This Under-$200 Smart Home Upgrade Could Raise the Value of Your House
Keep your cool (and your cash).
Updated Sep 20, 2018 12:49 PM
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If you’re about to commit to a kitchen renovation or a bathroom overhaul in an effort to make your house more marketable, you might want to hold off. New research suggests that investing in smart home tech (the kinds of gadgets you were already contemplating buying for your own benefit) can easily increase the value of your property—and it doesn’t have to cost you more than $200.
According to a study by Coldwell Banker, a whopping 77 percent of buyers want homes with smart thermostats preinstalled. These devices, like Google’s Nest, make it possible for you to cool down and warm up your place no matter where you are—they can even detect when you’re not around, so you don’t end up using extra electricity when you don’t have to.
In a smart neighborhood just outside of Birmingham, Alabama, researchers found that this type of technology made the homes 35 percent more efficient than newly built ones in the area without those upgrades. So not only does a smart thermostat help you keep your energy bill low, you’ll also be doing your part to save the planet.
All of this adds up to a major draw for potential buyers who are looking to make their lives easier, their carbon footprint smaller, and their expenses lower. Even if your bathroom tile is a little tired, it will be hard for someone to pass up a three-in-one deal like that. See? You can keep your cool and sell your home, even if the market’s not so hot.
See more ways to sell your home: This Easy New Service Will Help You Sell Your Home Way FasterIt Turns Out, This Is the Best Time to List Your HomeDon’t Freak Out: This Is What It Actually Costs to Sell a Home