Home Security Systems Add Value
As an off shoot of reality based television, home improvement and remodeling shows are all the rage these days.
Several television channels are completely dedicated to designers who refashion entire homes in a weekend.
Little did Bob Villa know that he was years ahead of the trend.
Since I am a self declared handy-man, I myself have gotten hooked on some of these television shows with one in particular catching my attention.
The premise of the show deals with people who buy run down houses, fix them up and then resell them for a profit.
The key to turning a profit on most of the properties is to make changes in paint, floor coverings and landscaping which make the home more appealing to today's discerning buyers.
Major upgrades are usually focused in the Kitchens and Bathrooms as they are areas of the home that provide the largest return on investment.
For most people, buying a home is probably the biggest single investment they will ever make.
Homes normally appreciate over time and any upgrades and additions made to the home will typically add value.
Having spent over half of my life in the Security Industry, I cannot count the number of times I have been asked if a Security Alarm System will add to the value of a Home.
The answer is simply and emphatically, yes! How much value a security system adds to the appraised value of a home depends on many factors.
When calculating in the added value of a security system, one must consider the size and complexity of the system and the type of technology it employs.
An older system installed in a smaller home whose only protection is perimeter door positions switches will not be worth nearly as much as a brand new, state of the art system with complete perimeter and interior protection, that has been installed in a larger home.
Home Appraisals are calculated largely on the appraiser's opinion as to what your home is worth based on what similarly sized and outfitted homes in your neighborhood have sold for.
If two nearly identical homes are appraised in the same neighborhood, with the only difference being one has a security system and the other does not.
The appraised value of the home with the security system should be more.
Depending on the size of the home, the added value can reach into the thousands of dollars.
With today's technically savvy homebuyers trying to get the most value for their dollar, having that state of the art security system installed just might make the difference between keeping out that For Sale Sign or hanging up a Sold Sign.
Several television channels are completely dedicated to designers who refashion entire homes in a weekend.
Little did Bob Villa know that he was years ahead of the trend.
Since I am a self declared handy-man, I myself have gotten hooked on some of these television shows with one in particular catching my attention.
The premise of the show deals with people who buy run down houses, fix them up and then resell them for a profit.
The key to turning a profit on most of the properties is to make changes in paint, floor coverings and landscaping which make the home more appealing to today's discerning buyers.
Major upgrades are usually focused in the Kitchens and Bathrooms as they are areas of the home that provide the largest return on investment.
For most people, buying a home is probably the biggest single investment they will ever make.
Homes normally appreciate over time and any upgrades and additions made to the home will typically add value.
Having spent over half of my life in the Security Industry, I cannot count the number of times I have been asked if a Security Alarm System will add to the value of a Home.
The answer is simply and emphatically, yes! How much value a security system adds to the appraised value of a home depends on many factors.
When calculating in the added value of a security system, one must consider the size and complexity of the system and the type of technology it employs.
An older system installed in a smaller home whose only protection is perimeter door positions switches will not be worth nearly as much as a brand new, state of the art system with complete perimeter and interior protection, that has been installed in a larger home.
Home Appraisals are calculated largely on the appraiser's opinion as to what your home is worth based on what similarly sized and outfitted homes in your neighborhood have sold for.
If two nearly identical homes are appraised in the same neighborhood, with the only difference being one has a security system and the other does not.
The appraised value of the home with the security system should be more.
Depending on the size of the home, the added value can reach into the thousands of dollars.
With today's technically savvy homebuyers trying to get the most value for their dollar, having that state of the art security system installed just might make the difference between keeping out that For Sale Sign or hanging up a Sold Sign.
