Is Home Security Worth the Cost?
Return on investment is something we hear about all the time. There are so many products and services out there that can make life easier that there is no way we can take advantage of each one. People selling these products and services know this, so they will find ways to sell us on what we get in return for our hard-earned money. But not every product or service qualifies as being much of an investment. So how can we tell whether or not something is worth our time and money?
In most cases, the answer is simple: does the upfront cost save us in the long run? In this calculation, home security serves as a perfect example of how to determine the worth of a product. First, take the price of the service. There are many options and price ranges out there for home security services. The type and number of options along with the size of your home will affect the pricing. But as a general range, home security systems start from around $20 per month to around $80 per month after initial activation charges. In the long run, that amounts to $240 to $960 per year in costs. The annual sum might start to dissuade some people from looking further into home security systems, but this is where the second part of the cost-benefit equation comes into play.
Two Value Points: Peace of Mind & Avoided Costs of Burglary
The value that a home security system provides comes in two basic parts. The first, peace of mind, cannot easily be measured, but in this case we will just call it an additional benefit. In terms of pure measurable costs, the value of a home security system is what it can save you in lost property, not to mention aggravation.
The average home burglary takes $2,230 in property. That number alone far outweighs the cost of a home security system. Even with insurance to cover the cost of stolen property, each homeowner would also need to factor in the time and energy spent reporting the crime, waiting for payment and replacing stolen items. Then comes the time spent arming a home against a repeat offense. The costs and the time spent in the aftermath of a break-in continue to mount.
Being Proactive is Key
To avoid this loss of time, expense and security, the wise move is to be proactive. Get a home security system that meets your needs, your home and your budget. The fact that there are many different options means the system you choose can be even more cost-effective.
Once you have your home security system in place, take other measures like always locking your doors when you leave. The vast majority of home burglaries take place between 10am and 3pm when homeowners are away at work or on errands. Keep your shrubs trimmed so windows and other entry points are visible, and install jams and locks on windows. With the right precautions, you can rest easy knowing your home and property are protected. That peace of mind by itself makes the upfront cost and effort well worth it.