There are nearly 7 million property crimes that occur every year, according to the latest FBI data. And although property crimes have been on the decline in recent years based on the latest data, you may still want to consider investing in a home security system for a number of reasons.
Read More: The Housing Market Forecast for the Rest of 2021, According To Realtors
Find Out: 10 US Cities Spending Big Money on New Housing Construction
Top 5 Reasons To Invest in a Home Security System
If you’re considering investing in a home security system, you may be curious if the cost is worth the benefits. To help you decide, take a look at the main advantages of putting one in place.
Protection Against Burglaries and Other Emergencies
An effective home security system can protect you and your property from burglaries, home intrusions, fires, floods and more. Monitoring systems can help alert you and the proper authorities in the case of an emergency, and may end up saving you money in the case one does occur. As of 2019, the average dollar loss per burglary offense was $2,661, which is far more than you’ll pay for a typical home security system.
The Financially Savvy Female: How Women Can Cash In on the Booming Housing Market
Deterring Potential Criminals
Simply indicating that you have a home security system in place via signs, stickers or visible outdoor cameras may deter a burglar from even attempting to rob your home. A 2013 survey of incarcerated burglars conducted by the University of North Carolina at Charlotte found that 83% of burglars would try to determine if an alarm was present before attempting a burglary, and 60% would seek an alternative target if there was an alarm on-site.
Modern Money Etiquette: Is It OK To Ask Someone How Much They Paid for Their House?
Peace of Mind
Many home security systems allow you to keep tabs on your home from wherever you may be, so even when you’re not at home, you can ensure that everything is as it should be. And you can also rest easy knowing that your home is being monitored while you sleep.
It Makes Your Home More ‘Smart’ and Energy-Efficient
A home security system can be a worthy add-on to your home’s smart features. Smart door locks and garage door openers allow you to let friends and family into your home with the touch of a button. And security systems can also be linked to your smart lights and thermostat, enabling them to adjust automatically to save energy.
Discover: 5 Affordable Ways To Make Over Every Room in Your House
Lower Homeowners Insurance Premiums
Homeowners insurance providers typically offer a premium discount of 5% to 20% if you have a professionally monitored security system installed, U.S. News & World Report reported. Discounts are higher depending on what exactly the system monitors — you’ll get a larger discount if it monitors for fires, smoke and water damage than if it only monitors for intrusions.