Want a Smart Home? Start With a Refinance

At the turn of the 20th century, a “smart home” could be anything from a house with a security system to a house with a motion light.  The technology has expanded in leaps and bounds, building to where we are today.  Homes have exciting new features being added every day.  Smart thermometers, active security systems, homes with speakers ran throughout the home, lights that learn when you want them on, and on and on.  They are changing the way we live in our homes.

What, then, defines a smart home? 

Realtors and sellers are using the phrase to help move their homes, but is it the presence of a learning thermostat that defines a smart home?

A “Smart Home” home that is equipped with network-connected products (i.e., “smart products,” connected via Wi-Fi, Bluetooth or similar protocols) for controlling, automating and optimizing functions such as temperature, lighting, security, safety or entertainment, either remotely by a phone, tablet, computer or a separate system within the home itself.  The home must have a smart security feature or a smart temperature feature in addition to a reliable internet connection. It then must include at least two features from a list of smart options, including appliances, entertainment, lighting, outdoor sensors, and safety detectors.

Now that there is a clear definition, homes can really sell based on their attributes, not a nebulous claim of being a “smart home”.  This builds trust in the term, and makes it more likely that a buyer will trust a seller and realtor when they buy.

How does this increase your value?

It can also help increase the value of YOUR home.  You can use a Cash-Out Refinance to help add smart technology to your home, and increase the value of your home while you lower your monthly payment and interest rate.  You can take money out of your home for projects like a learning thermostat, new security system, a home theater, or whatever the newest and greatest technology is.  Make your home what you want it to be.

If you’re ready to turn your home into a “Smart Home”, call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, or Indianapolis at (317) 550-1515. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. We work hard to make it easy on you.  Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?

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