August 27, 2018
Home automation is convenient, but it can also save time, money, and bring you peace of mind.
By: Alec Sears
Smart home technology is not quite as advanced as what we see in The Jetsons yet, but that doesn’t mean it can’t make a big difference in your life. With just a few gadgets and simple modifications, you’ll feel like you’re living in Tony Stark’s mansion in no time.
For those who are trying to decide whether or not smart home technology is “worth it,” here are eight ways that home automation can save you time, money, and worry.
1. Cut Your Energy Bill
You’d be surprised at how much energy is wasted every day by lights left on and round-the-clock air conditioning. The waste often slips through the cracks unnoticed, regardless of how much your mother reminded you to turn off the lights as a kid.
Fortunately, between smart LED light bulbs, smart thermostats and smart plugs, you can save a few bucks and help save the planet at the same time.
According to the Environmental Protection Agency, a programmable thermostat can save you about $180 a year, and Gartner suggests that smart lighting has been shown to reduce energy bills by 50 percent. So it makes sense that smart products are one of the best ways to “go green.”
2. Reduce Your Home Insurance Rate
Owning a home is one of the biggest and most important investments you’ll ever make, and by the end of your life you will have dumped a lot of cash into home insurance. Fortunately, many insurance companies offer smart home discounts.
Even small adjustments on your insurance rate can mean a difference of thousands of dollars in the long run, so do your research! For example, American Family Insurance provides up to 5 percent off for smart home and security discounts, while Geico suggests a range between 5 and 20 percent, with this warning: “Be sure to check with an agent to find out which types will qualify, and whether the discount justifies the cost of installation.”
3. Increase the Value of Your Home
Smart home technology gives your home a futuristic flare. If you play your cards right, that exotic vibe can help you attract buyers and sell faster.
According to a survey by CNET, 81 percent of people are more likely to buy a home if it already has smart home technology installed. A full 35 percent associate the technology with a “move-in ready home.”
Keep in mind, though, that smart tech is more likely to attract buyers if they’re familiar with the product. A smart thermostat has obvious appeal — it’s convenient and can save money. If a buyer is unfamiliar with smart locks, though, they might see them as a security hazard. Work with your real estate agent to make sure they can help educate potential buyers.