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Boost the value of your property: 75% of house buyers want a smart living experience

According to new research, smart home living could boost house prices for those looking to sell. With 70% of prospective buyers in the UK saying they would sacrifice features including extra bathrooms and bedrooms, summer house or even conservatories to live in an intelligent property.

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The survey of 2,000 UK adults also reveals how 66% of homeowners believe that by turning their home into a smart home will and has increased its value.

The findings come at a time of uncertainty over house prices, with reports showing that, while house prices have risen in the year to May 2016, the Brexit uncertainty could cause house prices to fall.

The appeal of smart homes is greatest in the South West of England, with 77% of residents putting smart living above other property features, compared to only 67% in the North East.

While double glazing and a parking space have the highest importance when buying a property, there are many specific features that prospective buyers are willing to sacrifice in favour of smart living, including:

  • Summer house (47%)
  • Conservatory (29%)
  • Extra bathroom (25%)
  • Extra bedroom (18%)
  • Garden (15%)

Smart homes offer the ultimate in Autopilot Living, effortlessly controlling every aspect from lights and heating, to music and ambience, to security. This provides an attractive proposition for homeowners, with the ability to streamline everyday routines, efficiently manage energy and appliance usage, and provide ultimate peace of mind.

David Mackie, President of the National Association of Estate Agents (NAEA ) says:

“We are seeing prospective property buyers beginning to find themselves attracted to homes that include built-in smart technology, as it creates a more personal feel before their belongings are even through the door. Sooner or later, every property could be smart as a standard and for homeowners considering integrated automation, it’s worth considering to avoid getting left in the past.”

References:

Loxone

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