Do you put "smart" products in a rehab?

Do you put "smart" products in a rehab?

Grayson GrahamPro Member
Investor · Bend, OR · Member since 2015 · 83 posts · 51 votes

My (business) partner and I got closed on a fixer-upper in Indianapolis recently for $58k, we are doing a $70k rehab with the goal of having a $200k ARV. Where I live in Bend Oregon $200k wouldn't buy much, but to hit that price point in Indianapolis we are doing a lot of nice finishes; Quartz countertops, wood floors, etc. What I'm wondering is whether or not we should spend ~$700 on putting in some basic smart home features?

Here is what we are thinking:

  • Nest Hello Video Doorbell
  • Nest x Yale Deadbolt
  • Nest E Thermostat
  • and a Nest Hub touchscreen mounted on the wall.

Everything would play nice together and be easily controlled through the users phone, voice (Google Assistant), or the hub on the wall. Here's a short video showing off all the products working together: 

However I have some concerns... Will older buyers be scared away by the technology? Is it a mistake to commit the buyer to a specific smart home platform, when they may prefer to use Alexa or Siri instead? How will the buyer be able to test the features without WiFi? Would it be worth it to put a hotspot in the home so that buyers can test it out?

I would love to hear your stories about putting smart home features into flips! Thanks!

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Greg ScottPro Member
Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
6y

Even within Indy, the answer will vary by submarket.   The easiest way to find the answer is ask the market itself.

Look for properties in that neighborhood that sold for $200K and see what finishes they had. If the realtor felt it was important to buyers, it probably will end up in the listing descriptions.

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  • Greg ScottPro Member
    Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
    6y

    Even within Indy, the answer will vary by submarket.   The easiest way to find the answer is ask the market itself.

    Look for properties in that neighborhood that sold for $200K and see what finishes they had. If the realtor felt it was important to buyers, it probably will end up in the listing descriptions.

  • Rental Property Investor · Los Angeles · Member since 2019 · 146 posts · 101 votes
    6y

    I would just put nest and call it day.   I have worked on multi-million dollar flips in LA and have gotten away with just a nest.   Especially at that price point not necessary.

  • Cincinnati, OH · Member since 2020 · 4k+ posts · 3k+ votes
    6y

    @Grayson Graham, generally I would say save your money.  My wife and I flip nearby, in Cincinnati, OH, and in similar price points (mid 200's on last few).  I do think a Nest is a nice touch in general, maybe some USB outlets in the kitchen.

    In general, smart home items are of interest to men, and women make home buying decisions, overwhelmingly.  As mentioned, your market should dictate, but in most it is not expected.  And there are many people, my wife included, who are 100% against smart locks, and generally tries to limit screens and always-on speakers all over the place.

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