Are Home Security Systems Worth It?

You’ve likely been told by everyone you know that a home security system is an essential purchase. With a line of defense against seasonal porch pirates and would-be burglars, home security systems advertise the ability to protect you from the worst-case scenarios.

But is it worth it to invest in a system? Let’s consider the benefits and drawbacks of using a home security system. Read on and take some time to consider these home security points when making your final decision.

Pro: Security Against Intruders

Robberies occurred nearly every 2 minutes throughout 2018, according to the FBI. When someone breaks into your home, they may steal your items. But most importantly, they could harm anyone in the house on their way to snatching your valuables.

With that in mind, it’s completely understandable to want to seek out a home security system. Once you have one in place, you’ll have some peace of mind that your home is protected.

Pro: Protection Beyond Robberies

When you first think of home security systems, you likely think about the home defense aspect. Although protection from home invasions is a critical part of a useful home security system, you can get more value out of some systems.

If you spring for an upgraded model, you can feel even more at ease. Not only can security systems protect your home from would-be burglars but also monitor for fire and carbon monoxide. In this way, these home security systems can provide even more protection.

Con: High Install Costs

No matter what system you choose to install, you’ll likely spend several hundred dollars. Even the more affordable DIY options require upfront equipment costs.

If you go with a more traditional provider, then you’ll be on the hook for monthly payments to continue your service. The monthly costs could range between $20 to $50 per month. Although that payment will come with helpful service, it could put a dent in your budget.

Con: False Alarms

Like all technology, it’s helpful when it works and annoying when it doesn’t. When you install a home security system, you should definitely expect a false alarm at some point. While false alarms aren’t a big deal, they can be an inconvenience.

Beyond false alarms, new home security systems that run on wireless communication may be vulnerable to hackers. In fact, an HP study found that 70% of wireless systems have weak points that could be exploited by hackers. Unfortunately, those weak points could allow a tech-savvy criminal to bypass your carefully laid out security system.

So, are home security systems worth it?

Home security systems are similar to an insurance purchase to protect yourself and your family. As with all major insurance purchases, the best-case scenario is that you would never need to rely on your home security system. The hope is that your newfound security will deter criminals at the door. But if someone did break into your home, then you would be glad that you have a security system to alert you.

In the end, only you can determine if a home security system is worth it to you. You should weigh the benefits and drawbacks of your unique situation. Check out the crime stats in your areas and consider your comfort level with risk. If you would feel more comfortable in your own home with a security system in place, then it is likely worth the cost.

Once you’ve decided to invest in a home security system, it’s time to pick on the right one. It’s important to find a system that suits your comfort preferences and your budget.

With that, let’s take a closer look at some of the top system recommendations.

Traditional Home Security Systems

A traditional security system offers the things that typically come to mind when you think of security: alarms, outdoor cameras, sensors that monitor for open windows, and professional monitoring services. If you pursue this option, you should expect to lock in a contract for these higher-end services.

Here’s a look at some of your traditional options:

• ADT. As one of the most well-known security systems, it’s also one of the best. You can work with an agent to customize your security plan and enjoy professional installation. But you’ll need to sign a long-term contract to keep your home safe.
• Vivint. With Vivint, you can expect top-quality installation from professional. The company offers a free home consultation that will walk through the best security options for your home.

Although these traditional security options can be on the expensive side, they are a tried-and-true way to secure your home.

DIY Home Security Systems Installation

A DIY home security system a good choice if you want to keep your costs low while protecting your property. Although you will be responsible for your security system’s set up, a DIY approach can allow for more control over the cost.

Here are a few of the best wireless home security systems to consider:

• SimpliSafe Home Security. SimpliSafe is a DIY system that has a $230 starter kit. Once you’ve set up the system, you’ll still need to pay a monthly fee of at least $15 to access the remote features.
• Ring Alarm Security Kit. The Ring starter kit is $250. But you can add more detection devices to your home as needed. If you already have Alexa, this is a great option because you can control the system with voice commands. If you want professional monitoring, you’ll have to pay $10 a month.
• SmartThings ADT Home Security Starter Kit. The startup costs of this system are on the high end at $550. Plus, you can invest in an expansion kit that includes a smoke detector, carbon monoxide monitor and water leak sensor. For professional monitoring, you won’t have to sign a contract, but you will need to pay $15 to $35 a month.

As you consider these options, think about the costs as well as the services offered. Make sure that you’re comfortable with both the price and the protection.

It is critical to find a balance between functionality and cost that suits your needs. Otherwise, you may not be happy with your security system.

A home security system can provide protection from a variety of threats. As you decide whether or not a home security system is worth it to you, consider the peace of mind that security offers.

You might find that a reasonably priced system is well worth the reward of knowing that you and your family are protected from whatever comes your way. You can also explore different financing solutions to help soften any upfront costs to secure your home.