Home Automation – The Latest Trend Affecting the Value of Real Estate
Today’s tech-savvy home buyers seek more than a new roof and a two-car garage. They want modern amenities and high-tech options. To make your home more desirable, few things can compete with the Irresistible features of home automation. It may surprise you to learn that younger and older individuals both value technology equally, although for different reasons. Home automation is currently one of the top trends affecting the value of real estate.
What is home automation?
This umbrella term refers to intelligent systems and devices that make life easier, save money, and Increase safety and security for the homeowner. Currently, the most popular home automation systems include:
The above listed are fairly simple to integrate into your home. If you are interested in more complex systems, the following are excellent options.
Why implement home automation?
This is not a passing fad. It is estimated that by the year 2020. over 30 billion devices will be connected to the IOT (Internet of things.) In a recent study, 90% of respondents said they would purchase a smart home for the primary reasons of safety and security. Younger people tend to want home automation for convenience and comfort, while the older generations focus on safety. You may be surprised to learn that individuals over the age of 60 own more smart home tech than the millennial demographic. Additionally, 45% of current homeowne rs save money due to home automation, with average savings of $1100 annually.
Increasing Property Value
Home automation systems can raise property value enormously. Homeowners experience lower maintenance costs and insurance premiums. Furthermore, home sellers are able to sell their homes at increased prices, as home buyers expect to pay more for high-tech systems and upgrades. Intelligent home technology is a solid investment, providing immediate and long-term financial rewards.
How to Implement Intelligent Technology into a Home
Depending on your budget and needs, you can begin with individual smart devices or select a comprehensive home automation system. It is important that you thoroughly research any technologies you are considering. It may be tempting to purchase a cheaper device. However, you will likely sacrifice quality. Remember that this is a long-term investment, so you want reliability and quality. If you are a tech-savvy individual, you can probably install and integrate home automation devices yourself. If not, or if you choose more complicated systems, you may need to hire a professional to help with the setup and installation.
If you are looking for new ways to improve your property value, consider adding home automation systems. Attractive landscaping may add curb appeal, , but smart devices increase the value as well as appeal. In a world where technology dominates our lives, it is logical that it would play a role in home ownership. The ROI for smart technology devices in your home is tremendous. This trend is sweeping the nation, and is not likely to slow down anytime soon, as we become increasingly connected to each other and the Internet of things.
At Kaufman Realty & Auctions, we enjoy providing Pro-Tips and insights for real estate owners in Ohio, West Virginia and Western Pennsylvania. Properly cared for real estate can be an excellent investment as well as provide enjoyment that goes far beyond dollars and cents. If you have questions about what is best for you real estate please contact us.
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