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Investing in a Home Security System: What Every Homeowner Should Know

Every homeowner wants to feel secure. You lock the doors at night and have the neighbor peek in when you’re away, but is it enough? Burglaries and home invasions happen, and you should take any and all precautions available to fully protect your home.

Thankfully, a home security system is a major deterrent to theft and break-ins. In a study conducted by the UNC Charlotte Department of Criminal Justice & Criminology, approximately 60 percent of 422 randomly selected incarcerated burglars explained that the presence of an alarm system caused them to seek less protected targets.

However, Alexei Erchak, CEO of BeON Home, claims only 20 percent of homes in the U.S. have security systems installed, less than a third of which are activated at all times. The burden of manually turning the systems on and off and the ongoing expense can be a big turnoff for homeowners.

When selecting your own security system, choose a product you can easily interact with and that fits your long-term budget.

The Cost and Components of a Security System

As you investigate various systems, you’ll notice many have an initial setup fee followed by monthly recurring service fees. If you do some extra exploring, it’s possible to find promotions waiving the initial setup costs or offering lower introductory rates for new homeowners.

Teddy Poulos, an A-Access Lock & Key locksmith, says many providers offer month-to-month, yearly or 3-year contracts at various price points.

When beginning your search, expect to spend $100 to $500 for the system. The price varies based on the features and add-ons, such as:

  • Motion sensors
  • Window sensors
  • Door sensors
  • Carbon monoxide detectors
  • Fire alarms
  • Number of monitoring stations
  • Smartphone app controls
  • Backup lighting systems during power outages
  • Types of community responders

Monthly monitoring typically costs an average of $15 to $65, depending on the service provider and services selected.

When you make upgrades to your home that improve health and safety, it’s no surprise they can result in a nice return on investment. For instance, Jamal Asskoumi, owner of CastleSmart, says, “In terms of selling the property, security systems definitely increase value. Homes fitted with advanced systems have bumped up their price by up to $10,000 in some cases.”

Cost-Saving Benefits to Love

If knowing your family is less likely to experience a burglary or home invasion isn’t enough, adding a home security system to your property can also save you money.

Tim Krebs, corporate communications manager for Protect America, says, “Homeowners could save 15 to 20 percent off a premium on homeowner’s insurance if a fire or burglar alarm is installed.” He recommends checking with your home insurance provider to specifically learn which home safety features can lower your insurance rates.

If you choose to invest in a wireless home security system, it can move with you, as Megan MacDonald, general manager of LivSecure explains, noting that, “The benefits of the system’s portability are twofold. The owner doesn’t have to invest in a new system every time they move, and the new homeowner won’t have to deal with holes drilled into the walls, windows, doors or any of the other issues presented when transferring a home security system.”

Are you in the market for a new home? Owners.com can help make the search for a safe, affordable home an enjoyable journey. When you’re looking for a house, remember to look into what kind of security it has and what your options are. Check out Owners.com to browse our online listings today!


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