Does Home Automation Increase the Value of Your Home?

Did you know that two-thirds of all Australian households are fitted with smart home products? This means around 6.3 million homes have smart home automation systems like home security camera installations on their property.

According to the findings of the Telsyte Australia IoT@Home Market Study 2021, it was found that at least 1 million homes purchased IoT devices to make their homes more hi-tech. But why has the interest in smart home automation systems increased? And where you can find a licensed electrician in Dandenong, who can install home automation technology for you?

We answer these questions in this article.

The pandemic drives investment in smart home automation systems
Although Australians were aware of the benefits of home automation, it was the coronavirus pandemic that drove up interest and demand for these technologies.

According to the results of the 2021 Houzz & Home Australia Study, as more people began spending more time at home, there was an increased interest in finding ways to renovate or upgrade their homes to become –

• More efficient.
• More sustainable.
• Smarter.

Home renovation expenditure, which included smart technology installation, increased by 5% across the country. Licensed electricians were the most-hired professionals, with major requests being home security camera installations, aircon installations, and other smart technology installations.

Of these, almost 2.9 million Australian homes had at least one Google or Apple home automation product. Every 1 in 10 households also invested in a robot vacuum that would partially automate home cleaning.

It is believed that by 2025, 33.8% of all devices used in Australian homes will be IoT home automation systems

Will smart home installations increase Australian domestic property value?

Immediate comfort and convenience aside, what exactly justifies investment in smart home automation? Will aircon installations, home security camera installations and other smart technology fixtures add any economic value to the house?

As it turns out, they will for the following reasons –

Home automation will make properties safer

Home security camera installations are a great example of technology that parents can use to keep an eye on their children and pets. Once Aussies return to work at the office, smart cameras can help them monitor the safety of their families and their property.

Home automation will facilitate fast response by critical service providers

Smart technology like Amazon Alexa and Google Home has the ability to integrate with other applications used by homeowners, across devices. Users can use voice commands to do everything from switch on lights to call emergency ambulance services. When home automation is installed, the entire property becomes much safer and more navigable for people in case they’re unwell or injured. With simple voice commands or the touch of a button, you can call critical service providers such as paramedics, the police, pharmacists, etc. when needed.

Home automation will make homes easier to maintain

As seen by the Telsyte Australia IoT@Home Market Study 2021, many Aussies have already invested in a robot vacuum, which can be controlled through smartphones. At least 51% of survey respondents said they were eager to get better home cleaning technology to fully automate maintenance. It’s easy to see the appeal of having smart technology that will take care of the cumbersome and time-consuming jobs such as vacuuming, washing the floors, dusting, etc.

Home automation will add an aesthetic and aspirational appeal to the house

There’s something about smart technology that elevates the appearance and feel of homes. Having a fully automated home that can be controlled through your phone, can offer a luxurious vibe to new home buyers. Just imagine opening the smart garage door in time for your return home, so you don’t have to get out of the car to open it? Many homeowners would prefer that convenience.
Plus, if you are selling your home, demonstrating how the smart technology works, can be a great way to show off the house to prospective buyers.

Combining all the above reasons, it is easy for homeowners in Australia to demand a higher sale price from buyers because of the hi-tech elements of the house, that improve connectivity and convenience inside the house.

At Wingham Electrical, we are a reputed and licensed electrician in Dandenong. We can fit your home with a variety of smart home automation systems that will transform your living experience. Contact us to know more.