Smart Home How a Smart Thermostat Increase Your Home’s Selling Price

By 2030, it's expected that 5.5 Matter-compliant smart home devices will be shipped. This is the latest trend that every homeowner needs to be getting on top of. It will improve your daily life, but it could make you a fortune when you're ready to sell up. Installing a smart thermostat will increase your home's selling price Here's how this change will increase your home's worth.

Environmental Bragging Rights

77% of the country wants to live more sustainably, which informs many purchasing decisions. Many of these people were particularly eco-aware during the pandemic when 64% of respondents to one particular survey said they had an environmental wake-up call. For house hunters today, sustainability is a key factor that they look out for.

No one wants to live in a wasteful and environmentally harmful home. Therefore, you need to find ways to highlight the eco-friendly credentials of your property. Installing a smart thermostat is one of the easiest ways to do this. By simply having it installed, your home looks more eco-friendly. This attracts attention, bringing in bids that raise the value of your property.

Investing in Efficiency

The efficiency of automated thermostat technology is clear. Recent reports show that installing them in your home lowers heating costs by 12% and lowers cooling costs by 15%. That means that they're not only good for the environment, but they're also beneficial for your bank account. As a result, buyers are willing to pay a premium for homes with smart thermostats.

Since buyers know that they're saving at least 10% a year on their energy bills, they're usually willing to pay at least a few thousand more dollars for a home with this technology. So they do the math and work out how long it will take to make their money back in savings. Meanwhile, as the seller, you have received a much larger amount for a relatively small investment.

Keeping Up With the Joneses

In North America, 33 million homes already have smart thermostats. These are concentrated in wealthy areas like Central Valley, California, which quickly adopted new technology. If your home is located in a luxury neighborhood, not having a smart thermostat could leave your property looking backwards and outdated compared to the neighbors.

Find a service where you can sell your house in the Central Valley. If you're still struggling to find a buyer, your home doesn't have the same amenities as your neighbors'. If they all have pools, you should have one too.

Smart thermostats are just one example of smart home technology that can increase the value of your property. This is the bare minimum and a good starting point. Automation will vastly improve the value of your home.