It is a well-established fact in real estate that making the right home improvements leads to an increase in property value. Incorporating home automation into their property is the go-to option for homeowners looking to sell their homes at the best price in the current market.
This article will explore the best home automation improvements homeowners should consider and how to market these improvements to potential buyers.
Understanding What Buyers Want
Not all home improvements are made equal. In fact, making the wrong improvements can lead to your property losing value. As reported by MediaPost, 69% of US households have at least one smart home device. The most popular options are audio-video devices, security tools, and energy management devices. Given the growing popularity of smart homes, it’s imperative that your property at least has one if not more of these improvements.
Benefits of Smart Home Improvements
In this section, we explore in-depth each of the popular smart home improvements homeowners should consider. Additionally, the benefits provided can be included in your home listing and shared with buyers during visits to receive more offers.
Home Security Systems
While cameras have been on the market for a while, newer home security systems provide the functionality of controlling cameras remotely using a mobile phone or tablet. Whether you’re at work and the kids are home alone, or you’ve gone for a long vacation and left the home vacant, a home security system ensures that the property is always secured.
Along with cameras, your security system can include remote controllable lights and curtains, which can create the idea that someone is home even when they’re not. This helps to keep intruders at bay and reduce the chances of break-ins.
Energy Efficient Fixtures
LED lights, smart thermostats, and boilers are the basics that any smart home must have. Having these fixtures can significantly reduce energy consumption, especially for properties located in areas that have harsh winters or summers. For instance, with a smart thermostat, one can set the required temperature without worrying about managing it. The system will automatically stop utilizing electricity to cool/heat the home once the temperature is reached.
Additionally, timers can also be set to ensure that your home is adequately cooled or warmed by the time you reach home from work. This prevents having to run the system higher/lower than required temperatures once you’re indoors.
Modern Kitchen Improvements
Your kitchen will be one of the biggest factors in the home selling process. Modern kitchen appliances help increase property value and act as a magnet for interested buyers. The best appliances to have include an automated coffee maker, an energy-efficient refrigerator, and an oven.
Making Smart Home Improvements
While the benefits provided by smart improvements are numerous, they do come at a cost. Hence, the best approach is to create a budget, find products in your desired range and add them to the home in a planned manner.
Remember to take before-and-after photos and save receipts for all improvements you make. An appraiser will request these documents when calculating your home’s new value as part of the home selling process. If you’re planning on selling your home, you can view online listings in your area to determine what types of smart home upgrades sellers are prioritizing.
Making smart home improvements increase your property’s practicality, convenience, and value. With the right improvements, your home can stand out in the market, attract more buyers and result in a higher selling price.
