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, but today, thanks to artificial intelligence, they can do so much more, all of which help your property value.
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 since most discounts are much smaller.
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 more attractive because of the reassurance it provides.