We all know that a home alarm system is a must-have item for any home. It’s an excellent investment that protects your family and assets from theft and other unwanted incidents.
When it comes to the price of home alarms, there is no standard or set rule. Most people think that the cost should be proportionate to the size of the house, but this isn’t always true. The cost of home alarm system can vary depending on how many sensors you need and if you want extra features like panic buttons and carbon monoxide detectors.
But what should you be expecting when purchasing a home alarm system?
Cost of Equipment
Home alarm systems come in all shapes and sizes these days. From simple doorbells with the ability to record sound and video to advanced systems that monitor every window, door, and alarm in your home, it’s hard to say exactly what you should expect in cost.
On average, upfront equipment can cost anywhere from $200 to $1,000. But this doesn’t mean you can’t get a simple video camera for the front door of your home for around $50-$100 each. Another thing to keep in mind is that most home security companies offer discounts and tend to bundle certain equipment together for a cheaper price.
Prior to choosing a home security company, be aware of any potential activation fees. These costs are typically hidden and you may not be aware of them until it’s too late and your equipment is already installed. Activation fees may be free but some can also be about $200.
If you opt for home security systems that has a simple set up, the good news is that you can most likely save money and install the system yourself. However, if you choose to have a wired system or one that requires professional installation the average rate is around $200 or more.
Cost of Monitoring
Most systems come with professional monitoring services 24/7. This of course comes at a cost. Generally speaking, companies charge on a monthly basis and range anywhere from as low as $3 per month to $20 or more depending on how many devices require monitoring.
Luckily, most companies offer a yearly price that can save you a bit of money. But if you are looking at a system that is only being monitored by you and relying on notifications to your phone, this cost is typically free.
Be Aware of Contracts
When choosing a home security system, it’s important to compare the systems you are most considering and their prices. Some don’t require a contract, while others do. Be aware of any contracts you may be committing yourself to and the fees that may occur if you terminate said contract.