That are viewable/controllable from a smart phone or computer. With capability of controlling hvac, lights, garage opening ect all remote operated...as in a Smart Home. Do you think that this would be a good selling point for the average buyer in our high tech society? Or would the buyer pool be small and not care about such features.
I ask because we are considering putting our home on the market and my Husband has spent a lot of time wiring our home with security cameras, remote arming/disarming of security alarm, Surround sound, outdoor speakers. We are curious if this these features would allow for asking a higher price for our home vs other comps. Thanks In advance, i'll be checking in soon.
"In the spring, at the end of the day, you should smell like dirt"
Posts: 1062 | Location: North MIssissippi zone 7 | Registered: Jul 13, 2004
Personally I would like it, but not necessarily pay a higher price compared to neighborhood comps. In my family I would like it but my DH could care less about stuff like that. Keep your price that the comps suggest and it could be a selling point to the right buyer.
Posts: 2783 | Location: Michigan and sw Florida | Registered: May 16, 2007
I too think it might be a plus, but only to the right buyer. Probably not worth a price upgrade. Not a universal want item, in other words. And the price on much of the wireless/remote controls and security seems to continue to go down.
Sounds like a nice upgrade but probably not one that justifies a higher listing/sales price - unless you're competing with new homes that were built with security equipment as standard or it's a common and expected upgrade for your neighborhood. (ETA: Plus, if the comps offer it, you wouldn't price your home higher than them, anyway.)
On the bright side, all other factors being equal, your home may sell faster, assuming you price it correctly and conservatively, IMHO.
Best of luck to you -This message has been edited. Last edited by: AguaBella,
As an agent in another state, unless you live in a high tech area where all the gadgets are expected it might make your home slightly more attractive than a similar property without the gadgets. If you live in an area where the gadgets are the norm not to have them would be a detriment.
Two other issues arise though:
1. If you have buyers not familiar with your area they might be put off by the security set up creating fears about the safety of your neighborhood. - Big turn off
2. How professional does the installation appear? I had a seller put an outside light on his house by drilling through a wall in one of the bedrooms and putting the light on an extension cord. If it looks haphazard or has cords running along baseboards and up walls you are going to turn away buyers.
Agree with the other posts. This is the kind of upgrade a homeowner would do for their personal pleasure, not for ROI. If at all, I'd estimate this kind of home system would return MAYBE 5-10 cents per dollar spent.
It's wired to code. My Husband is an electrical whiz. We are in a great area. But many people are moving from the Memphis area to North Ms. Lower Taxes, better schools etc. A small city 10 miles from us in an affluent area has become crime ridden. In desperate times people do desperate things. We figure that someone wanting to burglarize our home will think twice seeing the signs that says "this home is monitored on security cameras" On the home selling issue in General...my Hubby is one of those that thinks because we've done this or that that we should be higher priced. We have done a lot of landscaping, and we did add a detached 15 x 25 garage/man space, terraced the back yard, pergola, screened in the porch and extended the patio....but he thinks we will get back what we put in and that's not the case. Thanks again for the input folks. HOpe everybody has a Wonderful Holiday.
"In the spring, at the end of the day, you should smell like dirt"
Posts: 1062 | Location: North MIssissippi zone 7 | Registered: Jul 13, 2004
I think your DH is in for a rude awakening when he finally "hears" that very few improvements will pay off ~ at least monetarily ~ compared to what you have put in. I say "hears" because it sounds like you have told him and he won't accept it from you! Men...
So keep the peace and let a "professional" break the bad news to him.
On the plus side, you can cheer him up with the information that, although most improvements won't justify a higher selling price, they WILL help insure that your house will sell faster with them than if you didn't have those improvements!
If it looks haphazard or has cords running along baseboards and up walls you are going to turn away buyers.
