home automation cost

Because of the advances in modern technology home automation, also known as domotics, almost everything is a button press away including your own home! Say you want to leave home to walk your dog or go for a family outing, instead of checking if every relevant light or appliance is turned off manually or if every door that needs to be locked is locked, with a simple press of a button from your smartphone everything is done for you. TGUC Financial can help you with the financing of automating your home. Here we breakdown the cost of home automation.

Home automation is simply setting up your devices to one central system so that you could access them from anywhere that has an internet connection. It usually includes lights, thermostats, door locks, security cameras, and security systems such as burglar alarms.

Because it requires minimal human interactions and it is automatic, home automation systems make a house more convenient to live in, more secure, and more energy-efficient.

Devices connected to your home automation system can be accessed remotely or programmed to independently take action once certain conditions are encountered or fulfilled, for example, a thermostat automatically adjusting based on the temperature outside your home.

Home Automation Cost

Different households have different needs thus the price range for home automation varies from household to household depending on the level of tech they require.

Devices

Buying devices for your home automation system usually requires specialized versions of your household appliance or device. If you want to personally customize your home automation system here are the different price ranges of what is commonly found in these systems. You should do some research first before you go off and buy your devices to make sure they are compatible with your hub or if it just connects directly to your smartphone via Bluetooth. 

Central Hub

This is the device that holds everything together. This should be the first device you buy when planning to set up a home automation system. The brand of the devices you own or want to buy is usually the main point in deciding what hub to buy. Different smart home hubs have varying amounts of devices that are compatible with them so choose the one that is best for your home.

The price range of a smart home hub ranges from $60 to $200.

Lights and Light Switches

Some smart lights can change colors, decrease their intensity, or simply turn on or off during certain programmed times. Smart light switches can provide the same features a smart light bulb offers, but it is more limited and less expensive.

The price range for these varies from below $10 up to $200 depending on their features.

Cameras

Features that you need to look into when buying a camera for your home automation system are:

  1. Storage – Some cameras offer cloud storage, which usually needs an additional fee to use or completely free but delete the stored data after a limited amount of time. Others place all the data into a mounted microSD card or other storage devices. 
  2. Color – Cameras usually record in black and white or color.
  3. Infrared Function – Some cameras can function with little to no visible light.
  4. Video Resolution – The higher the resolution your camera records, the more expensive it is.
  5. Vision Range – Most security cameras use wide-angle lenses, while some have a narrower vision.

Other factors you have to consider are if it is for indoor or outdoor use and the area the camera needs to cover.

Camera prices range from $20 to $400 depending on their features.

Thermostats

The only thing you need to take into consideration when buying a thermostat for your home automation system is its compatibility with your other devices such as your HVAC systems or central hub

The price range for thermostats is usually $40 to $250.

Door locks

Smart locks usually come with the features of voice commands, push and email notifications, and tamper alarms. The price of a smart lock usually depends on its size, design, and features.

Price ranges from $100 to $300.

Setup

If you are trying to convert your home into a smart home then you have to take into consideration the cost you need to set everything up. Dismantling and refurbishing your home so that you can install devices for your home automation system has an average cost of $40 to $500 depending on the number and size of the devices you are trying to install.

Home automation services

If you don’t like the hassle of setting up your own home automation system, then an alternative is to hire a company that sets it up for you.

Some companies fully refurbish your home for a package deal, which usually costs between $500 to $3500 depending on the features and devices you need. Others provide a subscription service where you have to pay a set amount every month, between $35 to $70 a month. They may or may not include installation costs and activation costs, which usually cost $200 to $500.

So how much does home automation cost on average?

The average cost of setting up a home automation system is $1000 while high-end systems range up to $3500. Overall it can be quite expensive to set up, but the amount of money you save in the long run will cover those costs eventually.

TGUC Financial and Home Automation Cost Financing

TGUC Financial can help you with the financing of automating your home.  Contact us today.