What Does A Smart Home Mean?

 

 

The number of smart home products-devices that let you control your lighting, thermostat, safety, security either remotely by a phone, tablet, computer or smart home system is rapidly growing.  

Smart home technology has a new smarter than ever appliance that has hit the market this week. Samsung introduced the ‘Family Hub’ fridge that orders food with your credit card, has a huge screen located on the door to post calendars, pin photos, leave notes and so much more. One of the most intriguing features of the new smart fridge by Samsung is that even if you forget to check your fridge before you left, you can still look inside from the grocery store, using your smartphone app.

The most popular gadgets are entertainment related with homeowners possessing items like smart TV’s and sound systems. Safety and the purchase of smart security systems rank second behind the entertainment smart home options.    You can pick and choose your favourite gadgets to assemble or opt for an entire smart home system.

Harris Poll conducted a survey in 2015 that suggests smart home tech has implications for the real estate market, as homeowners see it as playing a part in the home-selling process. Fifty four percent of homeowners say they’d buy smart tech or hook it up in their homes and think this will help them close a deal sooner.  Over 78% of the people surveyed think this trend will continue and be a standard feature of homes in the future.   For some homeowners, home improvement isn't about return on investment; it's simply about making dreams come true.  

 An easy and engaging way to add value to your home is by upgrading with a home automation system that enables you to remotely manage multiple features and functions of your home including, heating and cooling, as well as door locks, indoor and outdoor live video surveillance, lights and shades via computer, smartphone or tablet.

It helps:

•    Lower energy costs
•    Increase security, and
•    Appeal to those who love electronic gadgets.

According to the Consumer Electronics Association and the National Association of Home Builders, a home automation system can increase the value of the home at resale by 3-5% (caveat: this depends on your neighborhood and your buyer).    Over time, the system will pay for itself through energy savings.

Many buyers today are looking for energy efficient homes.  Research commissioned by the Environmental Protection Agency (EPA) shows that a home’s resale value increases $20.73 for every $1.00 of savings in annual fuel costs. So as energy costs continue to rise, so will the value of an energy-efficient home.

 

 

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Richard Tait

Richard Tait

Sales Representative
CENTURY 21 Innovative Realty Inc., Brokerage*
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