Are smart homes worth more on the resale market? The simple answer is, “Yes!”
Smart tech can increase your home value in several different ways, some of which will only get better with time.
Read on to learn about how smart home technology can increase your home value. And when you’re ready to invest in your very own smart home, you can reach out to our Harlingen smart home builders to make your dream home a reality!
How Much Can Smart Technology Increase Home Value?
Since we’ve already told you that smart technology can increase home value, you’re probably wondering exactly by how much. Unfortunately, there isn’t an exact answer. While some claim that smart tech can increase home value by 5%, Consumer Reports argues that bringing your home technology into the smart age can help increase its value by a whopping 35%.
Basically, while it’s easy to throw out percentages, the truth is that smart tech can both raise your sale price, and make that sale happen sooner. However, the exact cash-in-pocket increase will vary.
How Interested Are Homebuyers in a Smart Tech-Optimized Home?
As we hinted above, one of the primary factors in the increased value of smart homes is the increased demand for these sorts of houses. All of us are becoming much more attached to our technology, and we’re becoming more aware of the ways in which that technology can improve our lives while we’re at home.
This isn’t just conjecture, the data supports it. Since 2016, spending on smart home systems has more than doubled, reaching $158 billion in 2020. As smart home technology becomes more common, home buyers are starting to expect and prefer smart homes.
Again, this isn’t just a hopeful guess. In 2018, 77% of homebuyers said they wanted a smart thermostat installed, 75% wanted a smart thermostat, 66% wanted smart cameras, and 63% wanted smart lighting systems. These percentages are likely to only increase as time goes on.
How Smart Homes Can Save You Money
Finally, smart home technology can increase home value by keeping a home safe. Whether you’re living in your smart home or putting it on the market, you need to know that your property is safe and secure.
Equipping your home with smart safety systems like smart cameras and locks can help you monitor the property even when you aren’t there. These improvements are also likely to increase homebuyer interest in your property.
A similar argument can be made regarding smart thermostats, EVAC, and water systems. Whether you’re living in the home or not, these systems will allow you to adjust your home’s energy usage and make sure you aren’t wasting electricity.
Those same savings are also likely to be very attractive to potential buyers.
Find Your Perfect Harlingen Smart Home with Smart Home Construction
While smart technology can certainly help boost your home value, that’s just a small part of all of the benefits a smart home has to offer. If you want to learn more about all of the ways that a smart home can improve your life, reach out to our team of smart home experts at Smart Home Construction in Harlingen.
Whether you’re looking to upgrade your house or you’re hoping to design your own smart home from the ground up, we have the experience and know-how to meet all of your smart home needs.
