MoneyAngie's List

Actions

Angie's List: Smart technology helps with home buying

Posted at 8:23 AM, Feb 17, 2020
and last updated 2020-02-17 08:37:27-05

(WTXL) — In competitive housing markets, sellers are looking for any way to get an edge. Smart home technology could be just the thing to set your home apart, because today's buyers are looking for automation and ease in their next purchase

Although still new, early data indicates an immediate return on investment for sellers who are investing in tech-forward updates.

How much return? A full smart home makeover might improve the home's value by as much as 5%.

"You might have to spend around $1500 on a full smart home makeover, including installation. But on a $250,000 home, the return on investment could be up around $13,000," said Dan DiClerico, Home Expert and Smart Home Strategist

That $1500 price-tag would include smart locks, lighting controls, thermostat, cameras and a smoke alarm. If you want to start smaller than that, keep it simple and begin at the front of your home.

"I always tell people to start at the front door with a smart door lock. It will make that first smart impression with perspective buyers. It will also make things easier for your agent since they won't have to worry about keys and lockboxes when showing your home," said DiClerico.