Smart home tech is changing how homes are sold

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Smart home tech is changing how homes are sold

By emily.bailey

Tuesday, May 8, 2018

Smart home tech - Real Estate - Schlage

Adding even a few smart home products is the single easiest way to boost your home’s value. Here's what you need to know before you buy or sell a home with smart home tech.

 

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As home automation technologies become even smarter and more popular, their impact on home purchases has become even more evident. Adding even a few smart home products is the single easiest way to boost your home’s value, according to the National Association of Realtors (NAR) and their 2018 Home Buyer And Generational Trend Report. It can increase your home’s value as much as 5%, the Consumer Electronics Association and the National Association of Home Builders found. And that’s just the beginning.
Smart home tech - Real estate - Schlage

Smart is in

Smart home technologies are becoming more mainstream by the day. In fact, nearly 45% of all home owners expect to either buy or invest in smart home technology. And more than half of prospective home sellers said they were planning to purchase home automation products specifically to sell their homes faster and for more money.

Smart home tech - Millennial - Schlage

Do the math

Three out of four millennial homeowners said they’d be happy to pay between $1,500 and $4,000 to make their homes smarter. A $4,000 investment could increase your home’s asking price by 5% – not to mention turning your house into a smart home. And there are so many connected technologies you can employ that cost much less.

The smart lock: A smart, affordable solution

The NAR trend report revealed that home security was either somewhat or very important to more than 85% of those surveyed. It’s no wonder smart locks are the number one purchase consideration, followed by automated lighting and smart thermostats. Smart locks make your home attractive to prospective buyers, and they also provide peace of mind as realtors and others are going in and out of your home.

Smart security at work

Installing a smart lock on your front door is a simple and affordable first step toward making your home “smart.” Now, instead of leaving your door unlocked or hiding a key under a planter or in a fake rock, you can install a smart lock to keep your house secure. You can even use your smart phone to allow convenient access to those you trust. The Schlage Sense app allows you to program new access codes into the lock, even setting schedules for when those codes can be used. And because you’re notified when codes are used, you can keep a better eye on who is in your house and when they were there.

The best is yet to come

With millennial home buyers now representing the largest potential audience – with two-thirds of them being new home buyers – you can’t ignore the attraction of smart home technologies in appealing to this significant market. In total, the smart home market is expected to reach close to $120 billion by 2020. As this wave crests, it’s sure to continue to sweep through the real estate industry, impacting home prices and influencing home buyers.

Schlage smart locks

When it comes to choosing the smartest smart lock, you can count on Schlage. One of the drawbacks of early electronic locks was that they were bulky and not particularly stylish. Schlage smart locks prove that strength, smarts and style are no longer mutually exclusive. In fact, the premium style of Schlage smart locks will actually add curb appeal to your home. They are also easy to install, requiring just a screwdriver and a little free time to get the job done.

Smart home tech - Resale value - Schlage
Schlage offers a variety of smart locks from which to choose. The Schlage Connect™ Touchscreen Deadbolt is designed to work with popular home automation hubs. Schlage Sense™ Smart Deadbolt allows easier home access using your smartphone. These are all reflective of a heritage of style and innovation that traces back to 1909 when company founder Walter Schlage first patented a door lock that also turned on a home’s lights! Talk about innovation. Talk about smart!
Is your home ready to sell? Have you thought about increasing the value of your new home by adding the latest smart home technologies? Visit Schlage for more helpful tips on ways to secure, beautify and make your home smarter with stylish, innovative door hardware that opens up a world of possibilities.
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