When looking for a place to live, security and safety are major concerns. You want to feel safe and know that your belongings are secure as well. Home security systems are usually associated with homeowners, and rarely thought about from a rental or leasing point of view. This article will highlight the purpose of home security in the rental market by providing information for both landlord and tenant.
Home Security & Landlords
Have you ever wondered how you could increase the value of your rental property? Or better prevent property damage and increase tenant safety? If you answered yes to any of these questions, installing a home security system in your rental property is something to consider. Here is some information that may help you decide if a home security system is right for you and your rental property.
- Rental properties with home security systems tend to generate higher rental income than those without.
- Home security may be the deciding factor for possible tenants, especially those living alone or with their young children.
- There are various discounts on Renters Insurance for homes that have a home security system. Check with your insurance company to see what kinds of discounts are offered
- In the event of theft, fire, or other emergency, a monitored home security systems will alert authorities, which can reduce the risk of property damage.
- Many home security system companies offer 1 to 3 year contracts, giving flexibility with the length of the lease term.
- Whether your rental is a studio apartment or a 5-bedroom single family home, there is a home security system to fit you and your renters need! Home security systems provide a range of functions: fire alarms, burglary, carbon monoxide detection, home automation, video surveillance and more.
Tip: If you already have a home security system in your rental property, make sure the lease agreement specifies the system in terms and conditions of use, access codes, replacement, and servicing.
Home Security & Tenants
According to the National Crime Prevention Council, apartments are 85% more likely to be victim of theft than single family homes. The good news, a home security system is proven to reduce property crime by as much as 300%. Better yet, you don’t need to be a home owner to enjoy the peace of mind a professionally monitored home security system provides. Here are some things to consider when it comes to renting and home security.
- Before signing a lease, do your homework: know the crime rate of the community, look for trends in theft, burglary and home invasion. Talk to neighbors and other community members.
- Home security system companies have various contract lengths which can easily reflect the length of a lease term. Similarly, many systems can easily move with you.
- Home security systems are proven crime deterrents: you can rest easy knowing you, your family and belongs are safer with a professionally monitored security system in place. Interactive security and automation features also provide convenience and savings.
- Always consult your landlord before purchasing a home security system.If your landlord does not allow hardwired alarm systems, many companies like Frontpoint, offer wireless systems that do not require permanent installation. Many of these systems are mobile, so once your lease is up, you can take them with you to your next home.
- When living with roommates, you can’t always control the traffic in and out of your home. Some security systems provide video surveillance and monitoring that can be done from your laptop or smartphone. Additionally you may be able to set different access codes for each user.
If you’re interested in a home security system we you can visit our company directory page and compare the top providers in the country.