How Much Does A Smart Home Cost?

How Much Does A Smart Home Cost?

The thought of having a smart home that takes care of it all of its own functions sounds like something we could all use. However, when you start looking at the price of these devices and wondering how much does a smart home cost, you might be a little taken aback.

When figuring out whether a smart home is right for you, you certainly need to keep your budget in mind. However, the automatic of these devices means they’re actually saving you money in the long term, so how do we know if it’s truly worth it?

This simple guide can show you some of the basic smart house costs and what reduction they might offer on other costs that you have around the home. You’ll see just how beneficial the right choice of smart devices can be when you use them in the right way, and where the savings are possible.

How Much Do Smart Homes And Devices Cost?

Handgiving Money

A smart home is a home that has one or more devices that help with automation by using schedules or sensors. These devices can be controlled by smartphones, home assistants, or with a touch screen, but for the most part, they are capable of operating on their own.

Within this realm of smart homes, there are a few key devices that we are seeing at the moment. Each of them comes with varying features and quality, and thus the prices can change quite dramatically. On average though, this is what you can expect to pay for the following smart devices:

Smart Thermostat

This connects to your home’s heating and cooling functions to deliver the optimal temperature. It works by learning your schedule, using complex sensors to monitor conditions, or with manual adjustments through your smartphone or tablet.

The average cost for a quality smart thermostat is between $100 - $200, though they can go up in price if they’re feature rich.

Smart Doorbell

A smart doorbell features a video and audio function that means you can see who is at your door and communicate with them, even if you’re not home. They’re a security device that can also record video at all times, with high definition and night vision capabilities.

The average cost for a smart doorbell is around $100 - $150 but again it will depend on the features and quality.

Smart Lighting

This is lighting within your home that can is automated depending on the time, weather, and other circumstances. It can turn lights on and off remotely, dim or brighten, change colors, and sync up with other smart devices for anywhere for added security or comfort, and depending on the system installed it can cost upwards of $50 just for the control system.

Smart Appliances

A common smart appliance is a refrigerator that is capable of making shopping lists depending on what food is left, and also suggests meals and foods that are healthier. They retail for anywhere from $2,000 and can be quiet expensive in the higher end of models.

How Do You Save By Using Smart Devices?

Using Smart Home Lights

Having a smart home means you can decide which devices would be truly beneficial for you and choosing just those. When you sync them together, you’re usually capable of even more efficiency and innovation, as well as further cost savings. These are some of the ways that a well-placed smart device can save with its automated functions.

Security Costs

There are some great smart security devices that can save you money. Whether you have an installed security system camera setup, or a security company that patrols your area, you can cut all of these costs with just one device.

A smart doorbell can record video, set off alarms, and even contact emergency services in some cases, replacing all of those devices with one more affordable system.

Heating And Cooling

Most quality smart thermostats are able to save the average household close to a quarter of their energy bills. Best of all, you can get one for around $150 which will end up paying for itself by the end of the first year. Without leaving on systems when you’re not home or overheating and overcooling without a thought, you can save hundreds each year.

Lights

Lighting takes up more money than most people realize, especially when lights are left on during the day or while we’re sleeping. Controlling the interior and exterior lighting with a smart hub and the right LED lighting can potentially save you hundreds of dollars a year when done correctly.

Insurance

There are some insurance providers that offer rebates and discounts to homes that are fully equipped with smart devices. Speak with your provider about what’s possible and if they offer these special services for anyone with a functional smart home.

Maintenance

Some smart devices can help you save on ongoing maintenance. They can detect water and gas leaks, see what appliances might be chewing electricity, and even water your gardens automatically.

A Small Outlay Now For Large Savings Later

Dollar House

On average, it’s expected that a smart home will end up saving around 30 percent of your total household costs which is quite significant. Although it can seem like a lot when you’re first purchasing the devices and setting up your smart home, you’ll start to see the savings almost instantly and understand just how beneficial they’ve been.

The average American household is changing and this new generation of smart homes is the way of the future. Not only do they save you a lot in terms of convenience, but they can cut the costs of running your household by a whole lot and help move you into the next phase of home ownership.

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