Some of this technology can figure out ways to have you save money over time. Smart homes can’t just have one feature to call it a smart home. A smart home has to have two or more technologies to call it a true smart home. A home with the Nest system alone isn’t a true smart home. Many products are widely available. Cellphone companies are even getting into the act.
Smart Homes are not for everyone. Before running out and researching smart home technology, you should think about a few things. Will your home technology become outdated before you sell? Who is your demographic that will be buying your home down the road? These are two things you should consider when putting in this technology. Real estate experts recommend asking this when renovating for long-term value. You also don’t want to invest in a system that is overly complicated.
The majority of the buyers in the market are baby boomers, millennials, and Generation X. One generation grew up with computers as friends, while the other two generations adopted computer technology later in life. Gen X and millennials tend to embrace smart homes, but baby boomers may not be as excited about them. They might even look at it as a negative. My parents prefer traditional controls, but I love using their iPhones to operate the stereo.
Selecting specific home controls for your smartphone is a good idea, but full integration might not be ideal. Technology that is green or saves you money is always a great idea. Modern heating systems learn your preferences and can track your energy costs. Smartening your home can boost its value, but it isn’t the only pricing factor.
Here are a few Statistics about Smart Technology
1) 46% of consumers want their current or next home to have smart home technology
2) In a poll of 4,000 Americans, 54% would consider adding smart home products to expedite their home sale.
3) Seventy percent of consumers add more smart features after experiencing the convenience it offers.
When aiming for the highest selling price, consult your local real estate agent and technology experts. It’s not only smart home tech that sells a home; factors like location, finishes, and local comps matter too. Staying up-to-date with trends without going all-in is often a wise approach. You don’t know who could be a future owner and you don’t know what will go out of fashion. In contrast to older homes, those with smart technology require additional precautions to protect privacy and security. Liking the former owner doesn’t mean you want them to have access to your new home.
Technology is constantly changing. Seeking advice from your local agent is smart; they assess buyer reactions to new tech and its value or “wow factor.” After determining your needs, you can DIY or hire an installer. Stay informed about tech security risks and seek online articles or experts for home protection.
Here is a short rundown of products
1) The Nest Thermostat learns your preferences, adapts heating, and can be controlled via smartphones. It offers system service alerts. You can install it yourself or request professional installation.
2) For example, Phillips HUE LED bulbs offer smartphone-controlled lighting. You can even control color, how much light.
3) Smart deadbolts like Eufy security smart lock. Open your smart lock via the Eufy Security app, using the keypad or physical key, from Apple Watch, or use your voice with Alexa/Google Voice Assistant.
4) Entertainment Centers, Apple TV, and SONOS both allow you to control streaming from music to movies. The setup is pretty easy. Apple TV, you can also mirror whatever is on your iPad to your TV Screen.
5) Wireless video and motion sensors can be used inside or outside, but check state privacy laws for outdoor use. Consider Nest if you already have their products.
6) You can find USB-equipped outlets online or at stores like Amazon, Lowe’s, and Home Depot for DIY installation.
7) Smoke and carbon detectors can alert you to fires, and low batteries, and be silenced via your phone from anywhere. Nest offers one, but there are many options available.
8) Home security companies offer alarm systems controllable via iPhone or iPad from anywhere.
9) Control your shades with a button touch or set them to adjust based on the time of day.
10) Manage your fridge and oven via smartphone or receive alerts when you run out of items.
If you have questions about this smart technology or current trends, contact me. Understand what buyers value to maximize your home’s selling price. At the very least, it could give you an advantage in the market.
Wow massive smart home products