Mark Lemmons Group

Five Smart Home Technologies to Increase Market Value

Looking for ways to add value to your home before listing it on the market? Consider installing some smart home technology. Smart home technology can definitely increase market value. In fact, appraisers make special “adjustments” when comparing technology-enabled homes with similar technology-deficient homes. In recent polls, the majority of real estate agents believe homes equipped with technology and automation sell faster than homes without. The key is having smart products installed and fully functioning before your home is listed. Keep reading for my top five smart technologies to consider adding to your home before placing it on the market.

  1. Smart Kitchen Appliances

 

The kitchen is usually the first space in a home a potential buyer will notice. It sets the tone for the rest of the house and makes a lasting impression on the buyer. The possibilities are endless when it comes to smart appliances in the kitchen. The Samsung Family Hubrefrigerator comes with a touchscreen that connects to wifi and allows you to order groceries online. It also has the capability of sending a photo to your phone of the inside of your refrigerator while you’re at the grocery store so you can make sure you don’t forget anything! Different smart ovens connect with apps which enable users to control the oven’s power button when away from home. This rids you of any anxiety about ever leaving your oven on! Many more smart kitchen appliances are on the market including dishwashers, faucets, microwaves, and more! Do a search on what is best for your home and budget when it comes to upgrading your kitchen appliances to be “smart.”

  1. Smart Home Security System

 

According to recent surveys, nearly 40% of buyers ask about smart home security. Give potential buyers the peace of mind knowing your home is safe with a top of the line security system. Various security systems on the market these days offer motion detection, cameras, and phone notifications. From the convenience of their smartphone, a homeowner can see who is at their front door (or wherever else they choose to place such a camera) without having to be physically present in the home. Some systems even allow voice communication, meaning the guest at your front door can chat with you from your phone. No more getting up from the couch to see who is ringing the doorbell!

  1. Smart Lighting

 

Arguably the most easy and affordable way to step into smart home technology is through the use of smart light bulbs. You can simply replace a few light bulbs and suddenly have “smart lighting.” Smart light bulbs connect to your phone and enable you to control the lighting with a few taps from your finger. Some can even link to your smartwatch or voice command technologies such as Alexa. Smart LED light bulbs are appealing to buyers not only for the convenience factor, but cost savings. They can save up to 75% more energy! Your real estate agent can help you do the math to communicate potential energy bill savings to showcase to buyers!

  1. Smart Thermostat 

 

Another affordable option for upgrading the technology in your home is replacing your outdated thermostat with a smart one. Smart thermostats are easy to use and contain impressive customization features. Several smart thermostats “learn” from the temperature adjustments made to them over time, and begin making these adjustments on their own. For example, if you tend to have the temperature turned up higher during the day and lower at night, your thermostat can begin automatically adjusting the temperature over time. It can also turn down your heat or air conditioning once you’ve left the house. And of course, many smart thermostats are also complete with apps for smartphones to control the temperature of your home away from home.

  1. Smart Sprinkler System

A sprinkler system alone is an added bonus to a property. Having a smart sprinkler system is an additional “win” and provides yet another way to advertise savings to your buyers. It’s estimated that using a smart sprinkler system can reduce your annual water bill by 30 to 50 percent! Through the use of your phone, a smart sprinkler system can be programmed automatically, at home or away. It can also be easily adjusted to the weather. What a help for those hot summer days! Pair a smart sprinkler system with your outdoor camera security system, and buyers can watch their yard being watered from afar! 

Bottom Line

The little details matter. Most buyers decide within a matter of seconds after entering a home if the property is worth purchasing. Smart home technology showcases convenient, safe, and cost-effective perks of a property. Additionally, the attention to detail smart technology brings shows buyers the home has been well loved and cared for. 

I love helping homeowners get the most bang for their buck when listing their property. With over ten years of experience in real estate, I know what buyers want and how to help sellers give it to them. Check out my YouTube video here on the top five strategies for getting top dollar on your home sale!

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