With the so-called smart home in Philadelphia and elsewhere, a curious matter is raised about its impact on real estate market values. According to seasoned realtor, Zachary Vichinsky, home automation systems, which will allow homeowners to control lighting and shading, HVAC, music and video, and other functions, will definitely increase any home’s market appeal and price. Vichinsky recalls a certain buyer who reiterated that one of the main reasons he had bought a particular house from him was because of its automation technology.
Home automation is generally new to the real estate market, and yet it’s already making significant waves. Data from the Consumer Electronics Association and the National Association of Home Builders claim that any sort of home automation system, such as an automated security system, or a series of installed motorized blinds and shades from companies, such as Allure Window Treatments, can increase a home’s resale value by about three to five percent.