6 Benefits Of Adding Smart Tech Upgrades To Your Flip
Fix and flip investors have recently seen increased desire for technological upgrades and increased home system automations. Having the foresight to add such updates as available features help to promote and sell what become their most marketable properties.
Homes with smart tech upgrades have a higher demand compared to non-updated homes, and they fetch more money.
Many younger home-buyers are tech savvy and looking for ways to make their lives easier and their home more efficient. Wise fix and flip investors can target young professionals by incorporating smart tech upgrades when renovating properties.
There are numerous benefits of automating properties to both the investors and buyers.
1. Increased Security
When fix and flip investors incorporate smart tech upgrades to properties, they ensure that security is optimized for future homeowners. How so?
Picture a scenario where an individual has left for work in a rush, and later realized that they think they forgot to lock the front door. This means that they may be unable to concentrate well and would be uncomfortable at work, worrying about who may enter their home.
However, when smart tech upgrades are incorporated into a home, a homeowner can lock their doors or man an alarm with just a tap of their finger.
The aforementioned is not the only way that smart tech upgrades enhance the security of a home. When a home is automated, homeowners can elect to get an alert anytime somebody enters the premises.
Therefore, they can monitor who gets into the house even in their absence. Whether it’s someone expected like the dog walker or the cleaning staff, or an unwanted intruder, they will be informed and can call the police immediately if necessary.
Smart tech upgrades in fix and flip properties often include temperature adjustment technology. Investors can have contractors install this system and then use this feature as a selling point.
Imagine a potential home buyer is a young professional who typically leaves for work very early in the morning. He or she realizes they forgot to adjust their home’s temperature before leaving.
A smart temperature system is of great convenience to them because it lets them adjust their thermostat from their office. This can allow them to save energy when they are not home, and make sure a pleasing temperature is ready to welcome them home at the end of a long day.
3. Enhanced Energy Efficiency
In the past, increased energy efficiency typically only meant adding more insulation and checking for good window and door seals. These days adding the option of automating properties when renovating them leads to new ways of enhancing energy efficiency.
Saving energy and lowering utility costs is one of the most important factors that home-buyers consider. So, if investors automate the homes they fix, they increase the market value of the properties. A home that is energy efficient will always sell faster than one that’s not.
So, how does automation improve energy efficiency? The homeowner can remotely turn off appliances and systems when they are not in use.
Smart upgrades mean that they’ll easily have control of their home even when out for the day. Moreover, many of the products that are installed in modern homes guide the homeowner on how to control their appliances to achieve maximum energy efficiency.
4. Saving Time
Young professionals work hard and play hard, indulging in a lot of work and leisure activities that take them out of the neighborhood and their home. This means that they have limited time on their hands, forcing them to carry out various tasks sometimes in a rush.
They may have long lists and digital calendars of scheduled tasks, which require them to make the most out of any work day or night off. Therefore, stopping over at their house to do a few tasks on their lunch break or before going out may prove difficult.
Luckily, some insightful fix and flip investors have identified the niche of incorporating smart tech when evaluating and renovating properties. An automated home will allow buyers to go about their busy schedules without having to worry about the condition of their home.
They are used to everything being online and available on the go and will benefit from the convenience of smart tech in their homes. Today homeowners can access many home devices by the tap of their fingers.
This is a plus for investors because those hectic and busy individuals would prefer to buy convenience and a modernized home.
5. Saving Money
An automated home is not only efficient on energy and the environment, but also on money. Today, young people are quite insightful. They have realized the need to save resources along with money.
Fortunately, smart tech upgrades in fix and flip properties enable them to save a lot. Young buyers are now looking to buy such homes because they can have a positive environmental and energy impact and allow portions of their income to be redirected to other investments.
Home system upgrades and smart technology save buyers money in the long run. Smart tech upgrades give the homeowner active control of their home systems and appliances.
This means that when they’re not in use, they can power them off even from the convenience of their office. Ultimately, their utility bill costs will decline.
In addition, they can save a lot on gas money. How? They no longer have to drive from their work to home just to close a door, set an alarm, meet a worker, monitor someone’s work, or adjust their thermostat.
6. Remote Monitoring
For previous generations, if they had to go on a business trip or took a vacation, they had to leave their keys and home in the care of a neighbor, and were unsure what the neighbor could potentially do with their belongings.
Luckily, a modern automated system gives a tech savvy buyer control of their home when they’re away. If there are chores that cannot be left undone such as feeding a pet or watering the plants, they get to control when the neighbor enters.
Unlike in the past, they get to monitor what’s going on in their home and truly control access.
Contact Orchard Funding Today
The real estate industry continues to thrive, with new opportunities coming up every day especially in this technological age. The fix and flip strategy remains common among real estate investors.
However, renovating and modernizing a property is capital intensive, and investors need to rely on secure financing options. If you are a fix and flip investor, contact Orchard Funding to talk to a loan adviser today to secure what you need to have your properties give you the best return on your investment. Call Orchard Funding at (310) 356-7373 today.