How Smart Home Features Increase Home Value

Posted Jan 15, 2021
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A hand holding a smart phone using smart home technology

In the past few years, the demand for smart homes has grown throughout the Austin real estate market. Aside from the convenience of upgrading to home automation, the biggest selling point is how smart home features increase home value. Our residential real estate company in Austin is no stranger to the benefits of smart homes and all the incredible features they include to essentially bring your home to life.

How to Increase Home Value for Appraisal

Save yourself the time and effort in major home improvement projects and consider adding home automation systems for a quicker sell. When homeowners eventually decide to sell a home in Austin that includes smart home technology, that home has a 40 percent chance of selling much quicker at a higher price point. 

With a much greater appeal to younger generations dipping their toes in the real estate market, the potential for smart homes continues to flourish. While the older generation is more appreciative of the safety and security features offered by smart homes, there is one benefit that everyone, regardless of generation, seems to agree on: increasing home value. 

How to Upgrade to a Smart Home

Most smart home upgrades are not too complicated to install, so don’t worry if you aren’t the most tech-savvy person. Smart home gadgets are designed to be user-friendly and easy to install. Everything is connected to a central hub, whether it be through the remote control or an application on your phone. 

With the hub, you are seamlessly able to connect appliances, lights, locks, shades, speakers, and more. Want your patio lights on at sundown? No problem; with smart home devices, you can set timers so your home conveniently does everything for you on a set schedule.  

Homeowners adore the home insurance premiums and decreased maintenance costs that smart home automation systems offer. According to a Nest study, installing smart thermostats can save homeowners, on average, 10% to 12% on heating and nearly 15% on cooling. While home sellers love the benefit of selling their homes at a higher price, the value of smart homes in today’s real estate market is undeniable. Homebuyers are willing to pay more for a home that has newer automation systems and the latest upgrades. 

Must-Have Smart Home Devices 

But how do you know what are the must-have smart devices to improve home value? We asked Eric Bramlett for his advice on some of the best smart home devices to increase home value as well as improve security, convenience, and efficiency in your home. 

Smart Voice Control

One of the first smart home devices for any home automation novice is smart voice control. Something similar to an Amazon Echo hub can be synced with smart appliances, lighting, and security cameras to be interfaced with voice command. Listen to music, call an Uber, or ask Alexa to order you a pizza from the restaurant down the street. 

Smart Thermostats

Smart thermostats are taking the real estate market by storm, nearly every home on the market has a smart home energy management system. For homeowners who want to keep their monthly energy bills to a minimum, a smart thermostat is perfect for your next home upgrade. Set timers to turn cooling systems on and off throughout the day and even set the smart thermostat to change the temperature while away on a business trip. 

Smart Locks

Get rid of the need to hide a spare key under the mat by installing a smart lock in your home. Not only does it unlock remotely and automatically upon arrival, but this popular feature in smart homes increases home value by up to 5%. Bluetooth and/or Wi-fi smart locks can also be programmed to give family members and guests special access, all with the touch of a button. Is the dog walker coming by while you are stuck at the office? No worries! Open the front door from the comfort of your office chair with no hassle. 

Smart Appliances

One of the best smart home features to increase home value involves installing smart appliances. The stylish and fun-to-operate products make mundane house chores a little less of a hassle. Check on your laundry cycle from your phone and use water-saving features to lower energy bills. The most common smart appliances found on the real estate market are: 

  • Security cameras
  • Clothes washers and dryers
  • Dishwashers
  • Automatic vacuums
  • Ovens and microwaves
  • Televisions
  • Refrigerators

Smart Homes and the Future 

Home automation and smart home devices offer homeowners and sellers more than just an easier way to live. It offers busy families the opportunity to begin certain tasks in the background so that they can get on to more important things. As manufacturers continue to pump out new devices, upgrades, and systems, the demand for home automation will only become more evident in the real estate market, so smart home features increase home value. So, make sure you don’t fall behind because before you know it smart homes will be a must-have feature in all home appraisals. 

Another great tip to sell your home faster from our Austin realtors is to use drones for real estate photography. The beautiful eye-catching aerial photos will do just the trick when it comes to selling your home faster and at a higher price range. 

Bramlett Residential: An Austin, Texas Residential Real Estate Company

If you are planning on selling or buying a home in Austin, Texas, then be sure to call Eric Bramlett and the incredible team of agents at Bramlett Residential. Our team has helped hundreds of families in the Austin area and neighboring communities find their dream homes. Our experienced agents offer phenomenal service and, most importantly, no pressure. 

Contact us today to speak with one of our real estate professionals at (512)872-3441 to get started!

 

Additional Reading: 

Staging a House for Sale

Point of Sale Energy Efficiency Requirement

Sources:

Nest – Real Savings: Saving energy starts with your thermostat

Turn it On Home – A financial case for the smart home. Can home automation increase `the home’s appraisal?

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We are first time home buyers and not only was she prompt in answering our questions and concerns, (and let me tell you, we ask a lot of questions) but she also would go as far as to give us extra information that we did not think to ask her. If we forgot something, we knew that we could rely on Vicki to bring these things to our attention. She was our realtor as well as our counselor for buying a home.

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I know realtors are busy people and what makes one stand out from the rest is their quality of communication, genuine character, and their willingness to go the extra mile to help us find a home that we will love. Vicki does all these things and more and I felt so secure and confident with her as my realtor. She really made all the difference in our lives, especially during these difficult times!

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Kasey is a great resource for us. We are lucky to have her as our agent to purchase our first single house. As an out-of-town buyer, we faced a lot of challenges to purchase a property remotely. At our introduction meeting, she was warm and knowledgeable. She asked a lot of questions about our needs and plans for the property. Based on the information we provided to her, she helped us identify the property that fits in our budget and meets our needs. During the purchasing process, she ensured our communication with the seller opened all the time. She responded to the questions and inquiries from us and the seller quickly and updated us with new information promptly. She is reliable and pays attention to details. When she represented us at the final walkthrough, she identified important deficiency that was missed by the third-party inspector. We appreciate her knowledge, honesty, and hard work.

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We started working with Kasey about a year ago – and signed up to both buy a new home and sell our existing home.  I have to say, it was an absolute stroke of good luck since we randomly picked her from Google’s search results.

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We were moving from out of state, and she spent a lot of time in the beginning getting to know us and our interests and expectations, which was really helpful as she was providing direction. She took an entire day driving us all over Austin through different towns and neighborhoods, even as the infamous snow storm was rolling in. She also spent multiple days over several weekends looking at houses and taking videos for us. She was impartial as she toured the houses so that we could generate our own opinions, but also answered our questions honestly when we had uncertainties about one thing or another.

We were also constantly impressed by her knowledge of the market in different neighborhoods, with the offers coming in at 10, 20, and up to 30% above asking price. She has clearly done her research (and keeps up with the ever-changing data and trends) and will always go the extra step to answer all of your questions. As first time homebuyers, this was extremely important and helped narrow down our search.

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Linda Baddour is the best real estate agent we could ask for! Especially in this crazy Austin seller’s real estate market in the Lakeway/Bee Caves/Dripping Springs area, where homes were going for way over listing price quickly for multiple offers, we needed a responsive, savvy, expert in real estate and Linda pulled out all the stops for us. She was super responsive even within a couple minutes of an email or text request and consistently went above and beyond getting us comps, hoa docs, and home info beyond what could be found on the MLS we could see. She saved us a ton of time avoiding homes with lease backs or condos masquerading as homes that we didn’t want. She helped us write strong offers and got them submitted quickly so we were able to win an offer after a couple of weeks and tries and close on a home! We are so excited about our new beautiful home and so appreciative of all of Linda’s hard work! Thank you Linda!

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We just closed on our first home after working with Bailey Moran at Eric Bramlett Residential, and can not recommend her enough! The current Austin market is crazy, and we were so thankful for Bailey’s insight and expertise throughout the process. We were moving from out of state, and she spent a lot of time in the beginning getting to know us and our interests and expectations, which was really helpful as she was providing direction. She took an entire day driving us all over Austin through different towns and neighborhoods, even as the infamous snow storm was rolling in. She also spent multiple days over several weekends looking at houses and taking videos for us. She was impartial as she toured the houses so that we could generate our own opinions, but also answered our questions honestly when we had uncertainties about one thing or another. We were also constantly impressed by her knowledge of the market in different neighborhoods, with the offers coming in at 10, 20, and up to 30% above asking price. She has clearly done her research (and keeps up with the ever-changing data and trends) and will always go the extra step to answer all of your questions. As first time homebuyers, this was extremely important and helped narrow down our search. We are so lucky to have found the perfect house for us, in the area that we wanted, and really don’t think we could have done it without all of Bailey’s help and guidance. Highly recommend Bailey if you are buying a home in the Austin area!!!

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We were fortunate to find Tara McGuire from Bramlett Residential as our realtor.  A friend who had a great experience with Bramlett Residential introduced us to this real estate firm and the owner referred us to Tara who is one of their experienced realtors.  We were thankful that Tara was able to expertly and safely guide us through the processes of selling our home of 25 years in the volatile Austin market during the extra difficult times of Covid. She laid out a written day-by-day plan, outlining all of the critical checkpoints and events that were required leading up to a successful closing. She leveraged her team who followed up regularly to help us with all of the paperwork and handle all of the details. We were never out of the loop on the status of our sale, and when we had questions or concerns, Tara was quick to respond. In the end, the house listed on a Thursday, the final offers were in on Monday, and we accepted an offer on Tuesday.  Our expectations were exceeded, not only with the level of service we received but with the final price we accepted. When we closed, she was in regular contact with us, expertly handling all of the hiccups. Working with Tara was amazing and we highly recommend her and her team at Bramlett.