Your home’s market value is determined by many factors. Home security upgrades can have a positive impact on its market value. Continue reading to learn more about 3 ways how security upgrades can increase your home’s value.
Security Improvements Will Help Buyers
Don’t underestimate the value of traditional safety measures — upgrades don’t have to be high-tech to provide increased security. And, just like with security systems and home automation, there are several easy safety options you can invest in that will really pay off in terms of home value.
Valuable Traditional Safety Options:
- Neighborhood Watch
Neighborhood Watch programs can help reduce crime, which has a strong correlation toincreased property values. And as former Neighborhood Watch manager Robbi Woodsonpoints out, the program wouldn’t be as successful as it is if it didn’t help area value.
- Window Replacements
Old windows don’t just let out energy — they can be weak points against the elements and intruders. Replacing older windows with newer windows and reinforced locks is an easy project with big potential returns.
- Steel Door Upgrades
Replacing or reinforcing entry doors can help boost your overall home security. Plus, in addition to that added safety, steel entry doors often yield a return on investment that exceeds 100 percent. Source: SafeWise
Security Systems Can Increase the Perceived Value of Your Home
A neighborhood with many homeowners who professionally installed home security system with a monitoring service creates a desirable neighborhood people want to live in. While a security system will protect your family, it also increases the resale value of your home. Buyers often look for a home that offers the security and protection a home alarm system provides, and prefer to choose a home equipped with one over other similar homes on the market.
A safe neighborhood will draw in potential buyers, and a security system will be an added incentive to choose your home. While home values in cities may rise, adding that bonus can mean fewer days on the market. Source: MarquetteTurner
Security Systems Can Be a Differentiator
When you’re trying to sell your home, you want to make it stand out from other houses on the market. A monitored home security system is great way to make that happen.
Contact your home security provider to find out how to transfer service to a new homeowner. Create a cheat-sheet for your realtor that briefly explains how the system works and what safety features it offers. This will help your realtor give prospective buyers an understanding of the system’s benefits, which will increase its perceived value. Source: Porch
Increasing your home’s value isn’t the only reason for installing a home security system. For more information, contact us now!