Users are willing to pay up to �3,000 more for a house equipped with smart home technology

Smart home technology could increase property value

Smart technology including smart alarms, thermostats and doors and windows with sensors could make properties more attractive for buyers, according to a survey.

Smart-home technology placed after solar panels and fibre optic broadband connections in a survey by Barclays Mortgages, which questioned participants on how much more they would be willing to pay for a house equipped with such technological systems.

Up to 28 per cent of those questioned said they would be willing to pay on average £3,000 extra for a house if it possessed some of the cutting edge smart-home features.

The trend for increasing importance of technology in people's lives was highlighted by the fact that more people would choose fast broadband over a bigger garden, the Digital Homes Report stated. Some 30 per cent of those surveyed said they believed that installing more technology would increase the value of their home.

"It's really fascinating to see from the Barclays Mortgages Digital Homes Report, how peoples' attitudes to connected technology are changing and adapting in the modern world,” said property expert and TV presenter Amanda Lamb.

"In my years of dealing with the UK property market, I've seen plenty of trends come and go. However, digital homes are really here to stay and this space is something I see really growing over the next three to five years."

Buyers in York were found to be the most likely to invest more in home technology, followed by those in London and Newcastle.

The Internet of Things trend, though attractive for many users, still raises concerns. About 61 per cent of respondents were worried how using too many Internet-connected devices in their home would make them vulnerable to cyber-attacks. 58 per cent even said smart home networks could enable burglars to find where there is no one in the house.

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