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Does Your Raleigh Court Property Need a Security System?

Raleigh Court Woman Adjusting Home Security SystemOnce identified as a luxury, security systems are rapidly becoming popular for residences of all sizes. This growing trend has several Raleigh Court rental property owners confused if they should install security systems in their properties, too. Unlike older, high-cost security systems, new technologies have created efficient, low-cost options for residential property owners. But does your property need a security system? To make things clear, you need to know first both the pros and cons of installing one.

Going by the numbers, you will be stunned by how many burglaries are in your area. Statistics show that home burglary is happening every 13 seconds in the U.S. – that’s nearly 6,000 home burglaries per day. And contrary to normal belief, 59% of these burglaries happen during the day, when the residents are away at work.

Not surprisingly, crime rates vary from location to location and even from one neighborhood to the next. There are relatively few burglaries in some areas, while in others, they seem to happen regularly. Yet, it’s important to consider that burglaries can and do happen even in “safe” neighborhoods. Just because there hasn’t been a recent burglary nearby does not mean that it couldn’t happen in the future. This is especially true in new or developing areas, where the population is increasing rapidly.

With just over 30% of homes in the U.S. with a security system, it’s worth taking a moment to evaluate if installing one into your rental property is good for you. One of the great benefits of having a security system is an enhanced sense of security. Most burglaries involve some property damage, such as broken windows and door locks. And the horrible fact is that people are sometimes hurt or even killed during burglary attempts.

Having a security system might help you lower your insurance costs and recruit and retain safety-conscious tenants. Many landlord and renters insurance providers offer discounts for properties with a security system, which may help offset the cost of the system itself. Along with having quality tenants, one of the reasons for this is that all types of home invasions often result not only in damage and the loss of personal property but of your tenant’s peace of mind as well. If you can offer your tenants the added measure of a security system, they will choose to stay in your rental property. When a tenant feels secure, they are also more likely to do other things that help safeguard themselves and your property.

Moreover, security systems do come with a few potential disadvantages as well. One of the main concerns for rental property owners is the cost. To install a security system, you’ll need to budget not only for the initial installation costs but also for monthly monitoring fees.

On the whole, these costs can add up instantly. Obviously, there are less expensive options in home security systems at this point. Yet, these inexpensive systems are often more vulnerable to theft. There is no guarantee that your tenant won’t try to take their video doorbell or other devices with them when they decide to leave.

Finally, it’s vital to consider tenant privacy before deciding to install a security system. Some tenants may find the thought of security alarms or cameras invasive, especially if they don’t have control over what type of system it is or who might be monitoring it. This is also applied to property owners who plan to pass the security system’s cost off to their tenants. Tenants may not want to pay for it or may even cancel monitoring services, which could harm your property as if you never installed the system in the first place.

Do you still have questions about the best security measures for your rental properties? We can help! Our Raleigh Court property management professionals have the information and expertise to make that decision easier. Contact us online or give us a call at 540-595-7411

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