PROS AND CONS OF SELLING A SMART HOME IN DENVER

PROS AND CONS OF SELLING A SMART HOME IN DENVER

A smart home is a delight for every homeowner because it makes life easy. You can control your home gadgets and appliances using an application on your smartphone or computer. As time passes, smart homes are becoming more and more common in the Denver area.

What is a smart home?

A smart home, according to Investopedia, "is a convenient home setup where appliances and devices can be automatically controlled remotely from any internet-connected place in the world using a mobile or other networked device."

In the simplest terms, a smart home has various systems that can be controlled remotely. These systems commonly include lighting throughout the house, heating and air conditioning, garage doors, exterior door locks, washers and dryers, TVs, and security systems. The most common way a smart home is controlled is through a smartphone or tablet, but most can also be controlled by voice via Alexa or Google Home.

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But how easy is it to sell a smart home? What are the pros and cons associated with selling a smart home?

Pros of selling a smart home in Denver Colorado

 

Home automation is a vital USP in the home market

Have you ever wondered why realtor sites display smart devices conspicuously when showing a house? You will see websites saying new homes for sale with remote-controlled gates, video doorbells, intelligent lights, and automated sound systems to attract buyers.

Home automation makes a house unique from others in the market.

Put, home automation turns a house from ordinary to extraordinary. Places that feature innovative technology offer unparalleled comfort to buyers.

Increase in home value

One thing you must know is that innovative technology can increase the worth of your house.

Drew and Jonathan Scott of HGTV's Property Brothers believe that people should treat a smart home as an investment, not a purchase. They even advised that homeowners should leave the smart devices and appliances when selling a house as it will boost the value. 

Drew believes that whatever you have installed in your home is a feature to sell your house. So, that smart thermostat, heat sensor, fire alarm panel, etc., can boost the value of your place in the market.

Realtors also affirm that anything fixed goes with the sale. (Except when explicitly stated in the agreement with the buyer).

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Upgrading your house to a smart home will increase its property value immediately. If you resell your property, you will likely get a very high increased return out of your investment.

 

Discerning buyers are easily attracted to smart homes

The smart home market is not for every Tom, Dick, and Harry. People are looking for smart homes to buy and are attracted whenever a smart home hits the market.

Some people want smart homes with automated security systems that can provide email or text alerts when there is a trespass, etc. Some homes have security features such as biometric door locks, burglar alarms, video doorbells, and IP cameras.

The Denver real estate market can be very competitive. Adding high-end modern technology to your home can have a greater appeal than a home that lacks smart devices.

Ready to find your dream home in Denver?
Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

Some conservationists invest in internet-controlled thermostats that can automatically adjust a house's heating and cooling systems.

 

Cons associated with selling a smart home in Denver

Smart homes can be expensive to buy

A significant disadvantage of selling a smart home is that it is costly (when compared with traditional homes). Depending on the house's features, the price may be higher than surrounding homes. The cost of smart homes can put many buyers off.

The prices of many high-end smart homes with automated entertainment, cooling, and security systems exceed the budgets of the average homeowner.

 According to reports, automation can increase the value of a home in the region of 3 to 5 percent. However, this is dependent on the type that you purchase.

 

Also, smart homes are expensive to maintain

Many gadgets in a smart home can only be installed and maintained by a professional. Some of these gadgets do not have any user-serviceable parts.

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Let us help you. Call or Text Kenna Real Estate at 303-955-4220 to get personalized assistance from our expert real estate agents.

Sophisticated gadgets such as automated entertainment and security systems do not require you to call any technician or handyman when they are faulty. You must contact the company technicians; they are usually expensive. Their payment is generally higher if the appliance gets destroyed after, even during the warranty period.

Not all buyers are looking to invest in smart home technology 

Many prospective home buyers do not see the importance of living in a smart home. So, to sell an automated home to them is almost impossible. It will require patience to find the perfect buyer. Millennials may only want to purchase a smart, whereas senior citizens may not want anything to do with it.

In conclusion

A smart home makes life easy and enjoyable for its occupants as one can remotely control the entertainment, security, and cooling systems from a smartphone or computer. However, smart homes only appeal to a specific class of people as they can be expensive to buy and maintain. But, anyone who can purchase one should because of its numerous advantages. And, of course, because they are not only practical but also fun to use.

Bio:

Danny Margagliano is a real estate agent with 30a Local Properties In Santa Rosa Beach, Florida. He has over a decade of real estate experience working primarily with vacation investment properties. Danny is an avid blogger on his and other real estate sites nationwide.

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