3 Ways Technology Can Boost Your Property Value

Written by Posted On Friday, 20 April 2018 09:40

If you are looking for a way to increase the value of your home, you may be wondering where to start. You can do many things to improve your home's value, but there are obviously some things offer better returns than others. One of the more popular trends is installing the latest smart home technology. Doing so will not only make your life more convenient, but the added benefits will make your home more attractive to other buyers if you decide to put your home out on the market.

The right equipment can reduce your energy bill and lower your insurance rates, and these factors will play a role in the price you can expect when you place your home for sale. There is a huge variety in different devices that you can install. Each one will serve a different purpose and fit different needs and wants. Once you start looking to buy, you’ll be surprised at you can control remotely from a phone or tablet.

Here are just a few of the things that smart home technology can do for you:

Reduce Energy Bills

Most buyers think long term when deciding how much they are willing to pay for a home. If your home has technology that reduces the energy bill, many won't hesitate to pay a little bit more because they will save money over time. Heating and cooling your home is one of the most expensive ways to use energy, but the latest devices can help solve the problem.

Smart thermostats can turn off while you are away to reduce your energy costs, but they can turn on shortly before you arrive to get your home to the perfect temperature. Smart technology can also help you save money by controlling your lighting and putting your sprinklers on a timer. These upgrades might seem small when you first consider them, but they will do wonders to improve your home's value.

Enhanced Safety

Those who are in the market for a new home will often have safety and security at the top of their list. They want the home to not only feel secure, but actually protect them from the most common threats. Reducing the risk of a disaster will even lower your insurance premium.

Rather than using standard smoke detectors, use the “smart” versions when you wish to keep your home and family out of harm's way. Smart smoke detectors can tell the difference between smoke from cooking and smoke from a fire, but they can even send notifications to your phone when something goes wrong.

Improved Protection

For those who value safety, nothing is more important than complete home protection. Luckily there are smart locks and cameras can do the trick. With smart locks, you can leave the keys behind and get inside your home with your smartphone. You can even let people into your home even when you’re not there.

Some models will detect that your phone is near and unlock the door, but others require you to use a smartphone app to control the locks. Cameras with facial recognition technology can recognize when you are near and open your door. Some smart cameras will alert you if they detect unknown people on or near your property, giving you time to respond. Having smart technology that keeps criminals away will put your worries to rest and increase the value that you and potential buyers will get from your home.

Final Thoughts

The goal of a home is to provide security for you and your family. Today there are a number of different ways that you can change the way that your house does this and make your life a little easier in the process.

Smart technology saves you money, lets you know when disaster strikes and keeps uninvited guests at bay. Once you are ready to move on, potential buyers will see the upgrades and their value. In turn, they may be willing to pay a premium for features that are already installed, creating a situation in which everyone wins. Review the different devices available on the market with your needs in mind so that you can make the right choice.

Although adding smart technology to your home requires an upfront investment, the rewards offer impressive returns you won't want to overlook. Your home will be safer than ever and operate with enhanced efficiency, and people who want to buy a home will appreciate the effort. Getting started won't take as long as you would think, and you will smile when you see the difference.

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Tommy Harthrob

I graduated with a B.S. in Accounting and have turned that into a successful career in reality. I enjoy the outdoors and have kept up on scouting as one of the local Scout Masters. I also enjoy day trading and keep up to date on the current trends in the finance world in order to stay relevant.

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