If you are thinking about selling your home now or sometime in the future, you are probably looking for ways to increase its value so you can get the absolute highest offer possible. Being a security company, we at Supreme are frequently asked by new and seasoned homeowners alike if installing an alarm system will increase the value of their home. Our answer? Yes. How? Take a look below to find out!
1. An Alarm System Increases the Actual Value of Your Home
With the popularity of home security systems increasing, many buyers are looking for homes where alarm systems are already installed. So, just as adding a swimming pool, building a deck, or updating your kitchen can increase the number of offers you receive (as well as the amount offered), so can a home alarm system.
You’ve purchased the equipment and paid for its installation, which means all buyers have to do is contact a security company. You save them time and money — many buyers are willing to pay more for this convenience.
2. An Alarm System Increases the Perceived Value of Your Home
While an alarm system has a monetary value that can increase the market price of your home, it also has a perceived value due to its functionality. Alarm systems are installed for the purpose of keeping your home and family safer. Some buyers will likely look at the price of an alarm system and see if the added monetary value it brings is enough to justify the cost of your home. Perhaps more buyers, though, will consider the benefits a home alarm system brings instead. They will think of the added safety, security, and peace of mind that comes with having a system. This will not only make increase the perceived value of your home, but it will have buyers questioning whether or not they should buy other homes that do not have alarm systems installed.
3. Discounts on Homeowners Insurance Justify an Added Investment
Because alarm systems can prevent burglary (as well as fires and flooding when paired with other security technologies), the installation of a system often results in a reduction to your homeowner’s insurance premiums. Your house is statistically at less risk of experiencing damage from one of these threats, so insurance companies are willing to charge you less. The amount discounted depends entirely on the insurance company and your policy, but it can be as much as 20%. This doesn’t exactly increase the value of your home, but if buyers know of this discount, they may be willing to pay more for your property.
Alarm Systems Don’t Just Add Value to Your Home, They Add Value to Your Life
A home alarm system is an investment that you want to be able to justify before buying — we understand that. But an alarm system can do more than just improve the value of your home. With incredibly convenient home automation features like light control, thermostat control, and more, alarm systems can make your life easier and your home more enjoyable.
Here at Supreme Alarm, we build custom, one-of-a-kind solutions based on your needs and wants. We can make something as simple or as robust as you’d like. If you are interested in getting a system for your home, feel free to reach out to us here or get a FREE quote here. We can’t wait to talk with you.