The writing is on the wall, Smart Homes are the future. Consumer Reports stated that installing the tech can increase your home value by 3-5% but which is a big deal when it comes to the prices of New Jersey homes. Think about it, on a $300,000 home that is a little as $9,000 and as much as $15.000. That is nothing to turn your nose up at. That said, the early birds will reap these benefits because at some point this will become expected. Today if you have an open concept home you don’t get a premium on your home, it is expected the money is in the unexpected.
We are already beginning to see this take form in the home building market. Lennar the biggest builder in the country has begun to make all of their homes smart homes and Toll Brothers, the 10th largest builder in the country followed suit. The question is when will homeowners begin to do the same? I am not sure the answer of when this will become the status quo but what I do know is now is the time to make reap the benefits. Below I listed 5 items I would install in my home to raise the property value the most!
Most people don’t think of this as a smart home product but it is at the backbone of any smart technology. People live and die by their internet connection in 2018 and that will be no different in 2019 and beyond. Homeowners want to be always connected to the internet whether that is for work or pleasure the internet is now king!
Coming into 2018 the Amazon Alexa was the hottest item on the market and at the end, it is no different, people love the smart voice assistance market. It is predicted by the end of this year 50% of American households will have one.
The most requested smart home device after the speaker is the smart thermostat. People want to be able to use their smart products for good. The Nest thermostat is still leading the way with its ability to understand users tendencies and save people money because of it.
Amazon’s billion-dollar acquisition of Ring really showed just how powerful this market is. There are great benefits from a lifestyle perspective (i.e. knowing who is at your door without having to move) but this product is also great for security purposes. I see these on so many peoples doors and I imagine this is not going to slow down any time soon!
All of these smart technologies are awesome and definitely items homeowners are looking for but too many apps can be confusing for people. Adding a home automation/ single app/ single interface on top of many smart home technologies can be a great way to take the home value increase from 3% to 5%!
Let me know what you think of this. I would love to chat with you more. If you currently have smart home tech comment below or message me, we would love to learn more about what you love about your smart home!