Imagine checking your refrigerator’s current temperature or adjusting your porch lights for a delivery driver from your smartphone.
Smart home technology isn’t a passing trend. It’s giving homeowners unprecedented control over utilities, safety, and security, which lowers costs with added peace of mind.
Upgrading homes with smart HVAC systems or smart outlets may also contribute to higher resale values, especially as more homebuyers prioritize smart home systems.
Here’s a closer look at the resale potential of smart homes, including tips for real estate agents who want to ride the automated wave.
Smart Luxury
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New real estate agents are expected to hit the ground running in competitive markets like New York. Immersing yourself in smart home technology while attending an accredited real estate school will help you stand out at schools like NYREI. Branding yourself as a real smart home expert will give you a competitive edge in the industry.
The luxury market has embraced smart home technology, with some of the most expensive homes and condos in New York featuring the latest smart home systems, like biometric security systems and intelligent lighting that mimics natural light. Smart wellness systems that automate home gyms and monitor food quality also speak to the market’s relationship with health and technology.
When these homes hit the market, you can expect smart home integrations to influence resale values.
Smart HVAC Efficiency
Energy efficiency has cross-market appeal, with more homeowners considering the long-term savings of home upgrades like smart HVAC systems.
Combined with traditional upgrades like insulation and high-performance windows, smart thermostats learn and automate efficient heating and cooling schedules. Sensors measure occupancy temperature, saving HVAC use in empty rooms.
Smart HVAC systems come with predictive maintenance features that forecast potential issues before they become costly repair jobs. Homeowners can also manage HVAC controls remotely from an app.
HVAC system upgrades are critical home-selling points, with sellers reclaiming up to 85% of the installation cost, according to Realty Times.
Smart Car Upgrades
Homebuyers who own electric vehicles need charging stations, making listings with smart-enabled charging especially appealing. This market overlap can help drive resale values for properties with fully-equipped smart home systems and EV charging stations.
Smart Safety
Similar to smart HVAC systems, smart home security integrations are built into homes, which optimizes listing appeal. AI-powered security cameras are advanced enough to distinguish between a delivery driver and a new individual.
Crucially, homeowners can monitor this security data remotely, including the following:
- Smart door locks
- Water leak sensors
- Smart garage door openers
- Entry sensors
- Smart lighting
- Connected smoke detectors
Together, these features offer homebuyers a truly holistic approach to home safety.
The Matter Standard has also proven crucial for another selling point, interoperability. Meaning, homebuyers aren’t locked into one specific app or equipment, as IoT security technology is compatible with multiple brands and devices.
The Future Is Smart
Smart upgrades have the potential to drive resale values through luxury appeal, efficiency, EV integrations, and holistic home security. Aspiring real estate agents also have an opportunity to brand themselves as smart home leaders, offering valuable knowledge to homebuyers.
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