Device advice to maximize sale price
When we add technological bells and whistles to a residence, these additions and upgrades are typically aimed at our clients and their own day-to-day comfort and ease of living. The question is whether some of these upgrades translate to a higher contract price when they sell.
High-end renovations today often go beyond a state-of-the-art kitchen and luxurious bathroom to include smart devices like a built-in sound system, electronic window treatments, central air climate control with multiple thermostats and remotely controlled lighting in every room. Demonstrated altogether for a potential buyer, home automation is inarguably impressive and downright cool.
According to Coldwell Banker’s most recent smart-home survey (PDF), most potential homebuyers want smart-home tech included in the deal: 77 percent want smart thermostats, 75 percent want smart smoke detectors, 66 percent want smart home security cameras, and 63 percent want smart locks, to name a few.
Renovating a home can be a daunting undertaking and is not for everyone. Fixer-uppers are expensive, time-consuming, and often require people to make expensive decisions that are very different from their usual routine – choosing tiles, lighting plans, cabinets and paint colors is a very different task from modeling spreadsheets or organizing employee schedules.
If the market is healthy, smart renovations will improve the value of the property – and of course make it more enjoyable for the owner to live in.
But what about tech? Do high-end home tech systems for climate, lighting, sound, or security improve a home’s value? Will a substantial investment in residential bells and whistles translate to a higher number on the contract of sale?
Here are some smart home upgrades that can attract buyers to your home:
- Automated blinds and curtains
- Smart lighting/Smart Z Wave Switches
- Climate control with smart thermostats
- Built-in speakers with app control
- Smart locks
- Smart garage door opener
- Smart cameras
- Smart home security system
Let us come in and show you improvements that can be made to increase your value.