Does home automation increase home value?
Home automation does increase home value. More and more people want smart home functionality in their next homes. If your house is equipped with smart tech, you can most likely raise your asking price. You should work with a licensed real estate agent, though, to ensure your price falls within what the market can bear.
Home Automation Is in High Demand
A new study from Coldwell Banker and Vivint Smart Home offers insight into what smart home products increase property value. According to the report, US consumers want voice control most of all.1 If you can add a home automation system like Google Home or Amazon Echo to your home, you could attract buyers in droves and decrease the time your house spends on property listings.
The people interested in smart technology span generations and demographics. Parents, Millennials, and Gen Xers all want smart home functionality. Even Baby Boomers desire the features—the study shows 26% already use voice-controlled devices and applications. As for why people are interested in voice control, the survey cites three reasons: Survey respondents find voice control to be more intuitive and practical, specifically in its user friendliness, hands-free control, and location flexibility.
To raise home value further, add other smart home connected devices of interest to homebuyers.
Things like smart entertainment systems, smart lighting options, and smart security elements are fairly trendy right now and could easily increase property value.
It’s Easy to Sell the Home of the Future
Home automation systems and devices often raise home value in terms of curb appeal. As smart gadgets become more prevalent, more homebuyers will see the benefits of smart home connected devices.
Adding home automation features rarely backfires: the gadgets offer benefits to both you and your homebuyers. Get started with boosting home value with our resources section. It contains guides to the must-have smart home gadgets and security systems available today.
- Coldwell Banker, “The 2018 Smart Home Marketplace Survey”