Your home’s market value is determined by many factors, including size, layout, location, age, and more. Your home’s amenities – which includes things like a home security system – can have an impact on its market value, too. How much a home security system directly impacts the value of your home can vary greatly, and is influenced by (and influences) many of those other factors.
While a home security system may not directly affect the market value of your home, it certainly increases your home’s intrinsic value. It makes your house a safer place to live because it acts as a deterrent to home invasion. It protects your valuables from loss. Depending on your insurance company and the type of system you’ve got, it could even save you a few bucks on your home insurance each month.
Here are some of the particular factors about your home security system that might impact its value, the value of your home, and your overall safety and security:
- The proven effectiveness of the home security system. Some companies and some systems are just better than others. They have a proven track record at being able not only to deter break-ins, but have a proven track record at capturing burglars after the fact. To maximize value, pick a home security system with a solid reputation.
- How extensively the system covers the home. A home security system is only as strong as its weakest link. A single unmonitored window – even if it’s not on the ground floor – can be enough to significantly weaken the system. For maximum protection and value, you need a security system that truly covers the entire home. Every point of entry must be monitored.
- Whether the system is a monitored system. Systems that are plugged directly into your local emergency response system or a monitoring company tend to add more value than systems that are stand-alone. In fact, when it comes to insurance discounts, many companies won’t offer you one unless your home security system is actually monitored.
- Proliferation of other home security systems in the neighborhood. While this factor isn’t directly related to your choice of home security system, it is important. A neighborhood that has more home security systems will, over time, have a lower crime rate. That lower crime rate, in turn, leads to higher property values for the neighborhood.
There is another important way that a home security system can help increase the value of your home, as well. Whether or not it figures into the actual market value, a home security system is one of those amenities that can help to boost someone’s bid on your home during the sale process, or that can help them to make the final decision.
Increasing your home’s value isn’t the only (or even the primary) reason for installing a home security system, of course. Check out the various kinds of systems on the market today, and pick one that fits your budget and still gives you the peace of mind you’re hoping for.
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This blog post is a guest post by Madison Parker who writes at HomeSecuritySystems.net on subjects related to home security systems, survival and preparedness.
Well, in choosing properties or houses, or even condo units, what I mostly consider is the safety and security systems or facilities that are present on the house or condo itself. Just to make sure that when I am going to be at least safe and when such unwanted instance or situations happen, I am sure to know where these things are and that these things present.
New York Real Estate CE
November 20th, 2011 at 11:54 pm
Home security is getting more and more important. We want to protect our valuables, our families, and many turn to home security systems instead of having to have firearms in the home. CCTV surveillance equipment plays an important role in crime control policy, social control theory and community consciousness’. Studies show that the use of CCTV systems reduces crime rates.
November 23rd, 2011 at 12:24 am
Certainly the knowledge that a house is safe and has not been a victim of burglary or other crimes will make it seem a much more worthy purchase.
November 30th, 2011 at 9:15 am
Thanks for taking the time to discuss this.
January 6th, 2012 at 1:36 am
Great post.
January 19th, 2012 at 2:28 am
Very brief explanation of security systems. In today’s crime full world, security and safety of any building or house is more important. Since latest technologies are there, you can enhance your house with latest safety equipments.
May 24th, 2012 at 4:28 am
The question is Can home Security Systems increase the value of Your home? Well, yes! For me, that’s an advantage and very important. My family and I would feel more secure if we had security system in the house.
June 30th, 2012 at 4:29 am
Yes, Security System play an important role in increasing the value of home because we know very well everyone prefer a safe life while risky. Thanks for share this useful post.
October 19th, 2012 at 7:39 am