If your home’s on the market, you’re likely exhausted from rushing around re-painting the spare bedroom, upgrading the kitchen counter or retiling the bathroom shower. The good news is, there’s no better time than Spring to sell your home and the best two-week window is the first half of May. In fact, U.S. homes listed in the May 1-15 period generally sell almost two weeks faster than the average listing in the year. If that’s not incentive enough, the negotiated price is $2,400 more, on average.
After you replace that run-down garage door, don’t forget updating your home security system may also be a value-add. Here are the top three reasons why updating your home security system prior to selling your home will boost your negotiating power.
1) Insurance Discount
One of the most quantifiable benefits of installing a security system is homeowners insurance discounts. In fact, the top 10 insurance providers will provide an average discount of 20% to homeowners that install monitored home security systems. The discounts are the result of modern alarm systems that not only deter burglars but more importantly, reduce home damage caused by fires. Fire and lightning claims are almost 10 times higher than claims for burglaries and thefts.
2) Peace of Mind
Even without actual dollar savings attached, a security system can add value to your home by providing peace of mind. Knowing that your family and belongings are safe from potential burglars, fire, and even floods is priceless. So you can take that trip with your family knowing someone is keeping an eye on your home.
For more and more new homeowners, simplifying daily routines like turning on lights, adjusting the heat and changing the music are desirable amenities. As home security technology has advanced, so too has the homeowners expectation for built-in simplicity. Many home security systems now allow you to remotely make sure the kids got home safely or see who’s knocking on the front door. With the latest networked digital video surveillance systems, remote access to your home or business is always just a click away.
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