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    October 23, 2017

    Not Just Bells and Whistles: How the IoT Can Improve Your Home and Boost Its Value

    While it all seems flashy, smart devices are helping us solve some of the problems of our modern lifestyles. It will also potentially boost value of any property investment.

    We live in the age of Smart homes and smarter cities. Thanks to the Internet of Things (IoT), our domestic environment can now be fully maintained by computer systems. From lightbulbs to TVs to air conditioning – every household electrical appliance can be operated with a smartphone or a laptop even if the user is not in the vicinity. Think of Tony Stark’s home in Iron Man–a high-tech behemoth complete with an audio weather report and windows that fade in and out of transparency. While it all seems flashy, smart devices are helping us solve some of the problems of our modern lifestyles.

    What started out as a niche industry catering to the rich and famous is now evolving into a mainstream home design trend. More companies are jumping on the bandwagon and churning out smart home products. In 2016, Google developed a wireless, all-purpose appliance hub and speaker capable of linking just about everything in the home, while Samsung’s SmartThings are also leading the way for home automation. According to Markets and Markets, the home automation system market was valued at USD 39.93 billion in 2016. This figure is forecast to balloon to USD 79.57 billion by 2022.

    With local businesses having made smart home technology affordable and easy to use for everyone, this lifestyle is now within reach of ordinary homeowners. If you’re still unsure about upgrading your house, have a look at the benefits of raising your home’s intelligence.

    Improved safety and security

    With smart technology, you don’t have to worry if you’ve switched off the toaster or activated the alarm when you’re away from home. Using an app on your smartphone that connects devices and appliances in your home, you can disable potentially hazardous devices in your home or stay on top of your home security wherever you are. You can watch live video feeds, check security diagnostics and control the doors and windows of your home. Smart tech can even enable you to answer the door remotely and deter unwanted visitors with the impression that you are not home.

    Lower utility bills

    Although not conclusive yet, it is suggested that connected home technologies could lower the utility bill of a household. The cost of installing some of these devices may be high, however, devices such as smart lighting and smart thermostats can go a long way toward saving energy. You can pre-programme your thermostats and air conditioning to maintain different temperatures while the occupancy sensors make sure lights are switched off whenever someone leaves a room. There are several other electrical appliances that can be controlled to make sure that they are not wasting power when not in use.

    Convenience

    Smart home technology does not just save you money; it can help you save time as well. Think of all the mundane tasks that up until now required human intervention; they can now be fully automated. And you can take your automated home a step further with IFTTT (If-This-Then-That), to keep your home running efficiently. IFTTT comprises a range of applets that link a range of devices in your home and trigger a series of tasks around your home. For example, you can create an IFTTT recipe that automatically switches on your coffee machine when you wake up in the morning. Or have your Samsung smart washing machine send a notification to your smartphone when your laundry is done.

    Boosted home value

    When it comes to increasing the value of your home, it’s no longer just marble countertops or imported faucets that pay off. Tech upgrades can really make a difference to what your house is worth. If you research ‘sell house fast’ you might find that fixed installations like smart solar panels, smart door locks, smart sprinkler control and smart lighting may appeal to potential buyers. Modern buyers usually take note of the safety features and level of convenience they will get out of the deal, and may not be hesitant to pay more for these. Given the low cost / high ROI of installing automated technology, it’s certainly worth investing in a smart home.

    With convenience, safety and security at the top of the checklist when buying or upgrading a house, smart homes are becoming more and more popular. As it currently stands, the home tech market is saturated with dozens of brands and devices to feed our increased appetite for customised, narrowed-down selections. Whether it’s for cooking, entertainment, health, or household chores, there is a smart device that suits your lifestyle.

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