Does A Security System Increase Home Value

May 9, 2023 12:13 pm

When deciding to install a home security system to protect your loved ones, assets and prized possessions, you may also wonder about the monetary benefits. The system provides unmatched value while you live in the home, but what happens if you move away? You can sometimes get a partial return on your investment when selling your home, as appraisers may increase a home’s value based on the security system.

While the peace of mind offered by a quality security system is priceless, the system can also increase home value.

How Does a Security System Add Value to a Home?

Home security systems add protection and function to a home. Many homebuyers appreciate these features and pay more for them. Since many buyers plan to install a system, having one in place already means they only need to activate it once they move in. Alarm systems also increase the perceived value of your property by adding security and safety.

Here are a few ways adding a security system will increase property value:

Lowering Insurance Rates

Homeowners insurance policies protect your home and belongings in the event of damage. When insurance companies see you take additional measures to add security to your home, they will often lower your rates. The more you improve your home security, the more discounts you get.

Adding a burglar alarm might give you a discount of 5%, while a sophisticated system that contacts the police may save you and future owners up to 20% off your regular costs. Buyers may be more interested in your home because of these insurance savings.

Preventing Financial Losses

Over half a million homes in the United States get robbed yearly. These burglaries result in an average loss of about $2,500. In the event of a robbery, a home security system can provide features like video camera footage to identify and catch thieves and return stolen belongings. Potential homebuyers might see this as a value add because the chances of losing possessions to theft decrease significantly with a security system.

Adding Automation

Many new homebuyers also see the value in smart home features that enhance everyday life. Security systems often integrate these features for added protection and convenience. With smart home features installed, homeowners can control cameras, lock doors, turn off lights, control thermostats and monitor smoke alarms from their phones.

About 65% of Americans have smart devices in their homes. These devices add value through:

• Safety: Homeowners can check cameras or lock doors from anywhere.
• Convenience: Your home controls are always within reach, making it easier to make your home comfortable.
• Cost savings: You can lower energy bills with a system that controls lights, appliances, heating and cooling.
• Energy efficiency: Control lighting and temperature to reduce energy use and increase sustainability.

Almost 80% of homebuyers are willing to pay more for a home with smart devices due to the many benefits these can add.

Securing a Whole Home

Without a security system, door locks are the main theft deterrent in your home. While these locks provide a certain level of security, you can increase your protection by adding security to all vulnerable areas. A complete security system may include components like:

• Window sensors
• Motion lights
• Video cameras
• Motion detectors
• Glass break detectors

Installing a complete system gives you a shield around your home. Future homeowners will appreciate not having to add features your system missed. They will also value — and possibly compensate you for — the savings they enjoy by not needing to install a security system themselves.

Avoiding Disasters

Beyond protecting a home from theft, security systems reduce dangers associated with unpredictable disasters. Carbon monoxide (CO) is odorless and colorless, making it impossible to detect without proper equipment. About 50,000 people visit emergency rooms each year with CO poisoning. CO detectors provide early warnings and can even monitor devices like gas water heaters, alerting you when they get damaged.

Fires pose significant dangers to people and property, with over $8 billion in yearly losses. A system that detects smoke and sudden increases in heat will catch fires before they spread, preventing costly home damage. It will also alert the local authorities, resulting in faster response times by emergency personnel.

Security systems can also monitor for water leaks from your appliances or pipe systems. Even one inch of water can cause over $25,000 in damages by destroying flooring, walls and furniture. Water might also destroy priceless momentos or essential documents. With a monitoring system, you’ll know im

mediately when a leak starts so that you can call for repairs.

Security systems can protect your life and property from disasters, making them a valuable investment. They also add to your home’s value by reducing the chances of costly disasters.

Choose Lexington Alarm Systems for Increased Value and Protection

A complete home security system can protect and manage every area of your home, making it an attractive feature for future homebuyers. Many will appreciate your forward-thinking approach and pay more for the house when you decide to sell because you have saved them time and effort by installing the system.

Beyond increasing home value for a future sale, an alarm system makes your home safer while you still live there. A security system keeps you and your belongings safe, making it an invaluable home addition.

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