Blog

Blog>Residential>Installing Smart Gadgets May Increase Property Value
living room

6 months agoResidential

Installing Smart Gadgets May Increase Property Value

When it comes to selling your home, it is understandable that you will want to appeal to prospective buyers. The vendor will also want to get as much money for their home as they can and with this goal in mind, it is best to increase the value of property as much as you can. There are many ways a property owner can increase the value of their home but some of the best methods are more modern than others. As you would expect from Griffin Residential, an online estate agent, we are aware of the modern methods and we believe that installing smart gadgets may increase the value of your home.

Increasing the value is a hugely important reason to consider adding smart gadgets to your home, but it is far from the only reason. In fact, some specialists suggest that the most important reason to install smart gadgets is to help your home stand out from the crowd.

There is a lot of competition when selling homes

The property market is a challenging and competitive market. Even though there is a prominent level of demand for property, selling your home isn’t easy. You are in competition with many homes and you need to make sure that prospective owners remember your home as opposed to your rivals, and an effective way of achieving this is through differentiating your home.

Adding the leading smart devices and gadgets will help to differentiate your home. A smart tip is to invest in the market leaders as these are the brands that people remember. There are many heating systems to choose from but at this point in time, Nest heating systems are the brand leaders that people are most aware of. If you have a Nest system at your home, it is likely that people will remember this and therefore, remember your home.

Of course, if you are focused on increasing the value of your home, you will be interested in the benefits offered by the leading smart devices and gadgets. Differentiating your home from other comparable homes in the local area will help sell your home, but there is no guarantee that it will increase the value of your property or the price that some buyers would be willing to pay.

Smart device benefits make your home more appealing to prospective buyers

However, if you can demonstrate that these gadgets and devices will help the homeowner save money, the prospective buyer will start to see the value in buying your home. There are studies which indicate that a Nest heating system can lower the cost of energy bills by around 10 to 15%. This is an annual saving, so over the course of the lifetime of a house, this can be a healthy sum of money that the homeowner saves, and this is the sort of outcome that encourages people to make a higher offer when making a bid on property.

There will be other more effective ways of increasing the value of your property but given that smart devices add value while helping people find or remember your home, there is a lot to be said for the installation of these systems.

If you are looking to sell your home in the most effective manner, get in touch with Griffin Residential. We are online property specialists and we’re delighted to have helped so many homeowners sell their home. When you’re ready to make the next move with your property, get in touch and we will be happy to assist you.