A few little known advantages of using a home security system

Almost every one knows that home security systems and burglar alarms are used to protect your family and assets from intrusions and burglary attempts. It would be naive to list that as an advantage of using one. But as the title of this article suggests, there are a few advantages of using a home security system that not everyone is aware of. Would you believe that installing a home security system can actually help you reduce your tax liabilities? Yes, you heard it right. Your check to the IRS can be reduced by installing a home security system.

Advantage 1: Reduce your tax liability

A home security system can easily qualify as a ‘capital improvement’ on a home. This means that the cost of installing a burglar alarm system can be added to the adjusted cost basis of your home at the time that you are looking to sell it. This cost is a reduction in the capital gain of your home and hence is a direct reduction of the capital gain taxes. You can always speak to your tax advisor about more ways in which you can use a home security system to reduce your taxes.

Advantage 2: It improves the value of your home

A home that is installed with the latest security system will always fetch a premium price in the market. More buyers are looking for homes that have a security system installed, as new installations are considered to be messy by most. Almost any Realtor will tell you that a burglar alarm system is considered to be a big plus.

Advantage 3: It helps you to lower your insurance costs

Now that is a first. If you have a monitored home security system installed then most insurance companies will be willing to offer you a discount on the insurance rates. Why is that? It’s pretty simple. A home security system will help prevent losses. A home with the latest burglar alarms and CCTV cameras installed has a far lesser chance of being burgled than one which doesn’t have it. And if you thought that the monitoring company charges were uncalled for, then here’s some more good news. You can always use that as a deductible business expense if you are running the business out of your home. You can speak to your tax consultant for more on this.

I am sure that you were unaware of these benefits of installing a security system for home. Well, that’s all the more reason for you to invest in one today.