings are a little more of a cosmetic perk for buyers, but they do have their money-saving benefits. You can set the shades to open or close based on peak sunlight times or the temperature of your home, which saves a few extra dollars on heating and cooling here and there. They also add an extra layer of security and convenience to the home, both of which are big selling points for today’s buyers.
Depending on the model you get, you can control your smart shades through an app, a smart hub, or even just your voice. You can even coordinate them with other smart features in your home, like the lighting or smoke detectors!
Check out options like the Serena smart shade by Lutron, the Pella Insynctive line, or Ikea’s upcoming August line.
Getting Ready to List Your Home?
While smart home technology might be one of the most popular ways to up your home’s value right now, there are plenty of other options. Give us a call, and we’ll be more than happy to walk through your home and recommend a few value-boosting improvements!