Can Smart Home Tech Increase Your Home’s Resale Value?

Are you considering selling you home this year? If so, we have good news: People are buying! Low interest rates, growing families, and a desire for more space has resulted in the demand for new homes outgrowing the supply.

Even better, The Association of Realtors predicts housing prices will climb 8% in 2021 and 5.5% in 2022.

Anyone familiar with Guardian Protection knows how much we love smart home automation. So we asked the question, can smart home upgrades increase your home’s resale value?

The best smart home devices to attract new homebuyers

The  Forbes Real Estate Council identified smart home technology as one of the most desirable qualities in a home on the market. But smart home tech is a great, big world of possibilities. So, we decided to dig into the specifics of what kind of smart home options homebuyers are really looking for.

Here’s just a few highlights of what we learned:

More and more people want smart home tech, especially during the pandemic.

People are willing to pay more for homes outfitted with smart home devices like video doorbells, smart lights, and smart thermostats.

Smart security systems topped the list of desirable smart home features.

Homebuyers prioritize safety and convenience

In a time filled with so much uncertainty — and a lot of time at home — it’s no surprise that people are prioritizing the comfort and safety of their homes. Findings from a Realtor.com and YouGov survey made this apparent.

A quarter of people surveyed said they are more interested in smart home technology now that they’re spending more time at home, and 41% of smart home technology owners have bought at least one device or feature (like a video doorbell camera) since the pandemic began.

Consumers are particularly interested in smart features that make homes safer — so consider a smart home security system. If you already have a security system, integrating smart devices can make your home even more attractive to buyers.

If you already have a security system, integrating smart devices can make your home even more attractive to buyers.

Energy-saving and environmentally-friendly homes wanted

A green, energy-efficient home is high on the priority list for homebuyers. According to the Realtor survey, consumers are willing to spend more on environmentally-friendly features that can possibly save them money in the future, like smart home thermostats and solar roof tiles.

Smart home upgrades don’t have to break the bank

Smart home modifications don’t necessarily have to be elaborate or pricey. Many affordable home automation devices are both aesthetically pleasing (read: they look cool) and easy to use. This last bit is key, because homebuyers won’t value what they don’t understand. And if the device lends itself to demonstration when the house is being shown, even better.

The video doorbell is another great example of a demonstrable smart home automation device that’s both desirable to homebuyers and easy to use — plus, more advanced users can get even more bang for their buck. According to a National Association of Home Builders’ (NAHB) survey, “What Home Buyers Really Want,” 45% of new and prospective homeowners wanted a video doorbell.

Which smart home features should I add to my home?

You should always take the specifics of your home into consideration when deciding which smart home features will add the most value to your home’s resale value. Ask the following questions:

  1. What demographic will be looking for a home in my neighborhood?
  2. What devices are likely to appeal to my buyers?
  3. Does my home’s layout support these modifications?
  4. Do the devices I’m installing talk to each other? Am I giving the buyer room to grow if they want to add more?

Your realtor should be able to provide the answers to questions one and two. For three and four, give Guardian a call at 1.800.PROTECT (1.800.776.8328). We can help assess your home’s specific needs and explain your best options.

Sources: Association of Realtors; Realtor.com; National Association of Home Builders; Forbes Real Estate Council

The post Can Smart Home Tech Increase Your Home’s Resale Value? appeared first on Guardian Protection Website.



source https://guardianprotection.com/blog/can-smart-home-features-boost-a-homes-resale-value/

Comments

Post a Comment

Popular posts from this blog

CEDIA elects Level Up Automation CEO Jennifer Mallett along with Stephen Goodhue and James Ratcliffe to its Board of Directors

  CEDIA  is the leading global trade association for smart home technology, serving more than 4000 members, 30000 professionals from 77 countries. CEDIA   announces three newly elected directors who will join the CEDIA board of directors for the 2023-2025 term: Stephan Goodhue, Jennifer Mallett and James Ratcliffe. “Stephan, Jen, and James bring an abundance of home technology experience and much-needed, fresh perspectives to the board,” said David Weinstein, chair of the CEDIA board of directors. “Their resumes are impressive, and their strategic visions for the association’s future made them stand out among a large pool of qualified nominees. I look forward to working with them to best serve the needs of our members and to advance the industry.” James Ratcliffe is the managing director of Homeplay, based in Sunbury-on-Thames in the U.K. James began his career in home technology and developed a passion for music, sound and electronics when he joined a hi-fi store at the age of 14.
Read more

Level Up Automation donates $1,200 all girls robotics team compete in World Championships

Image
Level Up Automation has donated $1,200 to support Zetabots, an all girl robotics team to go to World Robotics championships in Texas.  The Zetabots is a team of 5 girls who have never competed in robotics until this year. The team is comprised of two fifth graders Lilly  and Kaitlyn  and three fourth graders Gabrielle, Molly and Hammelin.  They will compete at the Vex IQ Worlds Competition taking place in Dallas May 10-12th where 600 teams from around the world will strategize with alliance partners, drive, and program to show what they and their robot can do. And appropriately, Team Zetabots has named their robot She-Ra, the  fictional superheroine in the 1985 Filmation series She-Ra: Princess of Power. The team formed in September and began designing and building She-Ra from the ground up.   They went to their first competition of the season with their robot barely functioning.  They scored zero points.  While many people would feel defeated, week after week team Zetabots wor
Read more

Video Doorbell Shopping Guide: Questions to Consider Before Buying

Image
Video doorbells. If you’ve seen one, you’ve seen them all right? Wrong! Like all important purchases, there’s a lot to consider when shopping for a front door security camera. Here’s the questions you should be asking before you buy. What is the best video doorbell? There are many video doorbell options available for consumers today including — Ring Video Doorbell, Guardian Protection Video Doorbell Pro , Eufy Security Video Doorbell, RemoBell Video Doorbell, Arlo Video Doorbell, and others. Many believe the best video doorbell is one that is reliable in extreme weather conditions, has a full view of vision, offer a touchless ring option, and is integrated with a full suite of professional security monitoring.  Can a doorbell cam really prevent burglary and make you safer? No security device can guarantee 100% protection — any claims otherwise are misleading. However, research indicates that a video doorbell camera can help make your home safer and deter burglars. When paired w
Read more