Missouri Real Estate News

WHAT IS A SMART HOME


Posted: August 04, 2017 at 12:00 AM by Norman Polsky

How to Use Smart Home to Build Your Advantage  

When 79% of agents say that buyers are interested in smart home tech and 54% of sellers say they would install it to make their home sell faster – you know that smart home is a trend worth understanding. Being able to recognize smart home tech in a listing and guiding a buyer on how it can change the way they live in their home sets you apart.

Smart home tech is no longer just a high-end upgrade. It’s now a must-have in markets as diverse as Boston and Des Moines. “If a buyer under 35 walks into a home without a smart thermostat they’re walking out,” says Jim Hibbs, sales associate with Coldwell Banker Mid-America Group in Des Moises, Iowa. “If a home doesn’t have smart upgrades you’re really limiting the prospective buyer pool. Smart Home tech also makes the whole home feel updated.” The data supports this. Last year 71% of Americans said they wanted a move-in ready home and nearly half of that group said a property needed smart home tech to be considered move-in ready. As consumer demand for smart home tech has soared so has the number of companies claiming to offer the best products and services. Wading through all of the info can be daunting. So we’ve compiled some resources to help you stay up-to-date.

 CNET is an excellent source for smart home information. They’re famous for their in-depth and honest product reviews, their best of lists are a great quick resource for product recommendations.

Help Your Clients “Smart Stage” Their Homes Another way to use smart home to your advantage is the smart home staging kit. The kit provides home sellers with an easy way to “smart stage” (upgrading a home with smart home tech) before putting it on the market. The kit provides you with a marketing edge. Preliminary data shows that homes designated and marked as a “smart home” on coldwellbanker.com are receiving two times more conversions than the site average. “Putting in smart home tech helps a property stand-out against the competition,” says Ricardo Rodriguez, sales associate with Coldwell Banker Residential Brokerage in Boston, Massachusetts. “Smart Home gives a listing an edge and can allow you to position it at a more advantageous price point.” The smart home staging kit includes smart home tech from the most popular product categories: temperature, lighting, security, safety and voice control.

The products all work together wirelessly and can be controlled by voice through the Echo Dot. As an added plus installing these products means that the home meets the Coldwell Banker / CNET Smart Home Definition. Not only does installing these products give a home a marketing edge it also has lasting lifestyle benefits for the new buyer. The Nest Learning Thermostats helps self-regulate a home’s temperature and has long-term energy saving and money benefits for the owner. The August Smart Lock allows you to lock or unlock your home via your smart phone from anywhere in the world all while monitoring who is coming and going through your Nest Security Camera. And installing Lutron Caséta means never coming home to a dark home!

The SMART HOME doe not necessarily raise the value of a home but it does make it much more appealing to today's buyer

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