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How Smart Home Technology Can Increase Your Property’s Value

October 8, 2020

Shrewd investors may have had their eye on the UK property market during the pandemic. With many taking advantage of the temporary stamp duty reduction, now is a great time to sell.

With selling come the inevitable home improvement projects. You may have noticed in our last post that garage conversions can increase your home’s value by up to £45,000. But that’s just the beginning.

Smart home technology offers tremendous capacity to increase your home’s value. This is largely thanks to modern-day lifestyles; we want convenience and comfort at the touch of a button. By integrating automated products, we essentially ‘futureproof’ our homes and make them more appealing for customers.

So, where should we start?

Understanding the demand for automation

One of the best things about home automation is that it unites generations. In a study by Coldwell Banker and Vivint Smart Home, it was revealed that Baby Boomers, Millennials and Generation Xers all wanted smart home functionality.

Top of the list is, unsurprisingly, voice assist technology. Users of all generations claim they love devices like the Google Home or Amazon Echo thanks to:

  • Intuitive and practical design
  • User friendliness
  • Hands-free control
  • Flexibility of location.

With many voice assist devices used to power home installations like lighting and music, a simple change could add thousands to your home. Your home improvement project could add 5 per cent to your property’s value – that’s £25,000 for a £500,000 house.

 

Going big with a home cinema

If there’s a spare room in your home that’s not really doing much, it could be your new entertainment space. As the experts put it, people don’t “need the library anymore”. With more of us turning to reading devices, there’s less incentive to have bookcases and more need for a large viewing platform.

One word of caution, however. It’s important to use a space that’s otherwise surplus to requirements, instead of encroaching on important rooms like a bathroom or kitchen. You could potentially risk lessening your home’s value if you negatively impact these essential features.

Likewise, the home cinema also needs to be well installed, with integrated screens and speakers. Our home automation experts can advise you on how to make the best of your space and install an unobtrusive entertainment system.

 

Secure homes sell better

Want to really get on the buyer’s side? Install a watertight smart security system. Not only will you save on home insurance costs in the short term; you’ll also assure prospective buyers that they are protected.

Your return on investment depends on many factors like the technology you choose, and crime rates in the area. However, security systems can act as a deterrent, particularly if you install CCTV. They’re also ideal for monitoring the home for any incidents while you’re out – like the dog knocking over a plant!

Add up to a fifth with a smart garden

Research tells us that a well maintained garden can add up to 20 per cent onto your property’s resale price. This doesn’t always have to be about the plants and flowers. You can also enhance your garden with a number of smart home features.

Hidden outdoor speakers, for example, can turn your garden into an outdoor entertainment space. Similarly, you can bring water features to life or put the spotlight on key areas like chimeneas with exterior lighting.

 

Increase your energy efficiency

Here’s another one that’s multi-faceted with benefits. Not only will an energy-efficient home save you pennies on bills; it will also add value!

Modern-day smart home technology enhancements save energy by tracking when owners are using certain rooms. Likewise, you can customise settings for lighting, music and heating to come on and off as you please.

According to the Department of Energy and Climate, upgrading your home to an energy-efficient space can increase your property value by up to 38 per cent!

 

Ask us about your next investment project

Whether you’re selling or just enhancing your home, the team at SONA is here to help. We’ll always recommend the best technology for your exacting requirements – which will likely please the next resident too. Get in touch to discuss home automation today.