Technology is constantly advancing. Today, we are more technologically advanced than ever. Even to the point that private citizens have their own spacecraft. Albeit they are billionaires. But you don’t need to be a billionaire to install technology for your home that adds real value. Valuable tech starts from the price of a week’s worth of Starbucks coffee up to a considerable amount.
Smart Home Systems
You have probably heard of smart technology. It seems like everyone just puts the word smart in front of everything these days. But the definition of smart technology is when inanimate things are given awareness using AI, machine learning, and reading data. They can use data to automatically control your in-home systems. For example, your smart boiler can learn your routine. So, it will make sure the house is warm when you get up and come home from work. Smart tech is becoming so sought after that a traditional architect will often include it in new homes.
You have also probably heard of virtual assistants. There are two types of virtual assistants: remote workers that support administration staff, and AI personalities like Alexa, Siri, and Cortana. AI systems can add monetary value to a home, but the real value is in their function. Working with smart devices, you can control individual systems through apps and with your voice, A convenience for most people. But when you consider the applications for disabled people, the possibilities of an automated home are extremely valuable.
Anything contributing to reducing carbon emissions, promoting sustainability, and being cost-effective will add substantial value to your green home. For example, solar panels have been around for decades, but they were expensive. The technology has improved immensely these days, becoming more affordable with massive benefits. Photovoltaic technology is now advanced enough that you can save upwards of 90% on your electricity bills. However, they are expensive to install. But this can be offset with government schemes and added property value.
Like solar panels, geothermal heating systems can save you a ton of money on your energy bills. However, unlike solar panels, geothermal heating is location-dependent. It uses naturally heated water from sources like volcanoes and hot springs. Therefore, it is limited to places with a high amount of activity. However, almost all countries are home to areas where geothermal systems can be installed, including the USA and UK. As a result, you can save around 80% on heating and add around $30,000 to property value.
One of the highest costs on your energy bills is your appliances. Your fridge, washing machine, and dryer are among the most energy-hungry things in your home. Older devices typically use more energy while newer ones are more efficient. Therefore, prospective buyers might pass on the property if they notice older items. On the other hand, new buyers like to see a home that requires less work and minimal expenses when they move in. You can help with this by installing newer energy-efficient appliances, so they don’t have to, which adds around $8,000 to your price.