Monday, March 5, 2018 / by Paul Wolfert
Can Automation Improve Home Value?
Smart homes are quickly becoming the future of real estate. Between enhanced security and automated actions, the possibilities are endless for what is to come. With these features quickly finding their ways into newer homes, home values are likely to reflect whether or not these features are integrated.
The advent of smart locks and cloud security cameras has taken home security to a new level. By automating the simple action of locking a door, homeowners get peace of mind in knowing that they never left their door unlocked, and the added benefit of being able to let people in even if they are not home. The ability of cameras to report information to the cloud allows for the reporting of suspicious activity when someone is not at home. These features are especially important in areas where crime rates may be higher, and homes with these features already equipped are likely to valued at higher prices than those without automated security. The modern homeowner wants to make sure that their house is protected.
Smart thermostats and smart power outlets allow users to easily manipulate when and how their homes consume energy. A smart thermostat is able to learn from user actions over time to meet energy goals. Smart thermostats are also able to track energy consumption and give users data about how their home heats. Smart power outlets allow users to control different appliances remotely, thereby ensuring that something is never accidentally left on. They can also be put on schedules, so that things such as lights are never left on longer than they should be, or at times when they are meant to be off. They can also simulate activity in an empty home during vacations or other extended trips.
The power savings offered from automated electrical devices offers a great deal of value to homes, as homeowners look for different ways to save on energy costs while simultaneously making energy management easier. The convenience of remote control of electrical appliances is something that traditional homes simply cannot match.
Home automation also adds a great deal of customizability to a house. By integrating programmable features to a home, users are able to determine how a house operates at a very minute level of detail. By automating basic functions like temperature, security, and lighting with smart home technology, homeowners are able to put less effort into maintenance. This additional control and ease of life is something that adds a great deal of value, especially when one looks at similar homes that lack automation. The simple acts of flipping a switch and setting a thermostat are becoming a thing of the past as homeowners now have the ability to program their homes to do exactly what they want them to do.
Home automation is likely to become a standard feature in homes at some point in the near future. As such, real estate prices will reflect whether or not a home has automation incorporated. Homebuyers are looking for modern homes that can be controlled through their mobile devices and other digital means.