Does Home Automation Increase a Home's Market Value?

Convenience Is Highly Sought After

Home automation systems offer a degree of convenience and control that appeals to prospective home buyers across demographics and age groups. According to Coldwell Banker, voice control is especially sought after, with more than half of survey respondents sharing that the top reason they used voice control functionality was for easy access to entertainment.

From controlling the thermostat to turning on lights and selecting what to watch, automation systems make things easier for homeowners, which drives up home values.

Home Automation Systems Integrate with Devices

These systems, along with being convenient and helpful, have also future-proofed themselves. Instead of being tied to any one particular device or operating system, most home automation systems can be controlled remotely from any device that has admin access. Even as future homeowners upgrade their phones and add new devices to the system, the overall functionality will remain largely the same.

Safety Systems Sell Well and Provide Peace of Mind

As smart security features like video doorbells and remote-controllable cameras become commonplace, it’s clear that homeowners are willing to pay more to ensure their peace of mind. Many of these systems allow users to check in on video and audio feeds directly from their devices no matter where they are. Value like that will always appeal to prospective buyers.

Automated Systems Are Environmentally Friendly

While in the past, homeowners would have to set their thermostat before leaving and readjust it as needed once they got home, home automation systems now allow users to adjust smart thermostats remotely, saving them a significant amount on their energy bills while also staying environmentally friendly.

Newer automation systems even allow for integration with solar panels on your roof, providing homeowners with even more sustainable options (and the potential for higher home value).

This Solution Has a Very High ROI

To the uninitiated, a home automation system can seem out of reach from a price perspective. It’s important to keep in mind that this type of solution can be completely customized and added to as time goes on.

You might start with some inexpensive solutions like automated flood lights outside your home, along with a video doorbell. From there, you could later add a smart thermostat as well as an alarm system. Thanks to the perceived (and real) value of a home automation system, the increase in your appraisal will likely be many times higher than the initial cost of the system.

Your System Can and Should Tailor to the Needs of Your Area

Another great aspect of installing a home automation system is that you can specifically tailor features to suit both your needs as well as the needs of any future buyers. You can change out the specific devices you incorporate into your system based on current needs at the time you

As with all other home selling matters, it’s always best to check with a real estate agent to discuss the specifics of your particular situation.

Conclusion

One of the easiest and most tech-savvy ways of raising your home’s market value is to invest in a home automation system. With solutions that range from temperature and light control to security, comfort, and easy access to entertainment, there’s no better way to future-proof your home and get the biggest bang for your buck.

Sources

• https://blog.coldwellbanker.com/2017-smart-home-marketplace-survey/?kbid=62750