Smart Home Features That Can Save You Money

Jun 15, 2021 | Gateway Blog, Problem Solving

Technology makes our lives easier, and has become so integrated in our daily routines that it’s only natural it has found a way into various systems at home. In fact, smart homes are expected to reach 40.1% by the end of 2021 and 57.3% by 2025. These statistics show the increasing necessity of smart homes, which were previously only considered part of a luxurious lifestyle.

There are a variety of reasons why you should consider adopting smart home technology for your home. Have you thought about the convenience of turning on your air conditioner with your smartphone? Or the peace of mind of checking whether your garage door is well shut through an application?

However, for many people, it can save energy and money with automated heating, lighting, and air conditioning systems that drive them. As technology advances and becomes more affordable, there are several home products that can save you money.

Smart Thermostat

Part of keeping your house cozy and comfortable is keeping it at the right temperature. Devices such as the Google Nest Learning thermostat can heat and cool your home as well as save you money. Though the initial cost of installation may be high, you are guaranteed to be financially better off in the long term as it “learns” your preferred home routine.

Smart Water Monitoring System

There is a higher chance of your home suffering water damage than a fire or theft. Smart water monitoring systems safeguard your home from water damage and leaks, which could save you lots of money in water bills and homeowner’s insurance.

Leaks could be small initially, but they could damage your home’s drywall if not spotted early enough. A smart water monitoring system could help you avoid this by alerting you about the smallest leaks so that they can be fixed quickly and with minimal surrounding damage.

Smart Lighting

Did your parents scold you for leaving the lights on growing up? The best way to cut down on electricity costs is through efficient use of electricity. Smart light bulbs can make a huge difference. They use 80% less energy than ordinary incandescent bulbs and last much longer. If you have children (or adults) who tend to forget to turn off a light when leaving a room, consider purchasing a motion-detecting switch that will serve as a backup, flipping the switch for them.

Make a Difference in Your Home with Smart Features

According to 2019 data, the average residential utility customer in the U.S consumes 10,649 kilowatt-hours (kWh) of electricity per year. However, there has been a steady decline in electricity use by U.S households, which is no coincidence with the rise of smart homes.

Gateway Realty would like to help you choose the best smart features for your home, whether you’re looking to install these in your new home or wanting to give your current home an edge against the competition before putting it on the market. Please contact us to learn more.

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