The real estate market and smart home technologies go hand in hand. Real estate is all about buildings and housing while smart home technologies entail building and housing management and security. With the current increased technology appreciation, people are becoming more and more attached to their smart gadgets. As such, smart home automation adds value and sale demand to your home.
Imagine living in a house where you could control the lights by touching a button; the thermostat automatically adjusts itself depending on the time of day and where you could lock the doors from the comfort of your car, office or bed. That is the housing transformation that the Internet of Things has brought about as it changes how we address the different life aspects.
Smart home automation technology offers a wide range of benefits to the housing sector. Among the attractive features, smart homes reduce monthly expenses like power and heating costs for homeowners. Everyone appreciates an opportunity to reduce monthly expenses and save more. The cost of paying off your mortgage is cumbersome and quite derailing. Hence the reason why most homeowners get attracted to the smart home idea that reduces their monthly expenses because they get extra dollars to spend throughout the next month.
Additionally, smart home automation technology allows homeowners to manage and control all their electrical devices from their smart tablets, phones or computers. The thermostat learns your schedule and adjusts home temperatures when need be to prevent energy wastes. The thermostat does not heat or cool your home because it should do it; it does the tasks because someone is home and requires well-regulated temperature for comfort. However, you can adjust the thermostat to set the temperature you wish to get home to a few minutes before you arrive home. Managing all your power connected devices helps in managing and reducing power usage in your home while ensuring that your daily tasks get more efficient and convenient.
Just like real estate industry players embrace changes in home designs, so should people embrace the growth of Internet of Things and its importance in the housing sector. Since people rely on smart devices to communicate and do most of their daily tasks, the smart home automation technology is bound to be implemented in many homes. That is, smart homes are the future of real estate. So, future home buyers will expect homes on sale to have built-in home automation technology. A house with no smart technology will be sold at a low if not throw away price because it would incur additional installation costs for the buyer.
Though the smart home automation upgrades are not expensive, the time and hustle involved would mean low home value. So, if you are looking to get into the real estate industry, consider adding devices like smart lighting, thermostats, outlets, and locks in all your future sale houses. It would be a small price to pay considering the demand and market value you would add to your homes on sale.