Using Home Equity to Install a Security System

Protect your family with a home security system

Home security systems protect more than your valuable materials, they can also protect what matters most to you - your family. Burglaries can cause physical and psychological harm to families. To avoid such a traumatic experience and keep your family as safe as possible, you may want to consider installing a security system.

Security systems have been proven to deter theft and save lives in the event of an emergency, as many of them are designed to notify authorities in case of a fire or flood as well as break ins. Knowing someone's keeping an eye on your home and family in the event you're away can give you peace of mind. Installing a security system can also lower home insurance rates as you'll present less of a risk to the company. Learn more about the security systems available and some tips to make your home more secure.

Have a professional install and monitor your security system

While this may be the most expensive option, it's also the most comprehensive and allows you to have greater peace of mind with your home's security. Professionals have the expertise to hook up cameras, window and door sensors and motion detectors. They can also provide you with panic buttons, which are especially helpful for elderly homeowners who may live alone. If anything goes wrong, the system is monitored 24/7 and can send an alarm to local authorities to bring help.

Monthly fees can be higher on these systems and there's often a contract requiring a long-term commitment to a home security provider. So if you're thinking about getting a professionally installed security system, consider using home equity financing to cover the costs. Your home is an investment, and using a home equity loan or line of credit to cover security system expenses can help protect it.

Install a security system yourself

Professional security systems have a lot of benefits, including the ability to monitor your home when you are away, but do-it-yourself (DIY) systems are also available at a more affordable price. With a DIY system you can customize it to fit your needs. If you only want to arm doors and windows with alarms, protect an office space, or install video cameras and flood lights outside your home, you can! You may even be able to find a combination system that lets you handle installation, but will provide monitoring services for you.

Many of the security systems you can install yourself are wireless, which can make them simpler to install, but if you're doing something more complicated, you should be prepared for the time commitment. You should also prepare for DIY systems to have a higher initial cost, because you are purchasing all the components upfront. And most don't have a support team to fix any issues, so you could end up paying more if something goes wrong. For this reason, it may be wise to use a home equity line of credit to pay for the system. This will ensure you have money on hand to cover initial installation and any subsequent security costs.

Take steps to make your home more secure

Whether you choose to have a professional install your security system or do it yourself, there are some other things you can do to make sure your home is secure when you're away.

  • Avoid 'checking in' to social applications like FourSquare when no one is home.
  • Purchase a timer for your lights to give the appearance someone is home.
  • Have a friend or neighbor housesit, or look in on your home when you're away for extended periods of time. At the very least, let your neighbors know when you'll be gone so they can be aware of any suspicious activity.
  • Install outdoor lighting near your entrances to deter would-be robbers.
  • Keep valuables locked in a safe.
  • Get in the habit of locking your door whenever you leave the house.
  • Change the locks when you move in to a new home.

Use a home equity loan or line of credit to help pay to install your security system

It's important to feel secure in your home. If you decide to install a security system, know that you can use your home equity to help pay for it. To find out more, call a Citizens Bank Home Loan Advisor. You can also learn more about your options with this home equity loan comparison.


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