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Investing in smart home features boosts resale value

Investing in smart home features boosts resale value

When searching for a new home, buyers often come armed with a wish list detailing everything from location to price to their ideal community. But one of the things a lot of homeowners look for, especially in this day and age, are features that help make the house a more user-accessible and secure place – and that’s smart technology.

Having smart technology in your property increases its resale value since these features tend to attract new homebuyers, with a high demand for home automation.

Lately, a growing number of homeowners have been installing smart technology in their homes. Smart home devices such as Google Home and Amazon Echo are in high demand because of the convenience these devices provide, especially when homeowners have to juggle the many demands of home and family, including remote work.

Demand spans multiple generations

The demand for a smart home spans multiple generations, from tech-savvy millennials to baby boomers. Younger buyers are partial to voice-activated assistants, mobile-controlled security systems, and more. Older homeowners appreciate digital controls, sensors, and smart thermostats, among many other things… like the Internet of Things, for example.

One of the main incentives of having a smart home is the convenience it brings. Smart thermostats or smart lights can be adjusted from the palm of one’s hand. The benefits of voice-activated devices speak for themselves. Things that can be done remotely certainly lightens the load.

Another aspect that draws buyers to smart homes are their entertainment systems. With voice-controlled smart TVs and devices like Chromecast or Alexa, homeowners can just ask Siri or Alexa to play their favorite songs and these gadgets will do so within seconds. Aside from better entertainment provided by smart TVs and the like, the reason homeowners seek smart technology in their home is for the security.

Your peace of mind

With home security systems and video doorbells, it’s possible to immediately find out who’s at the door or what caused the noise anywhere within the perimeters of the house. You will be able to get a good night’s sleep, secure in the thought that your smart home security system will detect intruders or deter them, whether you’re on premises or vacationing elsewhere.

Amazon’s new security drone flies around the house recording disturbances. The next-generation smart home healthcare system monitors your sleep and nutrition. And Google, Amazon, and Apple are working to make each company’s virtual home assistant compatible with current and future smart home devices.

Smart home technology is something a lot of house buyers want and will gladly pay a premium to have these features in their new home. Smart home features increase the value of a home by 3% to 5% or by as much as 35%, depending on the location and desirability of the property.

In this day and age, you simply can’t go wrong with a smart home. If you’re looking to buy or sell a smart home in New Jersey’s Somerset County, we at Pagnotta Homes can guide you through the process. Contact us today at 908.436.7947 or send an email to info(at)pagnottahomes(dotted)com to get started.

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