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The cost to install a home security system averages about $700, with prices ranging from as low as $280 up to $1,150. Cost factors include the type of system, whether it’s a traditional wired system or a wireless system that you can control from your smartphone or other smart device. Additional costs include any add-ons such as cameras, monthly subscription fees, sensors, and services like monitoring and fire, smoke, and carbon monoxide detectors.
Home security systems can be worth the cost in a few ways, depending on your situation and personal preference:
Installing a home security system can save up to 20% on home insurance premiums, helping defray the cost of initial setup and add-ons like monthly monitoring and subscription fees.
Adding a home security system creates peace of mind that may be well worth the cost of installation, especially if you live in or near an area with higher crime rates.
Protecting the valuable assets in your home may be another reason that a home security system is worth the cost.
Although a home security system may not add directly to the value of your home in terms of living space, it may appeal to prospective home buyers considering buying your home. It’s difficult to quantify the value that different people may place on the peace of mind that a home security system offers. But for the right buyers, a security system will help make the decision to buy much easier.
Some but not all security cameras have monthly fees, depending on the specific camera system and the services offered with it, especially monitored vs. unmonitored security systems. Home security companies that offer monitoring services along with cameras will charge a monthly fee for monitoring and possibly for using the security cameras. Cameras that you monitor yourself as part of your own security system will not have monthly fees charged.
Yes, you can install a home security system in an old house. In fact, you can install a security system in any home. Some wiring may need to be added, but most home security systems do not require a lot of additional wiring. Wireless security systems can easily be installed with minimal additional wiring, if any at all. Most wireless security systems can be monitored and controlled from your smartphone, and the cameras and sensors operate on batteries.