Mortgage FAQ: Should I Invest in Smart Home Technology?
September 18, 2018
I’VE HEARD THAT SMART HOMES ARE ALL THE RAGE LATELY. IF I’M GOING TO SELL MY HOME, IS IT WORTH IT FOR ME TO MAKE UPGRADES TO MY HOME TO INCORPORATE SMART TECHNOLOGY?"
The answer to that question may be found in the old saying about “knowing your audience.” Smart home improvements—technology upgrades that make your home more convenient and efficient—can make your home more attractive or unique, but it may be more of a turn-off (no pun intended) to many buyers. Although controlling home systems such as heating/cooling, lights and security by smart phone is becoming more commonplace these days, that doesn’t necessarily mean it’s the type of improvement that will add value to your home or help it sell quicker.
The appeal of smart home technology is still somewhat limited to niche upscale markets so making these kinds of upgrades in your particular area may make your home stand out for all the wrong reasons. Also keep in mind that the technology is still very new and it’s likely to change quite a bit in the future. Much of the smart home technology that was installed in homes four or five years ago is now outdated. If you’re considering making smart home upgrades before you put your home on the market, it’s essential that you talk to your real estate agent first.
For more than 25 years, Omega Financial has been serving mortgage clients in Massachusetts. Our brokers have approximately 50 years in the mortgage business. You always will receive fast, courteous, and accurate information. Omega Financial, Inc. is a company duly licensed to operate in Massachusetts as a Mortgage Brokerage. We are located in the Town of Norwood, Massachusetts where we have been operating as Omega Financial Incorporated since 1988.
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