Are you considering selling you home this year? If so, we have good news: People are buying! Low interest rates, developing families, and a desire for more space has resulted in the demand for new homes outgrowing the furnish.
Even better, The Association of Realtors predicts housing costs will climb 8% in 2021 and 5.5% in 2022.
The Forbes Real Estate Council identified smart home technology as one of the most desirable qualities in a home on the market. But smart home tech is a great, big world of possibilities. So, we decided to dig into the specifics of what kind of smart home options homebuyers are truly looking for.
Here’s merely a few highlightings of what we learned 😛 TAGEND
Homebuyers prioritize safety and convenience
In a time filled with so much uncertainty — and a lot of time at home — it’s no surprise that people are prioritizing the convenience and safety of their homes. Findings from a Realtor.com and YouGov survey made this apparent.
A quarter of people surveyed said they are more interested in smart home technology now that they’re spending more day at home, and 41% of smart-alecky home technology owners have bought at least one device or feature( like a video doorbell camera) since the pandemic began.
Consumers are particularly interested in smart features that build homes safer — so consider a smart home security system. If you already have a security system, integrating smart devices can induce your home even more attractive to buyers.
Energy-saving and environmentally-friendly homes craved
A green, energy-efficient home is high on the priority list for homebuyers. According to the Realtor survey, consumers are willing to expend more on environmentally-friendly features that can possibly save them money in the future, like smart home thermostats and solar roof tiles.
Smart home modifications don’t inevitably have to be elaborate or pricey. Many affordable home automation devices are both aesthetically pleasing( read: they appear cool) and easy to use. This last bit is key, because homebuyers won’t value what they don’t understand. And if the device lends itself to demonstration when the house is being shown, even better.
The video doorbell is a great example of a demonstrable smart-alecky home automation machine that’s both desirable to homebuyers and easy to use — plus, advanced users can get even more bang for their buck. According to a National Association of Home Builders’( NAHB ) survey, “What Home Buyers Really Want, ” 45% of new and prospective homeowners wanted a video doorbell.
You should ever take the specifics of your home into consideration when deciding which smart-alecky home features will add the most value to your home’s resale value. Ask the following questions 😛 TAGEND
What demographic will be looking for a home in my neighborhood? What devices are likely to appeal to my buyers? Does my home’s layout support these modifications? Do the machines I’m installing talk to each other? Am I devoting the buyer room to grow if they want to add more?
Your realtor should be able to provide the answers to questions one and two. For three and four, give Guardian a call at 1.800. PROTECT( 1.800.776.8328 ). We can help assess your home’s specific needs and explain your best options.
Sources: Association of Realtors; Realtor.com; National Association of Home Builders; Forbes Real Estate Council
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