The incorporation of technology has brought a positive impact on the real estate industry in recent years. Buying, selling, and viewing properties has become more convenient, revolutionizing the industry. From virtual tour to smart home, individuals are adopting technology in a way no one has ever imagined.
As per the latest report by Expert Market Research, “ Australia has a USD 1.98 billion smart home market in 2023. From 2024 to 2032, the market is expected to rise 8.04% to USD 3.96 billion.”
Smart homes are properties that have smart technologies and appliances to improve security, convenience, and efficiency.
These types of properties not only are appealing but also stand out in the real estate market. Investing in smart homes can be a smart move offering you a delightful living space. Voice-activated commands, remote monitoring, and thermostats are some of the features of smart homes. Let’s now talk about how these incredible qualities increase the value of property.
High Market Appeal
Properties with smart technology are modern and appealing to potential buyers. They encompass amenities such as automatic lighting, heated flooring, and thermostats, bringing the houses up to date with modern technology. As a result, smart houses are more marketable and have higher long-term worth.
Convenience Factor
We live in an era where comfort and efficiency are highly prioritised. Busy individuals prefer to embrace the power of technology and the adoption of smart homes can be the best choice. You can command your oven to preheat the meal while you get dressed for the office. Not only that but by using smartphones, you can effortlessly regulate the lighting and live a more convenient life.
Energy-Efficiency
Smart homes are good for the environment and also reduce the burden on your wallet. The energy-efficient features such as smart thermostats, smart irrigation, smart lighting and energy management reduce the carbon footprint & save on utility bills. Hence, it can also grab the attention of environmentally-conscious buyers.
Improved Security
Investing in real estate is a thoughtful decision for anybody, and security being the top priority. Smart & remote monitoring, voice-automated commands, and smart locks can be a significant selling point potentially increasing the value of the property.
Future-Ready Home
Smart home technology keeps evolving, and houses built on this foundation are thought to be more flexible and future-proof. This may attract buyers who seek a house that can adapt to their changing demands and technological advances.
Overall, smart homes provide homeowners with an array of benefits that add a touch of luxury to their lifestyle.
Now, upgrade your space and consult with our team to be a smart homeowner!
