According to a cleaning expert.
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These 8 Bow Decor Items Will Help You Nail 2024’s Hottest Home Trend
The Smartest Smart Home: Five Things to Buy Now that Will Help Sell your Home
If you’re getting ready to put your home on the market, you’ve undoubtedly heard that it needs to be in the best possible shape to attract legit buyers. But what else can you do to make it stand out? The answer: Turn it into a smart home.
Not only do smart home features make your place seem updated and well-taken-care-of, but they can also make your home sell quicker and fetch you a higher sales price. “According to a 2017 survey conducted by t3 sixty, a brokerage consulting firm for residential real estate, 40 percent of realtors believe smart homes sell faster, regardless of price,” said Cornerstone Home Lending. “This smart home selling potential has increased 33 percent in the past year.”
If you’re ready to invest a few bucks into some Smart Home features, here are the ones that should give you the biggest bang for your buck.
Home security
T3 Sixty research confirms that home security and video “is the fastest growing sector in smart home technology,” said Coldwell Banker in its Smart Home Study. “The T3 Sixty survey shows that 36.4 percent of homebuyers ask most often about smart home security. Video feeds allow homeowners to easily check in on their home, pets and family while traveling or at work. It is also the Smart Home feature that consumers respond to most in marketing.
This exploding segment of the Smart Home market accounted for just under $2.6 billion in sales in 2015, according to Statista, and more than $6.7 billion as of 2017. “It is expected to surpass $20 billion by 2021.”
Smart appliances
“Smart appliances win big in the ROI game, expected to bump the average ROI up 11 percent more than standard appliances,” they said. “In the 2017 Concept Community study conducted by MFE, 18.2 percent of people listed appliances as the smart home feature with the highest ROI.”
Smart lighting
Automated lighting was noted by more than eight percent of participants in the survey as having high ROI when it comes to smart home features. This feature is especially salient when real estate agents point out not just the ease of use of the lighting system, but also the potential savings. Energy.gov says that “LED lights use at least 75% less energy, and last 25 times longer, than incandescent lighting.”
Smart thermostats
This is an easy “entry point” into smart tech for home, and one that can have a great ROI. It is also another item that real estate agents should be pointing out to buyers,” said New York magazine’s Intelligencer. “The core of the smart home is about the service, right? So you can show how it will change and affect your life and how you interact with your house. If I walk into four houses in the same neighborhood, and one has a Nest thermostat and the agent has educated me that it could save 10 to 12 percent in my heating and cooling, that’s going to stick out in my mind. While the other houses maybe I’m going to forget about. The thing with having a smart home is, you have to work with a listing agent that can convey those benefits because if you don’t, it might as well not even be there — it just doesn’t matter.”
According to a Nest study, the company’s smart thermostat saved consumers on average 10% to 12% on heating and 15% on cooling,” said Security Sales and Integration. “Based on typical energy costs, that translates to an average savings of $131 to $145 a year.” | BidBuddy.com
The $10 Valentine’s Day Gift My Husband and I Actually Use All the Time
You might be overlooking this sweet but simple option.
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Mortgage Rate Cuts, Second Homes, and The TRUTH About Real Estate
The Best Induction Ranges to Upgrade Your Kitchen
Enjoy the speed and precision of induction cooking with the best induction range for your kitchen. | BidBuddy.com
Anywhere expands board with investment firm leader Joseph Lenz
Joseph Lenz is a managing director and co-head of research at TPG Angelo Gordon. He becomes the 13th member of Anywhere’s board this week after the franchising giant added a seat. | BidBuddy.com
Current Obsessions: Be Mine
Happy Lunar New Year to all who celebrate, and pre-Valentine weekend, too. Ahead, 10 things we love…
Above: Inside the serene London home of the founder of cult jewelry and homeware brand Completedworks. Photograph courtesy of The Modern House, from The Right Formula: A Restrained Renovation by A British Jeweler.
* Margot dropped into Shoppe Object last weekend; her favorite new finds: classic wool blankets from Civil Alchemy; French striped linen tea towels from line Charvet Éditions and French striped wool throws from Moismont; embroidered quilts and patchwork oven mitts from Japanese fashion line 11.11 / Eleven Eleven; jewel-toned glassware from Sir/Madam; and taper candles from British Colour Standard.
* Refresh your favorite stained clothes by dropping them off (or mailing them to) Suay Sew Shop in DTLA, now offering a monthly “community dye bath.”
* Japanese brand Kinto makes its East Coast debut.
* Save the date for “brunch and super tableware deals” at DBO Home’s ceramics sale pop-up at Ilse Coffee in New Canaan, CT, Feb 18.
* Eagerly awaiting the arrival of BLK MKT Vintage: Reclaiming Objects and Curiosities That Tell Black Stories, available for pre-order now. (Meanwhile, follow @blkmktvintage.)
* Ever in search of good house slippers, we like this pair in celebration of The Year of the Dragon.
* Researching our 7 Best Canvas Tote Bags post, we were happy to see that Bag.uettes, makers of fanciful bread bags, offers easy-to-follow, no-waste patterns—including, yes, a tote.
* The ethereal appeal of Chinese lanterns in floral arrangements.
* Building a garden from scratch? Here are six elements that make a winning outdoor space.
* And for the Valentine who has it all: world’s best-looking TP holder, now in pink. | BidBuddy.com
Need a roomie? Zillow now allows you to list single rooms for rent
Landlords now have the ability to list single rooms for rent on Zillow, as affordability concerns relegate more renters to living with roommates. | BidBuddy.com