An handsome man pointing to a tablet with smart home control system.
Looking for ways to increase the value of your home? Consider installing a home security system. According to SafeWise, an independent review site, buyers are more willing to pay more for a house that makes them feel secure, and a home security system can go along way toward creating that feeling. Home security systems can also reduce the cost of home insurance for you and your potential buyers; according to SafeWise, many insurance companies offer discounts of up to 20 percent with the addition of a security system. SafeWise suggests the factors you should consider as you’re considering a purchase or shopping for different systems. Consider your goals for a security systemWhether it’s to deter potential burglars or to notify you about potential flooding or give you the ability to electronically check in on children, what do you want to get out of the system? What will potential buyers want? If you live in a neighborhood with low crime rates, the focus may be different. Think about what would encourage you to buy the house. Look at the available featuresSecurity systems offer different levels of features. Some systems can connect smoke and carbon monoxide alarms to the system, which will contact emergency services in the event the alarms go off. You can also install wired and wireless surveillance cameras inside and outside your home. Depending on the system, it can do more than deter burglars; many systems now allow you to keep watch on your house via smartphone apps or alert you to someone trying to access gun or liquor cabinets or other sensitive areas. Determine what you can affordSecurity systems can be expensive. The installation can cost anywhere from $250 to $1,000, according to SafeWise. More cameras and monitoring options will cost more to install. Additionally, you have a monthly payment to the security company, which varies depending on the plan and levels of monitoring. Plans can be as inexpensive as $20 to $30 a month up to several hundred dollars a month for round-the-clock monitoring or regular security patrols. Look at other safety-oriented featuresHardwood or reinforced exterior doors, commercial grade deadbolts on exterior doors, strong locks for windows that open and motion detectors on outdoor lighting.