How Smart Technology Boosts the Value of Your Home

There’s no doubt that a home filled with smart technology is worth a lot more. If you have the most basic technology built into your home, reports suggest that the value of your home will go up by 5%. However, the most advanced automation systems increase a property’s value by 35%. Here are three ways.

Smart Technology Boosts The Value of Your Home

Creating a Luxury Home

Smart homes are becoming more popular than the norm. This gives your home an air of luxury, which helps your home stand out from the competition. This is the equivalent of popping a swimming pool in the garden. Since many people don’t have one, it instantly attracts attention to your property.

More attention means more bids and, therefore, tends to lead to your home selling at a far higher price. So while the smart technology itself may only cost a few thousand dollars, it could add tens of thousands to the value of your property. But, again, this is largely due to the perception of luxury that you’re instilling.

Creating Efficiency

House hunters will pay more for a property if they feel that savings are to be made down the road. That’s why insulated homes tend to sell for far higher prices than non-insulated homes. Buyers know that their savings on heating and air conditioning will make up for the extra cash being handed over upfront.

The same effect happens when you use smart technology. This kind of tech is efficient, meaning it can lower bills substantially. For example, a recent study found that smart thermostats alone can save you 12% on heating and 15% on cooling. If a buyer knows this, then they’ll be willing to pay more for your home to save money in the long run.

Raising the Value of Rundown Properties

Technology integrated into a home instantly increases its value, which can help offset some other areas of damage. For instance, perhaps your home has cracked walls, poor insulation, or leaking pipes. Unfortunately, these can cost a fortune to fix. Repairs can also take a long time, which isn’t ideal if you’re in a rush to sell your home.

Rather than trying to fix these problems, you could install some smart technology. This makes your home more desirable while being a quick, cheap, and easy improvement to make. You can then sell your home without making the repairs. For instance, residents of Tennessee can sell a house as is in Memphis to quickly find a buyer without going through the lengthy repair process.

If you want to sell your home for a good price, then it may be worth thinking about installing automation technology. This increases the appeal of your home, attracting bids while also improving efficiency, which so many buyers care about. Even a rundown property can be enhanced with some tech additions. To create an IoT home today and watch its market value rise.

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