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 (especially in the Lake Norman area in cities like Mooresville, Huntersville and Denver!) and interested in smart, connected devices.
It makes sense that this trend comes at a time of peak interest in “green” technology and endless connectivity. 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 everything from your thermostat to 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.
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 trends, as well as improving the overall functionality of a home and alleviating health concerns, which can also all be addressed with the right combination of technology.
Controlling every aspect of a home is such a priority to some home buyers that integrating these systems can not only increase the overall market value of your home by up to 7 percent, but also speed up the time it takes to sell it. If you need help deciding which tech to implement before you sell, A Lot Living says “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 of busy and constantly-connected people, more home buyers are prioritizing the connectivity and convenience offered by smart home technology systems. So whether you’re looking to buy your first home or sell one you’ve lived in for years, consider the benefits of a fully-automated home.