The cost of a smart home is $919 on average. You'll most likely spend between $203 and $1,665, but some reports include installations of $3,000. To fully automate an average four-bedroom, three-bathroom home, you might spend up to $15,000, while luxury, fully connected homes run around $10,000 to $150,000.

Smart home technology offers a range of benefits, including convenience, energy efficiency, safety, accessibility, and increased home value. However, it's essential to consider the potential drawbacks, such as compatibility issues, internet outages, cybersecurity vulnerabilities, complexity, and initial startup costs.

A smart home refers to a convenient home setup where appliances and devices can be automatically controlled remotely from anywhere with an internet connection using a mobile or other networked device.

Smart homes use smart devices (from lightbulbs to alarms and more) that connect to a network over Wi-Fi. These devices can then be controlled from anywhere, anytime using an app on your phone.