As everyone is spending more time away from home, there’s one issue on homeowners’ minds — especially among people over 60. That’s home break-ins.
In 2020, 4.3% of Australian households experienced either a break-in or attempted break-in, according to the Australian Bureau of Statistics. That equates to over 400,000 break-ins nationally in a single year. In the United States, the 2020 burglary rate was 314 cases per 100,000 homes, according to Statista. This data presents a strong case for doing everything you can to make sure your home is secure, whether you are at home, or are away traveling. A home security system can be one of the ways to not only keep your house and property safe but to boost your home value, especially if you are considering buying or selling your home in the future.
Types of home security systems
Smart home systems
In the era of smart home systems, you have an array of home security systems to choose from when it comes to finding the perfect one for your home. Smart home systems are those that you can control from anywhere using your mobile phone. Many of them integrate with multiple devices like light bulbs, your television, smart locks, and thermostats. Adding this type of integrated system to your home can be a selling point for buyers who want to stay on the cutting edge of home technology.
When you think of security systems, you might have in mind the kind that we are more used to, where a company is behind the scenes monitoring your home while you are away, via alarm systems and possibly also cameras. The team behind the monitoring system will then notify you of any foul play. These systems are more expensive to install than smart home systems and will also come with a monthly fee that could be higher than a smart home system since there are people monitoring your home.
Will home security systems add value?
Whatever type of system you go with, agents agree that a home security system is likely to add value to your home when it comes time for an appraisal. However, it is difficult to put a general number on how much value these types of systems will add to your home. If you are concerned about the ROI (return on investment) for a security system, your best bet is to chat with a real estate agent while you are considering the different options.
Other benefits of adding a home security system
Home security systems have another advantage beyond increasing the value of your home, as they may lower your homeowners’ insurance costs. That’s because security systems make it less likely that your home will be the target for a home invasion or burglary. Home insurance companies could even give you a discount on your insurance premium as high as 20% for systems with professional monitoring.
Adding an extra layer of security — like any other update to your home while you are living in it — is first and foremost about what works best for you and your family. There’s no doubt that adding a home security system can give you peace of mind while traveling, or while you are home.