Is a Smart Home worth more money?

January 6, 2016

Being Smart brings to mind a whole host of thoughts… Do you mean being sensible, is it being good at using a Smart Mobile Phone or does it refer to what you control remotely?

Well for this blog we will take a look at all three of these things by way of Smart Technology for your home which each of the elements above describe. Smart Homes / House Automation is explained here in more detail Wikipedia.

Does Smart technology help to increase the value of your home though? Is it what people really want and will the investment you make give you a return on investment when it comes to selling? For sure some people install smart technology to suit their own lifestyles and if when it comes to selling their property it has added value, then it is just a bonus – Others will be designing / renovating / updating their property with a view to add Smart technology to add value.

People’s requirements from their homes are changing and what they valued years ago may have changed over recent years, I have heard that recent surveys show that perspective home owners are wanting faster broadband over larger gardens which is certainly a different way of putting a value to a home.

Let us look at some key benefits of adding Smart technology which can help when it comes to selling / renting property:

  • Saving money. Did you know that on average, approximately 60% of your homes energy bill is spent on heating and for many of us we will sure be heating our homes when we are not present, either to have it warm ready for when we get back, or that the length of time we are out does not really warrant us to turn it off or set the timers etc. By using a smart system, connected via wifi that we can control on our mobiles, we can remotely set our heating times? Maybe you finish work and had the timer set ready to go on an hour before you get back home, though last minute you planned to stop over with a friend, or you decided on a few drinks at the bar after work – These kind of everyday occurrences cost you money and which Smart technology can save you money on. Not only heating, but Smart also offers control over the likes of lighting which can help to energy costs and lifetime of LED bulbs etc. We also have electrical items controlled by Smart, surround sounds / audio, security systems such as alarms / cctv and much more.

 

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Estate Agent Talk

Commonhold White Paper – Thoughts from the Industry

The sale of new leasehold flats in England and Wales is to be banned under Labour’s plan to end the  ‘feudal’ system. Labour wants to switch to Scotland’s commonhold system There are around 5 million leaseholders in England and Wales. Under commonhold, each flat owner would own the freehold of their home, but also have…
Read More →
Breaking News

Greenpeace Ruling Exposes UK Government Policy

In January 2025, Greenpeace brought a collective action against the Dutch state for failing to comply with a 2018 European Court of Justice ruling on nutrient neutrality. An appeal is expected: however, as the UK Government has adopted the same ‘tax builders for pollution others cause’ approach to reducing nutrient pollution, it may find itself…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove commentary on mortgage market + weekly tracker

Commenting on the mortgage market, Rightmove’s expert Matt Smith said: “The market has settled after the unexpectedly high inflation figure. Average mortgage rates on many products have trickled downwards, and we’ve even seen the return of some eye-grabbing sub-4% mortgage rates for those with the biggest deposits. It shows that mortgage lenders are still keen to…
Read More →
Breaking News

Government plans to ban new leasehold flats

With the Government’s plans to ban new leasehold flats, an expert says the system must be ready to cope. With the news that Government is to outline plans to ban new leasehold flats and adopt commonhold, with draft Leasehold and Commonhold Reform Bill to be published later this year, Scott Goldstein, Partner, Payne Hicks Beach,…
Read More →
bank of england interest rate
Breaking News

Bank of England Money and Credit Report – January 2025

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals rose by £0.9 billion, to £4.2 billion in January.…
Read More →
Breaking News

Right to Manage: changes to legislation come into effect on Monday

On Monday 3 March further provisions within the Leasehold and Freehold Reform Act 2024 come into force, including Section 49 which concerns the change of non-residential limit on Right to Manage (RTM) claims. This secondary legislation will mean that residential leaseholders within a mixed-use scheme will qualify for RTM when the commercial element of a…
Read More →