When you are planning to sell your home, you have to put yourself in the buyer’s shoes. What will make your home stand out from the rest? What are buyers considering when they are looking at multiple properties? Let’s say you have a five bedroom house, impressive counter space, wood floors, and upgraded bathrooms…but so do your neighbors selling their home down the street. Before you put your home on the market, you need to decide what your ultimate selling point will be. Making your home a Smart Home is not only a solid investment when it comes to the value of your home, but it is also extremely attractive to the buyer with options.
The numbers speak for themselves. according to Consumer Reports, smart home features can boost your home’s resale value by up to 5%, calculating an additional $50,000 on a $1,000,000 home. This value can increase or decrease depending on the extent of your installation. Something you can’t put a number on is instilling that peace of mind in the buyer. When they compare your home to several similar properties, a home automation system including a security system, doorbell camera, electricity monitor, etc, will be a major distinguisher.
In addition to being an investment based on security and safety, home automation systems are actually extremely fun! Nothing sells better than luxury and convenience. And let’s be honest- a home automation system is designed specifically with both in mind. When a realtor shows a potential buyer how to control the AC, lighting, door locks, TV, fire pit, stereo system, and more – it becomes very easy for them to picture themselves living there. Aside from the day to day convenience, this is an upgrade that is easily shown off.. Sold!
It’s estimated that millennials will purchase at least 10 million homes in the next 10 years, dominating the housing market. That being said, who is more attracted to technology than this crowd? Typically, the online home buyer sets up a filtered search with their criteria that they get daily reports on until finally, something stands out. You have to remember that your house is going to be compared to so many others that are similar in features.. The difference between yours and the others, though, is that when they purchase your home they are being introduced to the world of home automation and smart home benefits.
Investing in a home automation system has many benefits for the user that extend to benefit you when you decide to sell your home. If you would like to hear more information about purchasing a home automation system, contact us at Symbio for a rundown of how we can help you get started!