Is it Smart to Invest in Smart Appliances?

As our devices get smarter, our appliances are starting to catch up. Smart appliances actually work in similar ways, by doing tasks for you so you don't have to. But is buying a smart appliance a dumb investment? Let's look at the pros and cons.

First, a great advantage to smart appliances is their energy savings. Smart machines like dishwashers, water heaters and thermostats are especially good at reducing energy usage. Some of these devices can even determine the best time to run base on electricity peak hours on your grid. You'll quickly see the savings on your electric bill.

Next, while some smart appliances are worth buying, you may want to hold off on others. Machines like refrigerators, ovens, washers and dryers have also been given the energy saving treatment, but in some cases you're paying for extra features that can be done just as easily with your smartphone. For these gadgets, do a little more research before you buy.

Before you buy a smart appliance, consider if it has features you'll be using in the long run. By smartening up on these devices, you'll be sure to make a wise investment.

7 Features That Will Help Your Home Sell Faster
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Is it Smart to Invest in Smart Appliances? -- Savings Experiment

Buyers who want this feature: 93 percent

Cost to renovate: $2,637-$3,077 for an 80-square-foot space (replacing existing cabinetry, countertops, sink and flooring, painting the walls, and updating the plumbing and lighting fixtures)

Fifty-seven percent of home buyers say they wouldn't buy a home without a laundry area. "Having a separate room [to use for things such as folding or ironing clothes] helps to keep the mess out of your living space," says Paul Sullivan, a Newton, Massachusetts, remodeler and custom builder. "Potential buyers will see it as a huge benefit." The laundry room in this Charlotte, North Carolina, home has a space large enough for a full-size washer and dryer, storage space for folded clothes and laundry supplies, additional electrical outlets and a sink.

Buyers who want this feature: 90 percent

Cost to buy and install: $150 to $250 per fixture

Exterior lighting is the most-wanted outdoor feature, according to the National Association of Home Builders. "Exterior lighting -- specifically, wall lanterns and landscape lights for accent plus above ground spotlights aimed at the front wall -- makes an attractive first impression and enhance curb appeal after dark," says Neil Parsons, owner of Design Build Pros, a Toms River, New Jersey, remodeling firm.

The lighting at this four-bedroom, 4½-bathroom Cave Creek, Arizona, home illuminates the front walkway, with recessed fixtures along the front porch.

Buyers who want this feature: 89 percent

Cost to buy and install: $270-$800 per window

Swapping out your old windows for new fuel-efficient versions (similar to the window replacement done to this Lawrenceville, Georgia, home) will help your home stand out to buyers looking to cut down on utility costs.

Energy Star-qualified windows, which can help reduce energy bills by up to 15 percent, come equipped with an invisible coating, vacuum-sealed spaces filled with inert gas between panes, sturdier weather stripping and improved framing materials -- all of which reduce undesirable heat gain and loss in the home. "Buyers are most impressed with smart, energy-efficient choices that in no way limit their comfort, but in every way save them money in the long run," Lewis says.

Buyers who want this feature: 86 percent

Cost to install: $2,025-$2,363 for a 380-square-foot space (including adding cabinetry, a peg wallboard for tools and improved lighting and electrical circuits)

Buyers with growing families need lots of storage space. "A seller should ensure that such bonus space is easily accessible and wonderfully organized," Lewis says. Additional storage units in the garage (similar to this Wilsonville, Oregon, home) help to keep clutter out of the main living areas. Unlike an attic or backyard shed, the garage is easily accessible.

Buyers who want this feature: 85 percent

Cost to install: $1,000+

Eat-in kitchens are a must-have for many, especially families with children. "[It] adds soul to a home," Lewis says. It's a space where families often congregate in the morning for breakfast. Or in the evening for dinner so everyone can share highlights from their day.

If you're looking to maximize space by knocking out a wall to allow for a small table and chairs in your kitchen (similar to the recently remodeled Salt Lake City home shown here), you should first determine whether the wall is structural or load bearing, Parsons says. Another concern is the possibility of mechanicals in the wall, such as plumbing, duct work and electrical wiring, that may need to be removed, he adds. Lastly, once an interior wall has come down, the flooring material that surrounds the drywall and base molding will need to be patched up. Removing a wall is relatively inexpensive, but that price can quickly escalate if additional repair work is needed, Parsons warns.

Buyers who want this feature: 85 percent

Cost to install: Varies depending on design and location

Additional storage space in the kitchen is a big plus for potential home-buyers. Walk-in pantries that have built-in organization systems help make an tight space feel less cluttered. "The key is [having] strong adjustable shelving that allows people to change things around as their needs change," Sullivan says. It's a bonus if your pantry also allows you to neatly tuck away mops and brooms.

The walk-in kitchen pantry in this Hoover, Alabama, home has several built-in shelving units, counter space for small appliances and storage hooks for mops and brooms.

Buyers who want this feature: 50 percent

Cost to install: $100-$300

Wireless home security systems rank the highest among technology features buyers would like to have most, according to homebuilders association. Systems that can be easily controlled by a tablet or smart phone app are especially attractive, Parsons adds. Installing a wireless home security system is less expensive than a hard-wired version and doesn't require professional assistance to install.

The two-bedroom, two-bathroom condo in the trendy Dupont Circle neighborhood of Washington comes with a wireless alarm system.

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