Are Home Prices Headed Toward Bubble Territory?

Are Home Prices Headed Toward Bubble Territory? | Simplifying The MarketTalk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the […]

An Honest Look at Unemployment Numbers

An Honest Look at Unemployment Numbers | Simplifying The MarketLast Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao: “We saw positive job gains, but I think the sentiment is largely negative […]

How Remote Work Can Power Your Vacation Home Sale

How Remote Work Can Power Your Vacation Home Sale | Simplifying The MarketThis year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.” Buyers are taking advantage of the fact that working from […]

A New Way to Shop for Homes in a Virtual World

A New Way to Shop for Homes in a Virtual World | Simplifying The MarketIn a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live. This year, rather than delaying their home purchases, buyers – alongside their trusted real estate professionals – […]

With Home Values Surging, Is it Still Affordable to Buy Right Now?

Housing inventory is at an all-time low.Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight […]

Knowledge Is Power on the Path to Homeownership

Knowledge Is Power on the Path to Homeownership | Simplifying The MarketHomeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back. Today, there are over 75 million Millennials and 67 million Gen Z’ers […]

5 Tips for Homebuyers Who Want to Make a Competitive Offer

5 Tips for Homebuyers Who Want to Make a Competitive Offer | Simplifying The MarketToday’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the homebuying process. […]

New To Smart Home Technology? Read This Before You Buy
Article by: Ed Carter

Smart homes are all the rage, and there is a good reason for that. They are more efficient and offer people with disabilities (or those aging in place) more freedom to live alone than ever before. When you’re in the market for a luxury home, you may find that smart home features are already included. However, when your budget leans toward modest, you may have to upgrade after you buy.

Here are a few smart home devices to add to your list.

  • Alarm systems, security cameras, locks. A smart home security system is a great way to keep your property under your own watchful eye 24/7. And as GearBrain explains, this feature may improve the value of your property.
  • Smart switches. A smart switch allows you to control any item that plugs into the wall from your smartphone or computer. You can, for example, turn your lights on and off from anywhere in the world if you’re on vacation, or turn on your garage heater to keep things toasty and warm before you head out for the day.
  • One of the most energy impactful devices available today is a smart thermostat. Efficiency Vermont explains that a smart thermostat can be set according to your family’s habits. This means it will know when to heat things up or cool things down.
  • There are numerous benefits to smart lighting. Nationwide explains that one of these is that the right bulb can help you get to sleep. Having the ability to control your home’s brightness without having to get up and flip switches is a definite plus for those in wheelchairs or with mobility problems. Motion-activated lights are also useful for people with visual impairments.
  • Smart appliances (refrigerator, dishwasher, washer, dryer, etc.) are not only energy-efficient but can also reduce your workload. A smart dishwasher, for example, can detect food particles and keep them from re-depositing on your dishes, which will reduce the need for handwashing.

Smart home tips

Having a smart home is an investment. But a few things you can do to protect the money you’ve spent are to focus on cybersecurity and to add features one at a time as you acclimate to a new way of life.

If you’re not tech-savvy, take the time to read up on ways to protect your home network so that hackers can’t log into your smart devices. Digital safety is just as important as physical safety in today’s day and age. Make sure your network is password-protected and secure before adding smart home devices.

You’ll also want to take into account where these devices will be placed and how well they will blend into your home’s current design. Many items such as a video screen smart home hub (like the Echo Show) will look in-place in any room, but your smart thermostat or other plug-in devices may stand out. Make sure to purchase colors that blend in well, and, if you would prefer a more rustic look overall, use plants, picture frames, and other decorative items to camouflage your touch of tech.

No matter your experience level with smart tech or your budget, these devices are a great addition to any home. Beyond energy savings, remote-controlled lights, thermostats, security systems, and other tools are a great way to enhance your home’s value and livability today, tomorrow, and beyond.

On the lookout for a smart, new home or a home you can smarten up? Eileen Kedersha has the experience to find exactly what you need at the price you want to pay. For help finding your next property, call today at 954.462.3600.

 

 

 

 

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Key Terms to Know in the Homebuying Process [INFOGRAPHIC]

Key Terms to Know in the Homebuying Process [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • Buying a home can be intimidating if you’re not familiar with the terms used throughout the process.
  • To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way.
  • The best way to ensure your homebuying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher’ by putting your needs first.