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Smart Home Technology is taking the Real Estate Market by Storm (5/6/2018 9:41:38 AM)

Are you part of the 25 percent of people who own some kind of smart home product? If you’re not, you’ve probably at least heard about Amazon’s Alexa, if not seen its latest Super Bowl commercial.

What you might not have heard is that smart home technology is changing popular trends in the real estate industry. So much so, smart home technology can actually increase the resale value of most homes now that more and more Millennials are buying homes and interested in smart, connected devices.

This shift makes sense since smart home technology can increase energy efficiency, saving homeowners money on utility bills, while also providing an eco-friendly appeal. Combine money saving with the added convenience of artificial intelligence controlling your thermostat and connecting all of your favorite movies and music, to the safety and security of keyless entry and 24/7 monitoring, it’s no wonder why so many homeowners are investing in this tech.

In the 2017 Houzz and Home renovation overview, Houzz reported an increase in the importance of smart technology integration among home buyers, especially first-time buyers. This increase came along with an increase in more “green” trends, as well as improving the functionality of a home and alleviating health concerns, which can also all be addressed with the right combination of smart tech.

Control of every aspect of their home is so important to some home buyers that integrating these systems can not only increase the overall market value of your home by up to 7 percent, but also help you sell it faster. According to A Lot Living, “the [automation systems] that can add the most value include whole house lighting control, automated door locks, temperature control that works from a phone, and security cameras, as well as home alarm systems.”

At a time when people are busy and more connected than ever, more and more home buyers are prioritizing the connectivity and convenience offered by home automation and other smart technology systems. So whether you’re looking to buy your first home or sell one you’ve had for a few years, consider the numerous benefits of a fully-automated home.

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