Will A Home Security System Increase My Home Value?
September 1, 2009
Yes! Home Security Increases Home Value
It’s been quite an interesting week for your friendly, neighborhood blogger. This weekend, I came home to find that someone had picked the lock on my back door and let themselves in. Luckily, we were not home at the time, and nothing was taken. We locked up and made the house secure once again, only to find the same exact thing the very next morning - door was open, but nothing had been touched! So what does this have to do with your home value? Good question. You see we’ve concluded that we either pranking poltergeist or an indecisiveve intruder! I’m leaning towards the latter. The fact that nothing was taken, leads me to believe that they’ll be back and this time with a plan to probably take a lot of our valuables! Well, we weren’t too happy about the idea so we’ve decided to purchase a simple home security system. It will monitor our home around the clock and immediately sound the alarm when something’s not right.
We have multiple reasons to be happy with our decision and I thought that’s what I’d share with you today! In addition to the peace of mind and responsible citizen aspect of home security, there are actually a lot of financial benefits as well!
Save On Homeowners Insurance
The first is that you’d be amazed at what you save in your home owner’s insurance. Items like dead bolts and alarm systems are fairly inexpensive and easy to install. Some companies will offer you 15-30% savings if you have the appropriate security coverage for your home.
Increase Your Resale Value
You can also add value to your home when you’re ready to sell, but the amounts will vary based on the size and scope of the individual features you have. For example if you put a $20,000 security monitoring system in a 1500sq ft bungalow, you’re not going to recoup the cost of the system, and would more than likely detract from the home itself, therefore loosing it’s appeal to the majority of potential buyers. In other words you’d actually loose value. However, if you have an appropriate amount of security, something that doesn’t scare buyers away, you could see an increase of thousands of dollars at selling time!
So to sum up, please excuse the self-narrative nature of this particular blog post, but I thought it would be especially important to mention in light of the number of burglaries going on right now. Many people are finding themselves in tough times due to the economy and resorting to desperate measures. This compromises the safety of your home and your family. Therefore, anything you can do to protect them, and your home with the added bonus of earning a little bit of money on the side will prove to be extremely beneficial in years to come.