Selling your home is a big undertaking. One of the most important decisions to make is deciding which upgrades to make to the home before putting it on the market. Sometimes structural or aesthetic work needs to be done. In other cases, you may wonder if adding smart technology to the home is a worthwhile investment and if the associated selling points appeal to buyers in your area.
To make an informed decision, it is important to understand both the technology and the market in which you are selling. Read on for some insights from Eagle Mountain Lake.
Understanding the Technology
TechHive notes that familiarizing yourself with the basics of home automation technology is the first step in determining which devices can be the most advantageous upgrade for your home. The features that make these products “smart” include the ability to be controlled remotely via an app or home hub. If the control app is installed on a cell phone, the homeowner is able to monitor and control the device from anywhere. More advanced devices are often capable of communicating with each other and adjusting their functions based on the occupancy of the home.
Except for the most basic smart devices, an internet-based account is required to control the technology. This account belongs to the homeowner and must be disconnected from the devices when selling the home. The new homeowners then connect the devices to their accounts and customize the settings to their unique preferences.
Smart Home Products and Troubleshooting
Smart lighting, security and safety systems, thermostats and audio units are some of the most common smart devices found in today’s homes. Simple improvements, such as light bulbs and thermostats, can often be installed without professional help.
In addition to technology sold at retail locations, some utility companies offer smart upgrades. For example, your electricity provider may be able to install a smart meter that allows for better control of energy consumption. To learn more about smart home devices and how to troubleshoot issues that may arise, go online to read up on expert advice and tips.
Understanding the Market
Consumer Reports shows that most homebuyers want at least some smart technology in their homes, and that millennials in particular are willing to pay more for the luxury. However, there are both advantages and disadvantages to home automation, so it is important to familiarize yourself with the wants and needs of potential buyers in your area.
For example, some demographics appreciate eco-friendly improvements, while others want greater security features. Ease-of-use is universally appealing. Older buyers in particular may feel overwhelmed if a home comes with too many high-tech gadgets, and buyers of all ages may worry about the devices being hacked or unreliable. Discuss the makeup of local homebuyers with your real estate agent to determine which upgrades are most likely to attract buyers in your area.
Ask Your Realtor
One of the many benefits of using a realtor to sell your home is that these professionals understand the nuances of the local Arizona housing market. Real estate agents know the selling price of homes in the area (the median home price in Eagle Mountain is $359,127) and can give you an idea of how much value particular upgrades will add to your home. And while smart appliances in particular often yield a high return on investment, there are other upgrades your realtor may prioritize. Have a conversation with your trusted realtor before making any moves toward home upgrades and renovations.
Whether your home is already equipped with smart technology or you are considering making upgrades before listing, speak with your realtor about the pros and cons of listing a smart home in your area. Make sure the devices are easy to use and appropriate for your target buyers.
Photo via Unsplash
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