By, Lisa Roberts
We all know how important the security of our home is. It is, after all, a place where we should feel safe and comfortable. However, could that need for security influence the value of our home? You might be planning to sell your home and are wondering whether installing a security system will help you in that endeavor. We are here to tell you how a home security system can increase home value.
A Home Security System Can Attract More Buyers
Everyone wants to feel safe in their own home. For this reason, many people who are looking to buy a house are concerned about the safety of the property. A security system can help you with the sale by affording you more leads. If you have a security system in place, you will be able to show potential buyers just how secure your home is. Show them how sensors guard your home's doors and windows, and motion detectors monitor the open areas of your house.
Additionally, if you wish to go the extra mile, you can show them how your fire prevention systems work as well. All of these demonstrations will make your home seem more appealing. The following are methods that can add to the security of your home:
- Hardwood or strengthened entrance doors
- Strong locks and frames on the windows
- Motion sensor lights
- Surveillance system
A strong set of doors, windows, and locks can also increase home value.
Picking the Right Security System for You
However, picking a worthwhile security system can be a difficult thing these days. If you want to make sure that you are making the right choice, it would be best to do some research. You should read reviews and compare all of the home security companies that you are considering. This way, you will ensure that you are making the right investment. If you do this, you will make the sale of your house much smoother. This is because, for many buyers, the fact that they won't have to install these systems will be a significant plus.
Security Systems Can Increase Your Home's Appraisal Value
When the time comes to assess the value of our home, we often think about the obvious improvements that can increase the home's value. However, a home security system can also positively influence the value of your property. Appraisers calculate the worth of your house by comparing its attributes to those of previously sold that are similar. The evaluation considers quantitative elements such as square footage, how many bedrooms you have, and location. Additionally, the appraisal comes down to subjective criteria such as condition, the environment outside the house, and extras such as security measures.
These days, smart security technology plays a significant role in determining how effective a security system is.
An appraiser's decision may be influenced by the fact that your home has cutting-edge smart security technologies that aren't found in comparable properties. In most cases, the difference is insignificant. The main reason is their difficulty quantifying the value of home security systems, particularly in light of technology's ever-shifting landscape.
How to Arrange Your Security System
You can't just install an alarm system or a few cameras and call it a day. When remodeling your property to put it on the market, there are many factors to consider. It is possible to protect your home by installing CCTV cameras, burglar alarms, security lights, and locks on windows, garages, sheds, etc. The major issue is where to put your equipment to get the most out of it. According to a study, the majority of thieves would avoid a property with a visible security system. This is especially the case one that is directly monitored. For this reason, experts from consumeropinion.org recommend that you arrange your security equipment in a location where it can easily be seen.
If you want to benefit from surveillance camera systems, you must place them correctly on a wall.
If your equipment includes cameras, you should try to avoid aiming them toward a neighboring property. Additionally, you should avoid aiming your camera at the road, sidewalk, or any other part of the neighborhood that is outside of your property. This is due to the fact that using your CCTV camera to film people outside of your property could be considered a breach of privacy. You may even be breaking the law in certain circumstances. For this reason, you should make sure you're just watching your own property and not public locations.
Reduce Your Homeowner's Insurance
Another way a home security system can increase home value is by lowering insurance rates. Some homeowner insurance companies provide savings of up to 20% to those who install home security systems. This implies that a security system can enhance the value of your home even before you sell. It's also an advantage that may be communicated to future owners and used to justify raising the property price over market value. For example, if we compare two residences–one with a home security system and one without—the people on the market for a new home would pick the one that will save them money over the many years they will live there.
As you can see, aside from providing additional peace of mind, home security systems may potentially earn you money. Installing a security system may now increase the value of your home directly. However, it will definitely make your property more appealing to potential homebuyers. This is because most buyers will choose a safe house over the less-so one. And with that said, now you know how a home security system can increase home value.