Are smart homes worth the investment?

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Adding smart features to your home is definitely not a must, but it can improve the quality of your life. Including them will elevate safety and security to the next level, while convenience is an added bonus. But, when the time comes to sell such a home, the presence of smart systems can make or break the deal, so this convenience factor can be the reason why someone decides to make a purchase. Be that as it may, the question remains –

Are smart homes worth the investment?

Let’s try to figure this out together by analyzing the pros and cons, and the features of a smart home.

smart homes

Not so long ago, controlling your home devices only by using your voice or being woken up by the smell of fresh coffee made by your espresso machine seemed like a scene from a SciFi movie. Nowadays, these benefits are a reality made possible by smart systems and devices. We can program them the way we want or let them recognize our particular daily habits.

What makes smart homes worth the investment?

Smart homes are more secure, and, in the long run, they can even benefit your budget. Moreover, they can help you be more environmentally-friendly. And don’t forget the convenience they bring!

Safety and security

The safety and security of the place we live in have no price. However, there are certain benefits that smart technology brings in this field. Here are some examples of smart features that can contribute to your home security.

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Smart smoke detectors

These devices can not only protect your family and your house from fire hazard, but they can also lower your insurance premiums by 5%;

Intruder prevention

A smart system can detect an intruder and prevent them from breaking into your home whether you are inside or away;

Smart door locks

This system allows you to let someone in without giving them an extra key to your home. For instance, this can be useful when you have guests staying for several days, and they need to leave home or get back while you are at work. In that case, they just need to enter the code you give them, and it will serve as a key.

smart homes

The good thing about it is that you can reset the code whenever you need to, so there is no need to change the lock when you decide to hire a new cleaner, for example.

Smart devices can be money savers

Just like we have already mentioned, smart devices can help you save some money on your insurance premiums. But that is not all. You can manage your gas, electricity, and water bills more easily when you live in a smart home.

Gas saving

The smart thermostats you can install in your home can be set to switch the heating off when you are away and turn it back on before you return home. That way, you won’t be paying for the gas used to heat an empty house, and a warm home will always welcome you no matter how long you have been away.

The more you are away from home, the more you will save on your gas bills, which is not the case in homes that are not smart. The same goes for those homes that use electricity for heating.

Electricity saving

Speaking of electricity savings, smart devices can help you increase those too. Smart systems will not let your TV stay on if you are away from home. Some will even switch it off as soon as you leave the room (unless you program them not to do so, of course).

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If you are ready to go one step further in making your home smart and energy-efficient, you can consider installing solar power panels. When it comes to lighting, you are probably aware of the difference between the introduction of LED lights made to your bill in the past.

With a smart lighting system, you have a magic wand that switches the lights off when you or any of your family members forgets to. The lights also go off when the system decides you don’t need them (lights outside your home, in the morning, for example).

Saving on water

If your smart home is equipped with smart showers, you will be welcomed by a warm shower already preset in the morning at the specific time you usually get up. It will inform you about the latest news and play your favorite music if you want to. Smart showers can be set to save water if the timer function is on.

smart homes

People living in areas where lawns need to be watered can find smart sprinklers rather convenient too. Bearing all this in mind, you should be able to see that smart homes contribute to green living. By using less water, gas, and electricity, we protect our planet and promote sustainability.

What are the downsides of having a smart home?

Making your home smart can be financially challenging. The features are beneficial, but only if you use them. Buying a home with devices and systems you don’t really need is a waste of money, so don’t be tricked by real estate agents into purchasing something that’s out of your price range. Real estate scams are very common, especially in areas that are popular among buyers.

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The problem with smart solutions is that the devices are not so easy to fix when something is wrong. Electricity shortages can cause damage to your smart home, and there is not much you can do about it.

Even though smart homes might be worth the investment, these features can be rather expensive to change or update. They can also be a deal-breaker when the time comes for you to sell your house, as some buyers find those systems redundant. If you strive for comfort, then smart homes are definitely worth the investment.

Are smart homes worth the investment?

We think the pros outweigh the cons, but it all boils down to your particular preferences. One thing is for sure – they bring the comfort of being able to control everything in your home by voice or a simple click of a button. So, there is no universal answer to this question; the choice is all yours.


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About the author

I am Adegboyega Tunde Temitayo. A registered Town Planner with the Nigerian Institute of Town Planners (NITP) and Town Planners Registration Council (TOPREC).

I love to think differently and possibly on various Urban and Regional Planning issues to proffer solutions to Urban and Rural Environmental Problems. You can subscribe to my YouTube Channel

As the Chief Editor of Town Planners Diary, I humbly welcome you to this platform which is about enhancing Planning Education through research on various Town Planning and Environmental issues.

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