Every thirteen seconds, a burglary occurs somewhere in the United States, and one of the best ways to ensure that your home does not become just another statistic is by investing in home security. Arming your home with this type of system remains a great crime deterrent no matter the cost. But we know just how difficult it can be to approximate the price of a new residential security system. 

This article will outline some of the major costs associated with home security systems and the best way you can work a security system into your budget. After reading, you will have a better understanding of the hidden costs and important considerations to make when it comes to home security. 

How Much Does It Really Cost to Install a Home Security System?

Initial Set-Up Costs

When first installing your system be prepared to be peppered with various expenses. These include labor costs for insulation, hardware costs for equipment, and possible costs for software features. Today, it is fairly easy for companies to install wireless security systems, but that does not make them free.

The cost of equipment and the installation expenses will vary based on a number of factors including, the amount of hardware and the system capabilities. Labor costs for security system installation jobs range from  $60 and $150 per hour depending on the specifics of the system and the difficulty of the installation.

Similar to the labor costs, the hardware costs will depend greatly on what product you choose. Most systems have equipment packages going for anywhere from  $200 to $1,000. This may seem like a large and unhelpful range, but luckily it highlights the amount of customization you are able to do with your system. 

Do not forget to consider sneaky hidden costs like activation fees or service tests. Some providers will attempt to hide these within plans to jack up prices. When you have a consultation with your service provider, make sure to lead a conversation on all the costs you should expect from installation and in the future. 

During this phase of the project, you will make many of the most important budgetary decisions. Be sure to look into all of the hardware options available to you and choose features that are cost-effective and well-suited to your home and its needs.

Long Term Costs and Upkeep

Once your system is all set up, the costs do not simply disappear. Your security system will still be costing you in the form of upkeep/ maintenance and possible monitoring costs. Investing in an unmonitored system is a great way to cut costs, but keep in mind that the level of protection drops significantly when someone switches to an unmonitored system. 

For those looking for the added protection of a monitored system, you should expect a monthly fee of $15 to about $65. Where your system falls within this range will depend on a number of conditions, including the scope of monitoring capabilities you would like. 

Upkeep fees can take a few common forms, some of which are quick fixes, while others may involve more costly repairs. Wireless systems are typically known for requiring more frequent servicing usually in the form of switching out batteries. For repairs, you can expect a bill between $95 to $150 per hour plus materials.

Don’t forget that depending on where you live, you may be required by law to have your system inspected in an attempt to reduce false alarms, at the cost of about $95 to $150 a year just for annual inspections.

Now You Are Ready to Balance the Books!

Setting up a security system requires a lot, from the installation costs to monthly monitoring bills. But these costs will feel insignificant when weighed against the feeling of security provided by an effective residential security system. 

Also keep your eyes peeled for sneaky additional fees like product tests, activation fees, or inspections. These types of costs can add up and end up surprising you in the long run. 

If seeing all these costs put you on the fence regarding home security, don’t worry. Lots of people wonder if all these costs are really worth it. This informative article highlights some of the leading reasons why home security systems are totally worth it.  

Now you are ready to hit the ground running on your journey to a secure home. Budgeting effectively remains one of the best ways to live a healthy and balanced lifestyle, and working in a home security system will only enhance your quality of life. Reach out to us for more information about installing a security system in your home!