Does Adding Home Security Improve the Resale Value of Your Home?Article Posted by Expert Author: Emma Prior on 09/11/2013
There are many reasons to conduct a comparison of home security options in your area, but many people's top question is whether or not these systems will add to the resale value of their home.
Although having a home security system installed is only one aspect that can increase the value of a home. However, it can significantly affect a home's value in many ways. A more modern security system may be more desirable than an older one.
But there are other forms of security to consider. What about the locks on your home's doors or the age of your garage door opener system? As far as the front door is concerned, this can be the first point of entry for thieves when they are attempting to break into a home. And so it makes sense to have as modern and as strong a front door lock as possible. If you have a garage or shop on your property, you may also wish to secure these structures with as modern a lock as you can get to prevent theft of any expensive equipment.
Home insurance companies will look favorably on any effort made to increase a home's security, which can also benefit the next family to own your home. So while they may end up paying a higher price for your home, they may recoup those costs in the form of lower home insurance premium payments.
Other Benefits To Installing A Security System When Selling Your Home
Not only can installing a security system increase the resale value of your home and translate into home insurance savings for the new owners, but it also has other benefits.
The existence of a home security system can tip the odds in your favor, as this is often a desirable aspect for a home to have already. In addition, a home security system that's already installed can mean convenience for the buyer. By being ready to move in, your home can not only sell for more, but sell more quickly than you anticipated.
Other Ways To Increase Resale Value
In addition to adding a security system to your home, there are several other ways that you can increase its resale value. Installing a security system can be expensive, but there are other, more cost-effective methods of adding some security to your home.
One way is to install security lighting. These lights turn on automatically when motion is detected. And so placing them around your home and garage may help to deter thieves from attempting a break-in. You can also thwart thieves by placing gravel near the doors and windows of your home. When a thief comes near them, the noisy gravel will alert anyone walking by or sitting inside the home that trespassing is occurring.
As you can see, there are no hard and fast rules when it comes to home values and security systems. The one thing you should think about as you compare home security companies is that it's very unlikely a home buyer would pass up a home because it has a security system, and much more likely that it would be a huge asset to them.
Researching home security systems online is a great way to cut down on a lot of time and legwork. A good resource will help educate you in the jargon of the industry, review top providers available, and help you find a good fit. However, you want to be careful with the companies you contact; there are many home security scams out there, and it's important to also use the internet to educate yourself about the things that can go wrong when you research companies online.
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