Costs and benefits of a smart home (system)
SmartMaker can build your smart home or smart accommodation or upgrade your existing smart system into an integrated system controlled with only one app, from your phone, PC or other device.
SmartMaker uses Home Assistant as software which runs on a small computer which is connected to your Wifi and at least has a Zigbee controller attached.
Investing in a smart home system powered by Home Assistant offers numerous advantages beyond the initial costs. While prices can vary based on your specific requirements and preferences, the benefits make it a worthwhile consideration. Here are some estimated costs in euros, along with the advantages.
nvesting in Smart Home can provide many economic benefits. Energy savings, optimization of water consumption, reduced security costs, and increased property value are just some of the advantages that speak in favor of adopting intelligent solutions in homes.
Source: analyticsinsight.net
Cost Estimates (in euros):
Home Assistant Software: Home Assistant itself is open-source and free to use. SmartMaker installs the software on a small computer as listed below and takes care of the configuration. Please bear in mind that the computer is the heart of the system and a one off investment while if you buy smart devices that need a hub, the hub also costs money and is bound to the product. With Home Assistant you do not need hubs, only the smart device / sensor and that is where you save money. You can extend your system endlessly with new devices using the same computer.
The following are estimates:
- Hardware: The cost of hardware can vary depending on your specific needs. Here are common components in euros:
- Raspberry Pi or a NUC computer for running Home Assistant: €175 – €250
- Motion Sensors: €17 – €42 each, depending on brand and features
- Power Meters: €17 – €42 each, depending on brand and features
- Smart Plugs or Switches (if needed): €17 – €42 each
- Smart Lights (if needed): €8 – €42+ per bulb or fixture
- Thermostats (if needed): €85 – €212+
- Smart Locks (if needed): €85 – €255+
- Cameras (if needed): €42 – €255+ per camera
- Voice Assistant Devices (e.g., Amazon Echo, Google Home): €42 – €127 each but Home Assistant has built in voice assist.
- Installation and Setup: That is where SmartMaker comes in. The hourly tariff is €75 but we prefer to give you a all in fixed price for building your smart home system.
- Connectivity: You need a good working router with Wifi and coverage all over the house or building where smart wifi devices are installed. Please read this article where the importance of coverage is outlined. Wi-Fi or other networking equipment is crucial to ensure reliable communication between your smart devices.
- Monthly Subscription Fees: Home Assistant software is free and once your smart home system is up and running, there are no extra costs but some smart home devices and services may require monthly subscription fees for enhanced features or cloud storage. SmartMaker recommends the use of Nabu Casa services to disclose your smart home system for use anywhere in the world. There are other free of cost options to make your smart home system available outside your Wifi network but that needs some tweaking.
- Integration: Home Assistant can integrate with a wide range of devices and protocols, but some may require additional hardware or adapters to work seamlessly, adding to the cost.
- Maintenance and Upgrades: Over time, you may need to replace batteries in sensors, update firmware, or add new devices, incurring additional costs.
Credits for this article https://www.zolo.ca/blog/smart-homes-save-money and below graphics that comes with it:
Benefits of a Smart Home System
- Convenience: A smart home system allows you to control various aspects of your home, such as lighting, heating, and security, from your smartphone or voice commands. This convenience can enhance your daily life.
- Energy Efficiency: With power meters and smart thermostats, you can optimize energy usage, potentially reducing your utility bills and environmental impact.
- Security: Motion sensors, cameras, and smart locks provide enhanced security, enabling you to monitor your home remotely and receive alerts in case of unusual activity.
- Flexibility and Customization: Home Assistant offers extensive customization options, allowing you to tailor your smart home to your unique preferences and needs.
- Future-Proofing: Investing in a smart home system can increase your home’s value and appeal to future buyers if you decide to sell.
- Peace of Mind: Smart home systems offer peace of mind by allowing you to check on your home and receive notifications, even when you’re away.
Conclusion
In summary, while the upfront costs of a smart home system can vary, the long-term benefits in terms of convenience, energy efficiency, security, customization, and peace of mind make it a valuable investment for many homeowners. It’s important to carefully plan your smart home project, consider your budget, and research specific devices and brands that align with your preferences and objectives. Prices for smart home technology can fluctuate, so it’s a good idea to check current prices from reputable retailers and manufacturers before making any purchasing decisions.