Does a Security System Increase Home Value?
You can’t put a price on security, but you can install a security system to increase your home’s value.
It doesn’t sound like anything that would make a home appreciate right? It’s not as useful as a home addition or as pretty as a new kitchen, but a security system provides peace of mind and for most people, that’s priceless.
Security systems deter burglars and keep your family safe. Now, thanks to artificial intelligence, they can do so much more – all of which help your property value.
Will a Security System Increase Your Home’s Value?
While an appraiser may not include the security system in his report and/or the value of your home, it carries value with buyers. The right system ensures your family’s safety, which is worth more than any home price, and it enhances the home’s features.
Knowing a home is already protected helps convince buyers that this is the home and that it’s worth what you’re asking. Sometimes that sense of security is the difference between buying a home and not buying a home, even if it’s located in the most prominent area of the city. A security system can make a home much more attractive because of the reassurance it provides.
Security Systems Secure the Entire Home
A security system protects all areas of your home when you have door and window sensors. This provides an extra sense of security knowing that if someone busted a window in the back of the house that the alarm would sound.
Many security systems include other features in addition to sensors including:
- Motion detecting lights – Sometimes all it takes are lights to deter burglars. If they trip the lights, chances are they’ll run away without trying to break in since they’ve been ‘spotted.’
- Video surveillance – Adding video surveillance to the front and back of the house along with sensors gives you an extra sense of security. Not only will the alarm sound, but you’ll have video proof of who tried entering your home.
- Security Systems Alert you of Emergencies
- Besides burglaries, security systems can alert you of fires, floods, or carbon monoxide poisoning. With the right system, you can integrate all monitors into your security system, ensuring that the proper authorities (police, fire, etc.) are notified immediately.
While a basic smoke or carbon monoxide alarm alerts you when you’re home, integrated monitors let you and the authorities know if something is wrong when you aren’t around.
Again, that sense of security is priceless and can add to a home’s value.
Insurance Rates are Lower
While insurance rates don’t have a direct impact on your home’s value, they can help make it more affordable. Many homeowners save as much as 20 percent on their homeowner’s insurance after adding a security system.
This is a great selling point when buyers look at the various features of the home. Home insurance gets expensive, so finding discounts wherever they’re available is important and a 20 percent discount is praiseworthy considering most discounts are much smaller.
Impact on Resale
Installing a security system in your home can significantly impact the resale value and process, making it an important point of consideration if you are looking to sell in the near future.
The integration of smart technologies and remote monitoring options is increasing the appeal of security systems, making them a sought-after feature for prospective homebuyers looking for convenience along with safety.
The presence of a modern, advanced security system can be a strong selling point, allowing homeowners to potentially justify a higher asking price. It presents a clear message to prospective buyers that the home they are considering is safe and secure, which can be particularly appealing to those who value safety and are willing to invest in it.
Beyond just the tangible features of the home, like the number of bedrooms or the quality of the kitchen appliances, a security system adds an intangible, yet highly valuable, benefit: peace of mind.
This can be a deciding factor for buyers who are on the fence, giving them an additional reason to choose a home with a security system over one without. After all, the assurance of living in a secure environment can significantly enhance the perceived value of the home, making the investment in a security system worthwhile.
Additionally, homes with security systems tend to stand out in the real estate market. Especially in neighborhoods where safety is a concern, a home equipped with a security system can attract more attention and interest compared to others. It can be the distinguishing factor that sets a property apart in a competitive market, potentially facilitating a quicker sale.
Are home security systems expensive?
The cost can vary. Basic systems are generally less expensive, but if you go for a system with lots of advanced features, it can cost more. It’s all about finding the right balance between what you need and what you can afford.
Can I monitor the security system myself, or do I need a monitoring service?
Some people do choose to monitor their systems themselves to save on monthly fees, and some systems make self-monitoring easy. However, having a professional monitoring service means there’s always someone keeping an eye out and ready to respond quickly if there’s a problem.
Will I have to pay a monthly fee for my security system?
Most of the time, yes. There are usually monthly fees to keep the service running and to make sure everything is working right. These fees help in maintaining the security system and can include monitoring services to keep an eye on your home.
Is it hard to use a modern security system?
Not at all! Many of today’s security systems are designed to be user-friendly. Lots of them come with easy-to-use apps so you can manage your security system right from your phone. If you know how to use a smartphone, you can definitely use a modern security system.
Can I install a security system myself or do I need a professional?
Some security systems are designed for DIY installation, and they usually come with clear instructions. However, for more advanced systems or if you’re not comfortable doing it yourself, it might be best to have a professional install it to make sure everything’s set up correctly.
Can I take my security system with me if I move?
It depends on the system. Some systems are more portable and can be easily taken down and set up again in a new place, but others might be more permanently installed. Check with your provider to see what’s possible with your specific system.
While the upfront and ongoing costs of a security system are undeniable, the impact it has on the resale value and appeal of a home can outweigh the investment. It not only adds an extra layer of protection and peace of mind but also serves as a strategic advantage in the real estate market, contributing to the overall attractiveness and value of the property when it’s time to sell.