How to Increase the Value of Your Home with Cool Technological Advancements

How to Increase the Value of Your Home with Cool Technological Advancements
  • Opening Intro -

    Over the course of the last decade, smart technology has become more affordable, accessible and encouraged by the scientific community depending on how "green" it is.

    The “Internet of things” is a phrase used to describe how the first world is connecting everything to everything else via the Internet.

-------------------------------------

If you have smart upgrades in your home that are part of the “Internet of things”, then your home is undoubtedly more efficient and convenient—which will undoubtedly make your property be more attractive to buyers if you decide to sell it in the future, and as long as it has a decided edge on being more attractive to buyers, it is more valuable.

According to a survey done by Better Homes and Gardens in 2015, 64 percent of millennials showed interest for homes possessing smart technology. Also, the National Association of Realtors did a study showing the current generation, which is being raised by the Internet and barraged with constantly upgraded tech, makes up the largest portion of potential home buyers.

If you want to increase the value of the most important, lifelong investment you have ever purchased or make money in property flipping, you can’t ignore upgrading your home with new, smart technology. Here are some examples of technology advancements you can invest in to raise the value of your home.

Buy a Central Vacuum System

There are a lot of complaints people have about vacuuming. Except for maybe laundry, it might be the most despised cleaning chore that most households do. A central vacuuming system, though, solves almost all of the complaints a person can think of about vacuuming from noise to the pure labor of it. It is surprising more people have not installed one, but many homeowners have not even heard of them.

The part about vacuuming a house that most people hate is that they have to lug around a big vacuum. Sometimes they even have to go up and down the stairs with it. However, this system with its various central vacuum parts and attachments makes it a whole lot easier.

If this were in your house, all you’d have to do is carry around the attachments you’d need to hook into the plugs that would be placed in each room. So, yes, you’d benefit from this type of system while you lived in your house, but you’d definitely benefit when it comes time to sell as well. The resale value of homes with central vacuum systems typically increase by $2000.

Smart Lighting

It costs you around $264 a year to light your home; and the lights in your house comprise about 12 percent of your monthly utility bill. It may not seem like a lot of money, but it is smart to want to save more money and increase your home’s worth at the same time.

A smart lighting system that saves $264 per year could potentially be worth thousands in terms of the value of your house. You can use your phone to dim lights, and there are sensor systems put in place allowing you to turn lights via your phone too. The outdoor lighting will lower insurance costs because it works like a motion detector to deter would-be thieves and vandals. The energy savings on your lights will vary from home to home, but the average, annual savings are around 60 percent with a dimmer and sensor system.

A smart lighting setup for the CNET Smart Home:

Find top-rated home automation services

Improved Solar Panels

Solar technology has always been considered a new tech upgrade because the tech for them has always been improving. The energy is green, clean and renews itself forever. The newest development in the solar industry has made investing in the upgrade dramatically more attractive. The panels now come with smart junction boxes. The boxes let you keep an eye on the performance of your panels, and they let you switch off panels remotely in case of an emergency like a hurricane or a fire.

The financial figures are impressive too. You can save around $1,500 yearly on your energy bills, and they will increase your home’s value by approximately $15,000. They are pricey investments at around $10,000 on average, but the federal government will cover 30 percent because it is green technology.

Smart Moisture Sensor

Any hint of mold or water damage will destroy a potential buyer’s interest. You can raise the value of your home, protect it from mold or water damage and be able to guarantee your damage-free house by installing a smart moisture sensor, which is actually a system protecting your entire home. It retails at around $300, and you will be alerted instantly of leaks, temperature or humidity by your phone. If a buyer knows they will be inheriting this kind of protection, it will make your home more marketable and worth more.

The investment return for each upgrade varies, but they are all big bonuses to potential buyers. Since, they are big bonuses because of the cool tech, they all raise the value of your home. With a return on investment, which will eventually pay off for each improvement no matter the range, and an increase in your home’s value assured for each one, it is recommended to invest in one, a combination or all of these upgrades.

Home Remodeling reference:

AMAZONS BESTSELLERS: home automation

-------------------------------------------------------------------------------------------------------------

-------------------------------------------------------------------------------------------------------------

directory photos forms guide

Helpful article? Leave us a quick comment below.
And please share this article within your social networks.

facebook linkedin pinterest

Amazon Affiliate Disclosure: LetsRenovate.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. The commission earnings are used to defray our cost of operation.

View our FTC Disclosure for other affiliate information.

Categories: Home Automation

About Author

Hannah Whittenly

Hannah Whittenly is a freelance writer from Sacramento, California. A full-time mother of two, Hannah enjoys imagining and planning projects to make her home more beautiful. Occasionally, she'll actually get around to starting one of them.