Smart home automation is growing in popularity worldwide. Today, we will answer the question: Can smart home automation increase the value of your property? The answer is yes.
Smart home systems are becoming a more and more relevant factor in the real estate industry. Devices such as home security systems, thermostats, smoke detectors, and lighting controls can make our lives become more comfortable. At the same time, these smart gadgets help to increase your house price.
In this post, let’s see together what the future has in store for this industry.
Smart Home Automation Overview
What is a "smart home"? Science fiction movies are not a utopia anymore. The smart home is the redesign of living space by exploiting the latest innovation. Through the use of IoT systems, we were able to simplify the management of your home. Smart home automation is an added value for those who want to live in a more comfortable environment while also saving energy and time.
What is the difference between a smart home and a more traditional house? Nowadays, it is possible to coordinate with extreme ease, all the systems, equipment, and appliances in your home. You can connect different instruments and control them conveniently through a mobile device, touch screen panel, or virtual assistant (Alexa, Google Assistant, etc..). To know more about this topic, check our comprehensive guide: What Is a Home Automation System.
Industry Trend
One thing is clear to everyone: The demand for smart home automation is booming. The trend is not going to change anytime soon. Real estate constructors are listening more to their customer base, which is more likely to buy a new property when a smart home control system is present.
Looking at the data gathered by Precise Security, the global forecasts for smart home market revenue is expected to reach $158 billion value within the next four years (CAGR growth of 15% yearly). The development of 5G implementation will drive the growth of this industry. Other relevant factors are the investments made by Apple, Amazon, Google, Alibaba in IoT technology.
When it comes to the top markets, we see the United States leading the sector expansion with US$ 27.6 billion in revenue this year. In the second place, there is China, followed by Germany, the United Kingdom, and Japan. Plus, the majority of smart home device owners are Millennials.
Factors Involved in Property Value: The Motivation For Choosing Home Automation
To understand why your property can rise in price, we need to first examine why people choose a smart house. Smart homes have many pros over traditional ones. These advantages are relevant when it comes to discussing the pricing. Why people find this new solution attractive?
* Remote security and management: Burglars have it a lot harder with home automation! A smart home allows you to keep everything under control, even when you are away from your home. Thanks to simple apps and devices, you can keep the situation in check. Ultimately, you will be able to monitor the outdoor and domestic areas of your property, at anytime and anywhere.
* Practicality: Have more time for the things that really matter to you. Wireless home automation improves the quality of your daily life. You can program the switching on and off of the lights in your home. No need for you to stand up and do it manually. By the way, if you are interested in lighting management, check our complete guide: How to implement a smart lighting control system.
Besides, it is also possible to adjust the temperature of the rooms. What about opening and closing the curtains and unlocking the front door? The smart home can do it for you.
Do you love gardening? Then, plan the plants' irrigation on the terrace, manage the water's heating for sanitary use through a boiler, water heater, or solar panels. If this is not enough, you can program to switch on and off your household appliances. Manage the refrigerator, washing machine, dishwasher, oven, stove, TV, stereo system, and telephone remotely.
* Energy-saving: Saving energy is important both for the planet and for our pockets. The smart home allows you to view and monitor energy consumption constantly. By programming and managing the individual usage of every appliance, you can avoid overloads and squanders. At HDL Automation, we make all this possible by enabling you with full control over every aspect of your home.
It is Easy to Sell the Home of the Future
As we previously mentioned, there is a great demand for smart home automation. By including high-tech smart home gadgets, it makes your home more appealing to Millennials. The next question is how much can these implementations raise your property value?
Obviously, the prices can change depending on where you live. Therefore it is impossible to give you an exact percentage. Online you can find numbers ranging from 5% to 35%.
We have received positive feedback from customers and partners. On average, we have reported a property value raise of 5% to 8%. If you want to sell your house, having optimized it for modern times will noticeably speed up the negotiation process.
A Worthwhile Investment
For more than 30 years, HDL Automation has been an international reality. We are a leading company specialized in home automation.
Through our commitment, we have contributed greatly to the whole industry development. With our integrated whole home automation solutions, we hope to bring people the comfort of next-generation technology. We make people of the present live in the homes of the future.
If you are interested in smart home automation, our professional team welcomes the opportunity to present you with our offer. Contact us and our HDL Automation partners today!
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