Do you have a "Smart Home"?
Smart Home technology is constantly evolving. What makes a home "smart" in 2018?
CNET teamed up with Coldwell Banker in 2016 to create this definition:
“A home that is equipped with network-connected products (aka “smart products,” connected via Wi-Fi, Bluetooth or similar protocols) for controlling, automating and optimizing functions such as temperature, lighting, security, safety or entertainment, either remotely by a phone, tablet, computer or a separate system within the home itself.”
The definition also requires a property to have either…
• a smart security feature (like smart locks or cameras), or
• a smart temperature feature (smart thermostat), and
• a reliable internet connection,
…and at least two more smart features:
• lighting
• fire/carbon monoxide detectors
• entertainment systems (such as smart TVs or streaming services)
• appliances
• heating/cooling system, or
• outdoor features (like watering systems)
2018 SMART HOME PRODUCTS
Amazon Alexa, Google Assistant, Nest, Belkin, Apple Home Kit, Lutron, Philips Hue, Wink and other brand names are constantly evolving the smart home technology market. Get your home equipped with your favorite devices! See a list of Smart Home Devices and start planning and dreaming about your ideal smart home today!
Things to note about smart homes and real estate:
- A home with smart features isn’t automatically worth more money. Instead, smart technology’s value comes from added marketability of the property.
- There are multiple smart home systems. Not all buyers and sellers prefer the same smart home systems.
- The No.1 concern for consumers is the fear that their personal information can be stolen from smart-home applications.
- All devices must be reset and "digital keys" must be turned over when the home sells.
Thinking about buying or selling a smart home? Contact Sarah Marrinan for help!
Smart Home Article of interest: Smart home demo house hits market for $625K dated January 2017 is about this smart home in the Louisville, Kentucky area was purchased in 2015 by consumer tech site CNET for the express purpose of testing out the latest home tech products and says it has been outfitted with dozens of smart home products valued at $26,450. The article goes on to say "All this home tech aside, the property looks turn-key and offers typical draws like a vaulted living room with a large stone fireplace, hardwood floors, and a pool. it’s asking $625,000, which is $20,000 less than what it was last sold for."
