Automate Your Home To Retire Early: Does It Work?

What if you could retire today? Imagine taking that luxury cruise with your family and beginning your golden years ahead well in time, so that you are still in the age bracket where you can remember all about it the next morning too! With smart home automation, all that is very much possible. The amount of money you save with each appliance will let you add more speedily to your 401k account.

And this way you will be able to reach your financial goals set for the retirement way sooner than you had otherwise planned. Improving your lifestyle while saving a good portion of your monthly earnings do seem too good to be true. But the following incredible facts show you exactly how to attain this too-good-to-be-true reality.

Home Automation for Early Retirement: How?!

Running a home does not come cheap. Adding each individual and their specific housing requirements along with the occasional guests, even daily home expense can run a huge tab in the case of a big family. And the families that are growing have their expenses multiply manifolds over the years.

The various ways in which home automation can control the expenditure in a way that gets us to our retirement savings goal pronto are as follows:

Drastic Insurance Rebates

The thing that insurers hate paying the most are those hefty insurance claims. So it only makes sense that they are now offering to slash the premium payment prices by almost a quarter for those with smart home automation technology in place.

According to the CB Insights database, the insurers know quite well that home with smart automation systems are less likely to run into the trouble. The nature of this calamity can be theft, fire damage, flooding issues and various other relevant scenarios. This means that in the long run there will be less claim filings due to these various unfortunate events which will help them save a ton.

This is one good reason to install those futuristic home automation systems in our homes right away. And if we already have them installed at our place like any other sane person then we need to inform our home insurance agency at the earliest to get the available rebate.

Save Electricity, Save Money

High energy bills are the fourth biggest cause of heart attack in case of an average human nowadays. Now, this might not be totally true. But, you can’t say that those towering energy bills don’t make you consider fleeing the country at first.

With the AC, lights and other energy-heavy appliances running round the clock, sometimes by mistake, it is hard to catch a break on them. And that is why it makes all the more sense to get those energy efficient smart home systems that slash our bill prices by at least 50%.

They are an essential upgrade and investment that is not a luxury anymore. If we want to keep up with the changing pace of time and save a good deal on our energy bills then smart home automation is the ultimate answer.

Save Both Money and Water

There is no life without water. Not just the sustenance but even the normal pace of life requires a continuous water supply. By wasting it, we are making survival difficult for our future generations and also doing more damage to our already terrifying water bill margin.

home automation

Photo by zhang kaiyv on Unsplash

In the kitchen, bath and outdoors; everyday we require a lot of water to perform the daily functions up to our satisfaction. According to a recent study done by the EPA, one-third of our total water consumption is outdoors. And out of that almost half of everyday intake gets wasted.

This is a huge number considering how it adds up to form that steep figure at the end of the month. Smart sprinkler system, touchless faucets and the smart shower heads are there to help us conserve water without demanding for any huge sacrifices when it comes to our normal lifestyle.

Smart Thermostats for Better Returns

The closest that humans have ever come to God in terms of their dexterity is with the smart programmable thermostats. They are perfect beyond the scope of human comprehension! And can be used to regulate the temperature of the entire home to make it just right.

The smart thermostats save energy and hence a lot of our hard earned money in the process too. Also, they offer the facility of being controlled from anywhere, anytime. And best of all, they sense our requirements by studying our usage pattern over time.

According to ‘A Secure Life’, 39% of the total energy consumption within a home goes directly towards the heating and cooling processes. The smart thermostats can bring down the heating cost by 12% and the cooling cost by a total of 15% of the original value. A total of 23% of the total energy can be saved annually on the heating and cooling functions combined with the help of smart thermostats.

Smart Haiku Fans

AC might be what we need when it is scorching hot outside. But they alone are not enough to have that breezy atmosphere within our living rooms. For that, we need to get a fan too that is able to keep the air ventilation within our rooms just right.

Haiku fans are the smart luxury fans that work perfectly on their own and even better with the smart thermostats. They can improve the efficiency of the HVAC system of our homes tremendously. You can also use them to maintain a steady well-ventilated state within your rooms.

Another great thing about these fans is that they can sense the temperature of the room and work smartly to bring it up to the preset desired levels. The Haiku fans help in mixing the air at different temperatures present within the room and bring the temperature at each point within that place to the same optimum level.

Conclusion

The smart home technology can help us cut back on our cost of living while upgrading it at the same time. This will help us in reaching our financial goals of the week, day, months and even years in a swifter manner. The retirement in our golden years can shift up a few decades and we can finally start living it up like we always dreamed we would in our golden years!

Savings and smart home technology go hand in hand. Do you live in a smart home? If yes, then when are you going for that retirement world tour? Tell us all about it in the comment section below.

Also, if you know a friend who is obsessed about retiring early and saving pennies, do let them know about this article. They would really appreciate you for doing so!

 

This attention grabbing and thought-provoking article was contributed to Leisure Freak by Pallavi Pandey
Author Bio

A part time contributor at http://bestsmarthometrends.com/, Pallavi Pandey has been making dull topics a page-turner since 2012. She has written extensively about finance, technology, and software in her freelance writing career until now.

Her Bachelor’s Degree in Computer Science helps her in comprehending the most complex of topics quite easily. Her core expertise lies in creating engrossing content that puts across the point in the desired format without boring you to death!

18 thoughts on “Automate Your Home To Retire Early: Does It Work?

  1. The subject of early retirement is very nice-looking, but the most of people are facing newer challenges despite that so much material gets published for their education. The fundamentals of global economy are changing or should I say ‘evolving’ with time, and this change is creating new challenges, due to which rules and regulations continue to evolve. That’s why the whole plan to retire early should be crafted with due attention or the people will end up taking reverse mortgages only to meet with their financial expenditures. After all evolution can be both for good and bad.

    This story may give some insights to learn the reality.

    1. Thanks for the comment Nauman. Being the post doesn’t have anything to do with reverse mortgages I was a little taken back but you do provide something for retirees with a large amount of equity in their homes to become more educated about. Everything is evolving, from home automation to reverse mortgage products.
      Tommy

  2. Smart Home is definitely the way to go! Just by adding four Ecobee Thermostats to our house we saved a couple hundred dollars a year!

    1. Thanks for the comment Kevin. I upgraded to a digital (non-wifi) thermostat with some embedded learning intelligence that times our temp preferences and have found savings too.
      Tommy

  3. Interesting read. I know smart home products can save on energy, but I never thought of using it as a way to help with an early retirement. Thanks for putting this together.

    1. Thanks for the comment Jason. I accepted this guest post because it added something new, different, and interesting to think about. I think anything that we do to save money in our budget and then put those living expense reductions towards retirement savings helps gets us there quicker.
      Tommy

  4. Glad to read this post. There is no doubt that today’s technology has made our life easier and faster. Technology is being used everywhere, whether in home, offices, shopping malls, schools, scientific purpose etc.
    When we talk about home, with the help of a smartphone, apps and a computer you can monitor your home appliances, no matter where you are. Here, I have gained much information about the new technology used at home.
    Thanks for sharing this post with us.

  5. Thanks for sharing such information, this kind of technology is totally revolutionary for human beings. Smart homes are the future, no doubt.

  6. Thanks for sharing. I have been able to save on my energy bills by using my nest smart thermostats. The idea of having a smart home is really a good one.

  7. What also makes it affordable is being able to buy used devices on ebay. Another factor most don’t consider is starting with one function in a single room and scaling up over time as you become more confident and have the budget.

  8. I want to make my new house a little more automated because I do have to go out of town often for work. It is good to know that I will want to think about how to save money on electricity. Also, it might be smart for me to upgrade my system that way, it has a timer on all of my lights.

  9. Excellent article! I agree with you on home automation, this helps us save energy and as you correctly mentioned could help us get a good discount on home insurance premiums.

    1. Thanks for the comment Rosemary. I think after everyone has spent the past year in the many forms of pandemic lockdown that any home improvements and automation were seen as paying off.
      Tommy

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