How Home Security Can Increase Your Home's Value

Written by Posted On Friday, 20 April 2018 07:30
How Home Security Can Increase Your Home's Value CORGI HomePlan

High quality home security is an investment that provides great return over time. Having a good system in place can significantly raise the value of a home as well as increase its overall security. Good features that keep a home protected, like strong doors and windows, an alarm system, surveillance systems and deadbolt locks will provide peace of mind for people who stay inside, and make getting help as easy as possible.

And having that safety advantage in a home is an attractive feature to a lot of investors and potential homeowners. Buyers will be far more willing to make an offer on a home that offers good protection and security, which means installing a thorough home security system is an excellent method of increasing your home’s overall value on the market. If you’re interested in raising the value of a home with a relatively cheap upgrade, improving the home security is an excellent way to do it.

Homeowners insurance discounts

Home security systems work - homes without them are 300 percent more likely to be burgled than homes with systems. Burglars make a point to intentionally avoid homes that have security systems installed, because it presents too big of a challenge.

Having a home security system can make a home eligible for a number of insurance discounts, including a homeowner’s insurance discount. Monthly insurance payments might drop by as much as 20 percent with a home security system installed.

The average loss claimed from homeowners after a burglary is close to $4,000, which can be a pricey payout for insurance companies. A home that has a security system installed is going to pose much less risk for them, which means they’ll be willing to give owners a generous discount in order to entice them to install the system and be a less risky customer for them.

In addition, many alarms come with features that detect other issues, such as flooding or fire, and that can generate insurance discounts in other areas. And a system with more intense monitoring, including one that automatically connects to local emergency services, will provide steeper discounts than systems that provide alarms but no automatic calls.

Future homeowners will be able to inherit the security system and the insurance discounts that come with it, which will make the home a more attractive offer on the housing market.

Homeowners value security

Insurance agencies like home security systems, but so do home buyers. Whether someone’s looking for a home for their family or a safe long-term investment, having a strong security system in place is going to be an attractive draw. Smart security systems in particular, which take advantage of the rise of smart home technology, is a hot sell on the market today.

Real estate agents looking to flip a house quickly should emphasize the security features installed in the home. Consumers are willing to pay good money for a home they feel will protect them and their assets for years to come. A good ADT home security system will protect the house long-term, which means it’s a safer investment than a house that can more readily be broken into. And a whole neighborhood of homes that have advanced security, or home security systems installed, will see significant property value increases.

Home security systems can help raise the value of a home by as much as 5 percent. Depending on what a home’s worth, that can be a pretty penny earned. Most security systems cost less than $2,000 to purchase and install, and simple home repair projects like deadbolt installations can significantly improve safety and value for as little as $45 a door.

The return on investment is great, and it makes everyone happy - insurance agencies, homeowners, and real estate agents trying to sell the houses. Home security improvements are a win-win-win solution to increase the value of a home.

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