In short, yes, it is. Research  into properties in the UK tells us that buyers are willing to pay more for a smart home or a property with high automation.
So, what does this news mean for sellers? It means that your smart home could have more value than your next-door neighbours. It could even sell quicker!
If you’re wondering what makes a smart home more attractive to buyers in London, here’s everything we know about why people are willing to pay that little bit extra for an automated home.
If there’s one thing we know about technology, it’s that it makes our lives easier. From fridges that automatically order new food to doorbells that let you speak to visitors when you’re not at home, smart devices in our homes are undoubtedly more convenient.
As life gets busier, people are looking for solutions that make everyday tasks simpler. When it comes to the homes we live in, the same rules apply.
Being green is a duty we’re all trying to fulfil. Research by NatWest shows that over half of UK homeowners are planning on making home improvements that make their lives greener. And smart homes make it easier than ever to take a step closer to living more sustainably (while saving a few pounds in the process!).
From virtually controlled heating systems to smart meters, these things can make your home greener and more attractive to buyers in London.
Buyers are no different to sellers when it comes to thinking about resale potential. It may not be as important to them as other things, like the location or kerb appeal. But it will be up there on the list of things they’re looking out for.
Since a smart home can potentially increase the value of your home by up to £16,000 – and the buyer market for smart homes is on the rise – a key selling point for your home is the resale potential.
If you’ve opted for smart alarms, doorbells or window sensors in your home, chances are you did this for the added security. Buyers want the same thing as you – and they’re willing to pay for it!
Barclays predicted that by 2022, 35% of renters looking to buy will be interested in having a home with smart security systems. If you’re targeting the first-time buyer market, having smart security systems (or at least the infrastructure that enables them to be easily installed) could make your home more attractive.
For more advice on selling your London home, Properly are your local property experts – and we’d love to help you!
If you’re thinking about selling up, give us a call today on 0207 459 4400 or email us at firstname.lastname@example.org for a chat to find out how we can help.
London Youth work to improve the lives of young people in London, challenging them to become the best they can, and last year helped over 27,000 young people through their sports development, youth action and involvement, arts and outdoor education programmes and employment prospects. We feel strongly that all young people should have an opportunity to develop themselves, and so are delighted to be able to support London Youth in their work, providing young people with access to opportunities they might not otherwise have had, to learn new skills, to make a positive change in their communities and to shape the city they live in.
Glass Door helps homeless men and women in London through their large network of emergency shelters and support services. These winter shelters provide a warm welcome, food, safety and shelter for up to 170 people every night. Properly feels passionately about the issue of homelessness. That is why we are delighted that together with our clients we can assist Glass Door in their fantastic work to help some of the most marginalised people in society.
Families become homeless for reasons we can all identify with. We are concerned about people who are struggling to keep things together in our fast-paced world – and we care about those who have no support. We chose the Doorstep Homeless Family Project because they are passionate and effective yet they are a small team with limited funding. They provide homeless families, living in temporary accommodation in London, with access to services to secure the emotional and practical support they require to enjoy a better quality of life.
We need nature and nature needs us. We support The London Wildlife Trust because we share its concern for the environment. We want to ensure that we keep nature in mind as we work in the property market – and crucially, with people’s homes. We also want our employees to engage with nature and benefit from the wellbeing this brings. London Wildlife Trust cares for over 37 of London’s spaces, and their vision is: “a London alive with nature, where everyone can experience and enjoy wildlife”.
Both Michael and Mariel were extremely helpful with our questions going forward whether it be regarding referencing or the property itself. Definitely not the usual estate agent experience (in a good way) and I would recommend Properly to anyone.
Mariel and Michael have been absolutely great, by far my best ever experience with an estate agent. Properly is honest, upfront and friendly, responding really quickly to any and all queries and with a lovely personal touch.
The service is outstanding. Mariel could not be more helpful and professional. Every individual I engaged with, was well informed and had the full history of conversations. First class service.
We had the opportunity to interact with Michael of Properly in our search for a new rental flat. Michael was professional and courteous in our dealings with him. He was a pleasure to interact with and he frankly stood out amongst all the agents we interacted with over a search of several weeks.
Mariel and Michael made the process of agreeing a housing let incredibly seamless, stress-free and quick. Their timely communication and fantastic ‘customer service’ was second to none. Would highly recommend
Mariel helped me sell my apartment in West London. She was always there when I needed her. Her advice was invaluable and made everything a whole lot easier. I can’t recommend her highly enough.
We had such an easy and stress free move. Michael helped us with all our questions and was quick to find out any answers to our questions. Would highly recommend.
I was very impressed with the service I received. Communication throughout was very good. I have dealt with many agents, but the clear, concise and personable approach I received made Properly stand out. I wouldn’t hesitate to use them again.