In recent years, the digital technology we’ve become so connected to has begun leaping out of our laptops and into our homes, turning boring old household items like locks and lightbulbs into exciting new smart locks, smart thermostats, smart light-bulbs, and even smart refrigerators! This new technology — often referred to as the Internet of things, or IoT — has been a major source of interest for entrepreneurs, investors, and consumers alike due to the potential it has to keep us safer, reduce our stress levels, and save us money.
When it comes to real estate, smart gadgets may also be able to do one more thing: raise the value of your home. While there is no agreed upon figure as to how much value smart-home tech can add to your house, some estimates state that adding these technologies to your home can boost its price by as much as 5%. For a home valued at the US median of $226,700, that’s an increase of $11,335. What’s more: adding smart-home tech to your property will usually only cost around $1,000.
If that ROI sounds appealing to you, let’s take a look at some of the most popular smart gadgets you can upgrade your home with.
Smart Security Systems
Our home is the place where we're supposed to feel the safest, so it’s no surprise that one of the most appealing applications of the IoT is security systems. These security packages combine a number of different products that are each available separately — such as smart doorbells, smart smoke detectors,smart locks, and smart motion detectors — into one package that’s capable of being synced with Alexa, Google Voice, or any other hub you may have.
The advantage of getting a complete system is the integration that comes along with it: security systems include 24/7 monitoring by an agency that can alert emergency services when a problem is detected by any of the constituent devices. Full security packages offer a more streamlined and all-encompassing safety service than any one individual piece can offer.
However, complete security systems also come with a monthly fee, which isn’t always the case for the individual components themselves. Some homeowners may also only be interested in one or two items, so there is still value to each of them individually.
Smart doorbells, also called video doorbells, attach to the front door and send an alert to the homeowner’s smartphone whenever someone approaches the house or rings the doorbell. If an alert is triggered, the doorbell will also record a video and save it to the cloud for safe keeping.
Smart Locks can both help secure a home and offer some added convenience. These locks can be locked or unlocked at a distance either through a central automation hub like Alexa or with your smartphone, making it easy to “buzz” a guest in or to double check you locked the front door after you’ve already left the house. They can also be set to unlock automatically at certain times of day or when a family member’s phone is within range. Biometric locks are another option in some products.
Smart Smoke Detectors
While normal smoke detectors can only alert homeowners to a problem when you’re in the house, a smart detector will also send a notification to your phone if it detects either smoke or carbon monoxide. It will even alert you when its battery is low, saving you from those dreaded low-battery beeps we all know and love.
These high-tech thermostats can detect whether someone is in a room or not and adjust the temperature accordingly. Over time, this device will pay for itself by reducing energy wastage - it will keep the HVAC system off when no one is home and only turn it on when the house is occupied.
Smart Moisture Sensor
Whether there’s a leak, temperature change, or humidity change, a smart moisture sensor will alert you right away. Getting prompt notifications can prevent serious water damage by helping you nip developing issues in the bud.
Just like a smart thermostat, smart lighting can help you conserve energy and lower your utility bills in the process. These lights can be configured to only turn on when a room is occupied or to dim/brighten at different times of day. Of course, they can also be controlled from your phone or with Alexa, Google Voice, etc.
If you’re considering pre-sale home improvements, a qualified real estate agent can help clarify how your upgrades will affect your home’s value. They will be able to use their years of experience to make recommendations on what improvements you should make — and which ones to steer clear of.
To get in touch with a Clever Partner Agent, simply fill out our form and we’ll reach out to you.