Benefits of Smart Home Technology & Guide

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The Benefits of Smart Homes: A Guide for Buyers and Sellers

With technology progressing so much, it’s no surprise it has entered our homes in various ways in the last few years. Smart homes have multiple benefits from allowing owners to save money and energy to boosting the home’s value when it’s time to sell. Programmable thermostats, USB outlets, and energy-saving appliances are all in demand and can raise the return on your investment when you decide to sell. So, keep reading for tips on the benefits of smart homes and how to get the most return on your investment as a seller.

Start with Inexpensive Devices

You don’t have to spend hundreds or thousands of dollars on devices for your smart home. You can start on the inexpensive end of the spectrum (many of which can be found for under $100) and still get all the benefits of a great home automation device that will change the temperature, turn on the television, and dim the lights.

Track Your Energy Consumption

Eco-friendly changes are popular with homebuyers these days, meaning they could bring more money your way when it’s time to sell. One of the best ways to go green is to install an energy tracker, which will give you real-time information on how much energy you use on a given day. This is a great way to stay on top of your carbon footprint and even help reduce it as a homeowner. If you’re serious about determining how much energy you’re consuming on a daily basis, as well as how you can cut back, consider hiring a Residential Energy Services Network (RESNET) pro to take an in-depth look at your home.

Smart Appliances

Smart appliances do just about everything these days, from saving energy to helping you keep track of your grocery lists. Take a look online to see what your options are when it comes to finding the right refrigerator, stove, or thermostat for your needs, and think about what buyers might be looking for. Don’t forget about lighting and energy-efficient light bulbs, which will help save money on utility bills.

Don’t Spend Too Much at Once

Smart home investments need to be carefully thought out if you’re going to sell. Some buyers may not be interested in paying a higher price for a home that has a ton of bells and whistles but will be more than willing to go for a house that has a few strategic devices and helpers. Talk to your realtor to get an idea of what buyers in your area are looking for.

When budgeting, it’s important to keep in mind that you will most likely need a professional electrician to install your smart tech, and the average cost to hire an electrician for smart home installation is between $400 and $2,000.

The benefits of a smart home are numerous, but it’s ideal to find the right devices for the job. Not only do they need to lower utility bills, but they also need to be helpful in everyday situations rather than something that will only get used a few times per year. Do some research online to find the best options and compare prices, and don’t forget to hire an electrician to install anything that requires wiring. With a good plan and some thoughtful preparations, you can ensure that your home will get the most return on your investment when you’re ready to sell.

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