Are you considering installing a home security system? Are you wondering if it is really worth the cost? If so, you aren’t alone.
However, it’s important to understand that there are two ways to measure the value of a home security system:
- The actual monetary cost/value
- Peace of mind
If you want to ensure you make the right decision regarding if you should install a home security system, then keep reading. You can learn all about whether or not it is worth the investment here.
The Actual Cost of a Home Security System
Remember, prices of a home security system are going to vary based on company, features, and more. There are some that can be installed for around $85 while others cost more than $4,000. In most cases, the price is going to help you know the type of features that the system offers.
According to research, it’s estimated that the average American household pays approximately $697 for security system installation and then pays an additional monitoring fee of $41 to $45.
While that may seem like a lot, you have to move on and consider the actual monetary value of your newly installed home security system.
The Monetary Value of Your Home Security System
The FBI estimated that the average loss of a burglary in the U.S. in 2017 was $2,416. This means that if your new security system deters just one burglar during its life, the installation cost and first year of monitoring is covered.
However, that doesn’t mean you just have to suffer through the following years, continuing to pay for the alarm. In fact, the majority of security companies offer customers options, features, new equipment, and services to help reduce costs and increase value. Be sure to ask about this when having your system installed.
Keep in mind, the most important benefit offered by a home security system is peace of mind – and this is invaluable.
