Can A Nest Thermostat Increase Your Home’s Value?

Can A Nest Thermostat Increase Your Home’s Value?

Smart Home Technology

Writing as someone who owns a Nest thermostat it is an invaluable tool for my everyday life. A Nest thermostat is also a relatively cheap investment being anywhere from $130 to $200 depending on where you buy it and follow sales. But the real question here is can you increase your home’s value with the implementation of a Nest Thermostat?

It Really Depends On the Type Of Buyer

Someone has to understand the value of the thermostat to really appreciate it and see it’s value. These things are also not as easy to install as it looks online especially if you’re not a “handyman”.

This added barrier can actually increase the default face value of adding the thermostat in your home. The addition of a Nest thermostat can help reduce electric bills which if you’re trying to sell your home as being “green” this can certainly help with that.

It Also Depends On How You Educate The Potential Buyer

If you’re actively trying to showcase as your home as a smart home this will make the item appear more valuable. For instance a Nest Thermostat can save you 10to 12 percent on your heating and cooling bill. If your agent is educating the potential buyer of this then it will stick in your mind. This is especially true if your home is in an area where such amenities isn’t common.

When you’re selling a smart home you want to make sure that your agent understands the benefits and is conveying those benefits to potential buyers. Otherwise buyers who are not educated on the benefits might just see a shiny thermostat onto your wall and wonder why.

Putting It All Together

Yes, a Nest Thermostat can increase the value of your home albeit that value isn’t as simple as a round about figure. If you’re adding such a feature to your home and are looking to sell make sure that your listing agent is educated on this amenity.

If you’re trying to sell a smart home with an uneducated listing agent the benefits of such features will be lost on potential buyers. Which means that all that expensive technology you have just added to your home including the Nest Thermostat won’t provide you any benefit.

 

 

Angelo Carducci
Angelo Carducci
Angelo Carducci is a Dallas/Fort Worth REALTOR® (Broker: Fathom Realty) who brings you more than market knowledge, extensive marketing exposure for your home, negotiating skills, and more. 214-356-8586

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