As a homeowner, your family’s safety is probably your biggest concern, and for good reason.* While having a security door and dead-bolt locks on your door is wise, they won’t deter many burglars. Alarm systems, however, will. Alarm.org reports 90 percent of convicted burglars said they would abandon an attack on a residence if they encountered a security system.
Safe Neighborhoods are Attractive to Homebuyers
Realtor.com recommends many ways to increase the value of your home, including cosmetic enhancements, custom landscaping and high end light fixtures and appliances. But one of the best ways to increase your home’s value and attractiveness is to install a home security system.
A neighborhood with many homeowners who professionally installed home security system with a monitoring service creates a desirable neighborhood people want to live in. While a security system will protect your family, it also increases the resale value of your home. Buyers often look for a home that offers the security and protection a home alarm system provides, and prefer to choose a home equipped with one over other similar homes on the market.
A safe neighborhood will draw in potential buyers, and a security system will be an added incentive to choose your home. While home values in cities may rise, adding that bonus can mean fewer days on the market.
Installing a home security system can not only increase the value of your property, but allow you to take a tax credit, according to EnergyStar. It also significantly reduces insurance premiums, with discounts of as much as 5 to 15 percent, according to Realtor.com. Utilizing a security system creates far more value to a homeowner than any other single item. Home security is a smart investment.
Securing your home not only protects your belongings, but also your financial information and identity. Criminals who break in can access personal files and social security numbers. You might not even know your identity has been stolen until years later. Services like Lifelock, as well as a reliable home security system, will keep you protected and give you peace of mind.
With police statistics and other media reporting a strong correlation between home burglaries and current economic issues, installing a home security system improves neighborhood safety, improves property values, but they offer a sense of security to potential home buyers, especially if they include monitoring devices that protect against flooding, fire, carbon monoxide and other toxic leaks.
There are many types of security systems to chose from, ranging from basic models that simply provide a sound alarm to models that include hazard protection, outdoor lighting, and are monitored through a professional monitoring service. Automatic outdoor lighting sensors (about $38 USD for an outdoor sconce at Lighting Universe) appeal make a home safer. Price ranges fluctuate depending on whether you install a hard-wired system or a wireless system. If you pay to have a wired system installed, you can expect to pay up to several hundred dollars, whereas installing a wireless system yourself is easy and can run anywhere from $100 to $500 USD.
A simple security enhancement increases your investment value in several ways. They make your home stand out to home-seekers by providing a feature they are looking for, they keep the property safe from criminal activity, and can reduce the cost of insurance premiums – all of which means an increase in investment return for you.
* for instance, the Governor’s Office of Crime Control and Prevention reports there were 33,472 reports of breaking and entering in the state of Maryland, USA in 2012.
Brian Jordan: Brian retired from the NYPD last year, and now he does security for a number of concerts and sporting events. He blogs for fun.