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HOW MUCH DOES A SMART HOME COST?

A woman building a smart home.

Whether you’re just getting started with the idea of a smart home or are ready to take the plunge, you’ll want to know everything you need to know about the cost of smart home devices before you make a final decision. Smart home technology has come a long way in the past few years, and we’re only just scratching the surface of what’s available and what you need to know about the costs involved. Of course, the biggest question in front of any smart home enthusiast is how much does a smart home cost? Today, the customer is spoilt for choice, and making decisions about the options that give the best value for money can be tough and cumbersome. 

What is a Smart Home?

A smart home is a home with technology that connects to the internet and automates many everyday tasks. Prominent features include voice-controlled lights, locks, thermostats, speakers and doorbells, to mention a few. The most critical question you need to answer before attempting to create a smart home is what you want it to do for you. Do you want a set of security cameras? Are you interested in controlling your entire house from your phone? And what about entertainment options? By considering all of these questions before beginning any project, you’ll better estimate how much it will cost. For example, if you want high-tech sensors and cameras to cover every inch of your house, it will likely be more expensive than if you were content with a few lights and speakers.

Choosing the Right Solution to make the Smart Home

If your budget is on the lower end, you can opt for the DIY route. The market is full of options that you can set up yourself through an app. Smart light bulbs and wireless speakers are among the most popular choices in this category. Others like smart thermostats are also available but will need the help of a person with basic knowledge of wiring. The most significant advantage of these products is that they are easy on the pocket. If functionality is of paramount importance to you, consider installing a professional home automation system. The upfront cost will be higher, but it will prove more reliable in the longer run.

What You Need for a Smart Home

The cost of smart home technology can vary, depending on what you’re looking for. One thing you will need for certain is a strong internet connection and a very good internet router. A smart house will struggle to work well together without it. Furthermore, you need which smart home hub you will connect all your devices to. to. The costs to install the internet and the smart hub are fairly small, often only requiring you to pay for the devices themselves and a one-time installation fee for the internet connection.

A woman controller her smart devices.

Cost of Smart Home Devices

The cost of a smart home device depends on the type of device and the company that sells it. For instance, there are pricier devices like the Nest Learning Thermostat that will cost you around $249, but there are also more affordable options like the TP-link Wi-fi Smart Plug, which only costs about $25. Additionally, some companies offer subscription services for their devices, whereas others will sell you individual products. Smart home device prices vary from company to company and from product to product; however, most price tags fall in three different ranges: Affordable – This is usually when something costs $25 or less Mid Range – This is usually when something costs anywhere between $26 and $200 Premium – This is typically when something costs over $200.

Connected Thermostat Costs

Connected thermostats are one of the most popular devices for a smart home. They offer control over your cooling and heating remotely, which can be very helpful in an emergency or natural disaster. Furthermore, you gain access to it while away from home, allowing you to pre heat or pre cool your house before you get home and turn off or turn down the systems while you are away. Devices like Google Nest can cost in the neighbourhood of $120.

Connected Light Bulb Costs

Connected light bulbs are one of the most popular smart home devices because they provide a way to remotely control the lights in your home. There are plenty of options for you to choose from when it comes to connected light bulbs. One of the more popular brands is Philips Hue, which has three different bulb types available: white and ambience, white and tunable, and tunable. The first two types will only set you back $49 for a starter kit with three bulbs and a hub plug into your wireless router. The third type costs about $99 for just one bulb and a hub. 

Smart Home Window Shades Cost:

Cost undoubtedly is a significant factor in deciding the smart window treatments for the home. The final product’s price tag depends on many factors like the type of window treatment you want, the fabric, and even the features that you require. A variety of smart window treatment options are available these days, namely motorized window shades and blinds. 

Smart home window treatments or motorized window shades are commonly known as automation systems to cover the windows. They can operate based on the pre-programmed schedule even when the owner is not in the house. In a simple programmed version of a motorized window shade,  if there is some movement, the sensor detects it and lowers the shades, and once it ascertains that no one is around, it raises the shade back again. These automated systems give the owner the luxury of controlling them even remotely through the tablet or the application. The requirements to install the motorized window shades are a power outlet, a power cord that is compatible and a remote. These motorized window shades add distinct beauty and charm to the house as the look becomes contemporary and cosmopolitan. They are customizable and are available for as low as $100 and can go into the thousands, depending on your sizes and the specs you decide to go with. 

The Need for Having a Smart Home

One should be clear about why smart home is a desirable option. One of the biggest reasons homeowners opt for smart homes is savings on electricity bills. They can do it by using smart thermostats and smart shades. You can set the temperature schedules and ensure that the thermostat is turned on when they enter the house. In the same way, the owner can have smart lighting, enhanced home security and convenience in their life through smart homes. The energy efficiency gained through these allows you to save money over time, and eventually, you might even offset your home automation cost.

Conclusion

Smart home technology is changing how we live, work, and play; it’s also changing the way we spend money. As you become more educated about innovative home technology, installers and manufacturers will be able to make better recommendations about a plan in line with your budget. The cost of a smart home will also vary depending on factors like the size of the house and the complexity of the system. If you’ve never researched a smart home before, knowing what you can expect to pay is good. By understanding the different parts of the smart home and the costs associated with each, you’ll be able to make better decisions about what you want and how to trade-off between cost and features.

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