Times are changing and technology reminds us of it on a daily basis. Priorities change because of it and wealthier home buyers are at the top of the list to prove it. Fancy and expensive wine cellars and tennis courts are no longer on top of the lists for those looking to amuse and entertain when purchasing a brand new home. Regarding homebuyers making over 250K a year, a fully automated/wired environment ranks in second at 32% in the list of “must-haves.”
This particular home buyer sector has an average home purchase of $1.6 million and more than a third own at least two homes. Since that bracket is not the majority, consumers should be aware that anyone can have home automation to simplify technology in their homes. The average cost to install home automation is about $5,000-$15,000, which is definitely doable for most and has become much more accessible through smartphone and tablet connectivity. Home automation not only simplifies daily technical operations in a home, but it also results in convenience, energy efficiency, and safety benefits.