Smart Homes Help Homes Sell Faster
Are you thinking of equipping your home with “smart” technology such as thermostats that automatically adjust the temperature, wireless video surveillance systems and doors you can lock and unlock via your smartphone or tablet even when you’re at work or on vacation? Then you’re probably also pondering this important question: Are smart homes worth it? In addition to improving the quality of life, do smart homes sell faster and for more money than traditional homes?
Are “Connected” Homes Better Homes?
Several survey findings seem to indicate that smart homes are the wave of the future, which essentially means homes containing smart gadgets and systems are likely to become increasingly popular with homebuyers in the years to come. According to a survey conducted by Better Homes and Gardens magazine, 64 percent of millennials — classified as individuals born from 1982 to 2004 — indicated that smart technology makes a home much safer and more enjoyable to live in.
As far as whether millennials believe smart home technology is a wise investment, the BH & G survey points out that 57 percent believe this to be the case, compared to only 35 percent of the respondents who were age 55 and older. Additionally, 59 percent of millennials stated that smart home technology could easily be integrated into their lifestyles, while only 29 percent of the 55+ crowd thought this to be true.
So, do smart homes sell faster? When one considers that millennials represent the next generation of home buyers, it stands to reason that you are likely to sell your home faster if it includes smart technology, especially if it’s located in a city or neighborhood that appeals to the younger generation.
What Are the Most Popular Smart Devices?
What types of smart devices are prospective home buyers looking for these days? According to a 2015 survey of 4,000 U.S. consumers conducted by Coldwell Banker Real Estate, when asked what they considered to be smart technology, the leading choices were security devices such as alarms and locks (63 percent), lighting systems (58 percent) and safety gadgets (56 percent). The top smart technology currently found in homes was entertainment products including television and speaker systems.
Does Smart Technology Increase a Home’s Market Value?
The consensus among many real estate professionals is that, unlike traditional home improvements such as adding a bedroom or remodeling a bathroom, smart technology may not necessarily boost the sale price of a home. However, it can make a home more attractive to buyers who are seeking these features so they can live more comfortably and reduce their energy costs — and that can give a smart home an important competitive advantage in the marketplace, allowing it to sell faster.
Contact Titan Alarm, Inc. to Transform Your Home Into a Smart Home
If you own a home in the Phoenix, AZ area, Titan Alarm can work with you to create a fully integrated smart home featuring the latest smart technologies. Contact us to schedule a no-obligation in-home consultation today.
Learn More About Smart Home Technology
- How To Create A Smart Home
- How To Outsmart A Burglar With Technology
- Keep Your Home Safe Over The Holidays
Updated by Titan Alarm on November 5, 2018.