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October 23, 2019

How The Real Estate Industry is impacted by Smart Home Technology

How has the explosive growth of smart home technology impacted the real estate industry?

 

If you’re a convert to home automation, you’ll be only too aware of the benefits it brings. Convenience and security are the twin pillars upon which demotic is constructed as some of the statistics below will bear out.

How has the explosive growth of smart home technology impacted the real estate industry?

 

The core areas where smart tech meets the real estate industry head-on.

Smart home technology impacts the real state because of many reasons:

  • Smart Home Tech Can Increase Value of Investment Properties
  • Automated Homes Can Attract More Tenants or Buyers
  • Automated and Connected Homes Often Spend Less Time on The Market

 

Smart Home Tech Can Increase Value of Properties

      Perhaps the most important impact of home automation on real estate is the way in which the price of a home can be raised for sale.

      Smart Home Tech Can Increase Value of Properties

      If you are considering any real estate listing, the features and amenities offered are vital when deciding how much property the market will bring.

      Buyers are more likely to buy a home if it is provided with smart home system up to 5% of the property price comparing normal one in same neighborhood.

      What smart investors do...

      Smart investors can install a range of inexpensive and well thought-out smart devices in an affordable home and access them for an outstanding return once automated.

      The same applies to homes for rent, too. Needless to say, the more attractive the property, the higher the rent it requests.

      Bottom line, whether you're looking to sell a house, flip an investment or rent a second home, rolling out a few smart devices can have an exceptional ROI.

       Smart Home Tech Can Increase Value of Propertie

      Automated Homes Can Attract More Tenants or Buyers

         

        Studies have shown that 80% of millennials bought a smart device compared to only 50% of the previous generation.

        What does this mean, though?

        Well, because thousands of generations are expected to own new homes by the end of the next decade, their leadership in smart home technology is affecting the real estate industry.

        Millennials are likely to buy or rent a home when it is ready for the technology that attracts them.

         

         Automated Homes Can Attract More Tenants or Buyers

        Automated and Connected Homes Often Spend Less Time on The Market:

           

          Automated and connected homes, often spend less time on the market

          If you are selling a house, the last thing you want is a long stop when you sit in the market and block your next move.

          Remember that most of smartphone owners admit that they are more likely to buy a home if it is already automated and shows that it is not only the price that can be affected but also the amount of time it takes to sell your home.

           

           Automated and Connected Homes Often Spend Less Time on The Market

           

          Some Smart home devices that most improve the value of your home

          Some Smart home devices that most improve the value of your home

          1. Smart Locks
          2. Smoke Detectors
          3. Motion Alarm Detectors
          4. Smart Security Cameras
          5. Smart Light Devices
          6. Thermostats
          7. Automated Garage Door Openers

           

           

           

          1. Smart Locks

           

          Smart door locks focus more on comfort than safety, making it easier to enter the house with models to suit all tastes.

          If you're looking to sell your home, Kancy smart lock is a great option. Designed to be completely keyless, it will offer potential buyers a range of options to enter from a fingerprint ID, code or smartphone.

           

           

           

          1. Smoke Detectors

          Most people claim safety is their prime concern when thinking about smart devices. Kancy smoke detector is a cost-effective safety measure sure to appeal to any buyer.

          Selling a house quickly and achieving the best price is all about the attractiveness of your target market, so why not make a modest investment and serve the safety angle they're looking for.

           

           

          1. Motion Alarm Detectors

          Most people claim security is their driving motivator when considering smart devices.

          There’ are many reasons why it pays to make your smart home security and systems come in various configurations.

          Kancy Motion detector is a cost-effective security sensor measure sure to appeal to any buyer.

           

           

           

           

           

          1. Smart Security Cameras

          The advantage inherent in security cameras when selling a vacant house is the ability to ensure that it remains safe in the period before the sale.

          Once you have an interested party in place, leaving the camera is just another small sweetener that may speed up the sale.

          Kancy Security indoor and outdoor Camera is affordable and also comes in multipacks to further enhance value.

           

           

           

           

           

           

          1. Smart Light Devices

          Smart lighting is arguably the most common entry point for home automation, as it can make a big impression when you sell your home.

          Be sure to schedule the lights as the buyer crosses the threshold and then create mood lighting as they direct the property to show the best of it.

           

          Kancy has some smart light devices like LED smart bulb, Wall light switch and on/off switch, all are sure to increase the desirability and value of any home for sale.

            

          1. Thermostats

          Climate control in your home provides you with your prospective buyers a welcome slice of comfort combined with the ability to save up to 25% of your utility bills.

           

           

           

          1. Automated curtain Openers

          Another simple but effective way to make a strong first impression is by opening the curtain by your smart phone. Kancy smart shutter control device is a great device to make impression for any buyer.

           


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