Can Smart Home Security Increase Your Property Value?
An updated home security system can help keep your home safe, and may even raise your home’s property value.
If you have been thinking of getting a new security system for your home, and are wondering how it might impact your home’s value, this post is for you!
There are lots of reasons that homeowners install a security system.
Smart technology offers home security options that are more advanced than ever before. But, can a smart home security system really increase the value of your home?
Read on to learn more!
How Smart Home Security May Affect Your Home’s Value
For some home buyers, home security may come as a major selling point. Here is how it might impact your home’s sale price, and keep you safe in the process!
1. More People are Investing in Smart Technology for Their Homes
One study reports that in 2016, smart home technology purchases increased by 259%.
This statistic implies that there has been a huge upswing in the number of homeowners, tenants, and buyers interested in what smart technology has to offer. It also leads to the assumption that smart technology might be one of the factors that can make your property appealing to more people, and perhaps more valuable than other homes that are less equipped.
The study included devices for home security, reducing energy costs and improving home entertainment.
2. Smart Home Security Has Been Named One of the Ways Tech can Boost Home Values
Leading news sources of major cities report that smart technology is one of the top ways to enhance your home’s value.
This is especially true if your home’s market tends to appeal to families or professionals who may travel.
A smart home security system allows you to keep tabs on your home via your smartphone. It can alert you if motion is detected, or if any alarms sound.
For parents who have children at home, or for people who travel frequently for either business or leisure, this can be a major advantage that can definitely add to your home’s selling points.
3. Is a Smart Home Security System Worth the Investment?
According to one source, Do It Yourself models are available at a fraction of the cost. However, they may be more complicated and not as appealing to new homeowners or tenants.
You must also factor in the cost of the equipment, which is likely to hover just under $100.
If you choose to invest in a monthly service supplier, the cost difference is not that significant. Typically, these services begin at about $20 per month.
This makes a smart security system a relatively inexpensive investment for your home, especially if you consider that it stands to benefit not only the future occupants but yourself and your family as well for the duration that you live in the home.
If you think that you may be selling your home in the near future, or if you currently have your home on the market, a home security could increase the maximum value that your home is worth.
If you are selling your home, an updated security system could be a simple investment that will impress buyers.
Want more simple solutions to increase your home’s value?
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