If you’ve been thinking about installing a home security system, you are probably already familiar with the benefits of owning one. Aside from protecting your home and family, features such as home automation and camera surveillance are built into these products, adding an additional layer of security.
You may not be aware, however, that a wireless home security system can also increase your property value! As someone who cares about your investment, anything that boosts your home’s value is worth considering.
In this post, we are going to go over the different ways that a home monitoring system can boost your property value. But first, let’s talk about why these systems are so valued in the first place.
Home Burglaries are More Common than You Think
Home burglaries are more common than people realize. According to the FBI, there are over 2 million burglaries reported in the United States each year. This means that every 13 seconds, a home is burglarized. That’s around 4 burglaries every minute, 240 an hour and 6,000 a day!
Properties with home security systems are less likely to be broken into, which is why more homeowners want this feature in their homes. In fact, a recent report found that 50 percent of homebuyers want a wireless security system in their next home.
Now let’s dive into the ways that home security can boost your property value.
Reduce Impact of Potential Theft
The Electronic Security Association found that the average loss from home burglaries with alarm systems is $2,000 less than the average loss in homes without them.
While there is no way to prevent break-ins completely, having a home security system reduces the losses of potential theft. This makes homes with alarm systems more attractive, not just with homebuyers, but also insurance companies. That’s why they will usually give you a break on your homeowners insurance.
Monitor Your Child’s Safety
For households with families, having camera surveillance is invaluable. Parents can monitor their child’s safety when they aren’t home, such as in between school getting out and work ending. It’s also nice to run to the grocery store, knowing that your kids are safe. If you have a family-friendly home, your property will be that much more attractive to a young family with an integrated home monitoring system.
Protect the Home from Fire, Flood and Carbon Monoxide
It’s not just burglaries that your home is vulnerable to but fires, floods and carbon monoxide. Knowing that a home is equipped with alarms for each of these add to its appeal.
Today’s homebuyers expect to see fast-acting alarms in their homes to keep their family and valuables safe. Also, insurance companies prefer insuring properties that are equipped with the essentials, and may even offer a discount of up to 10 percent.
Reduce Your Carbon Footprint
Home automation is another great feature that more homebuyers are placing importance on. When it’s clear that a property has home automation features, prospective buyers are immediately interested because they realize they don’t have to handle the installation, and they can reduce their home’s footprint and utility bills immediately.
Your property is valuable to you, but when it comes time to sell, it also needs to be valuable to other people. That’s why realtors recommend fixing up blemishes, de-cluttering the space and keep things neutral. This way, prospective buyers can envision themselves living in your home.
By installing a home security system, you’re making your property more valuable right from the start. You’re taking care of all the essentials so that the new owners won’t have to, saving them time, money and headache. All they have to do is move in, and they’ll know that all the right security and safety features are in place.