When you think about protecting your family or business, you may wonder whether home or commercial security systems are worth the investment. While your return on investment (ROI) will depend on your unique circumstances, purchasing security technology is a great way to upgrade your building’s safety measures.
Your home is your family’s safe haven, while your business building keeps operations running smoothly. Any buildings you own are also precious financial investments. When you’re ready to sell your house or commercial building, either someday soon or years down the line, security measures can help add value to your property.
How Much do Security Systems Cost?
Going in, the average cost of residential or commercial security technology is just under $700, although you can find systems for anywhere between $300 and $1,000 or more. From there, monthly monitoring and maintenance will run anywhere from $10 to $65 or more, plus initial activation fees. You’ll also need to factor equipment and installation costs and extra security measures into your overall expenses, which can add hundreds of dollars, depending on what add-ons you need or want.
With so many security options on the market, you can find a package that fits your budget while keeping you safe. When contemplating whether security systems are worth the cost, you’ll want to consider the ways they can have a positive impact on your lifestyle and finances.
What Is the Value of Security?
You must have valuable belongings to protect if you’ve ever considered a home or business security system. The value of that protection could extend far beyond personal safety. Think about the cost of replacing items burglars could steal from your home or business. Consider what your insurance deductible would be after a break-in, plus how long it would take to replace stolen items.
While break-ins are events you might not want to think about, if they do happen, their consequences can be costly and time-consuming. Rather than risking safety and expenses, you can avoid security issues with specialized technology.
Some of the biggest advantages of security systems include:
Insurance Savings
You may get a break on your homeowner’s insurance if you have a security system. Insurance providers insure risk, meaning they protect your buildings, properties and belongings in the event of accidents, natural disasters and thefts. The higher the chances of these events, the higher the chances a provider will have to pay a claim for your property, so the higher your insurance payments will be.
Security technology lowers those risks, protecting your home or business so a thief is much less likely to make off with your belongings. Your insurance costs may decrease accordingly.
Resale Value Increase
When you sell your home, prospective buyers may be more interested if it’s already set up with security measures. Home security may be one of your buyer’s priorities and is a standard for many homes on the market today.
Selling full protection with your house makes it move-in ready for the next security-conscious owners. People will appreciate the included safety measures, meaning you may be able to sell your home more quickly and get a better price, increasing your security system ROI. This delivers value that can help a security system pay for itself.
Peace of Mind
Above all, security systems are a great investment because of the peace of mind they offer. You’ll enjoy your time away from home knowing your property and belongings are protected at all times. And, with recent shifts leading to more at-home opportunities such as virtual classes and remote work, you can feel just as safe staying home with your family or by yourself during the day.
Rest assured your home or commercial building will be protected with various security options, including:
- Video security systems: Have an extra set of eyes on your property with digital video solutions providing you with on-demand clips and live monitoring. Video surveillance systems let you check in on your belongings or employees and can alert you right away to any suspicious activity.
- Access control systems: Remotely control the door locks on your home or business with access control systems, which can also help you allow pet sitters into your house or lockdown your facilities in an emergency.
- Apps: Combine the above services and others to help your home stay secure using home automation system apps. Control your home’s entryways, thermostats, video surveillance and other security measures with connected technology you can access from anywhere on your smart devices.
The value of home security is well worth its costs, as you’ll enjoy returns on your investment, property safety and peace of mind for years to come.
Lloyd Security: Minneapolis’s Source for Security
Here at Lloyd Security, we are your source for security expertise, products and services in the Minneapolis-St. Paul area. We can help you assess the value of your home’s or business’s security given your unique situation. From there, we’ll guide you in creating the residential or business security system that gives you peace of mind.
Contact us today to learn more about our advanced security solutions for your home or business.
