A TL431 is a great choice if you like component level building. These easily drive small relays by themselves if a dry contact is needed. I am getting spoiled by those Arduino clone mini328 boards that can be bought for $2-3 for these small jobs. If a switch transition at a set voltage was all you wanted, life would be simple. When you add in time delays and hysteresis a small micro wins hands down. In my opinion spending 75 cents more for the gold boards is worth it.