Before making a decision on installing a home security system, it is helpful to understand the common types of security systems, their pros and cons, and average costs. This will prepare you for some of the questions a contractor might ask and provide valuable insight before the installation process kicks off.
The options you’ll need to consider when installing a new home security system are wired versus wireless systems and whether you want a monitored or unmonitored system. Below we outline the pros and cons of each choice, plus the benefits of some common equipment, such as cameras and alarms.
Wired Security Systems
With a wired security system, all home entry points are connected to an alarm panel via a low-voltage electrical circuit. Other devices such as keypads, cameras or motion detectors are also connected to this panel. When this circuit is disrupted, such as by a window unexpectedly being open, the alarm is triggered.
Features
- Stable connection, no interference
- Often requires professional installation
Pros
- Reliable and secure connections
- No need for battery replacements
Cons
- Complex installation
- Harder to relocate or expand
Cost
$300 to $800 for equipment and installation, $20 to $60 per month for monitoring services if included.
Ideal For
Homeowners who want a stable, long-term security solution.
Wireless Security Systems
A wireless security system features similar security and safety components to its wired counterparts. However, as the name suggests — there are no wires. Rather than the alarm being triggered when the electrical circuit is broken, wireless security systems rely on a series of sensors that use radio-frequency transmitters to communicate with the control panel and set off the alarm.
Features
- No need for drilling or extensive wiring
- Easy to expand and customize
Pros
- Simple installation
- Flexibility in placement
- Often includes smartphone integration
Cons
- Potential for signal interference
- Battery replacements needed
Cost
$250 to $750 for equipment, $10 to $50 per month for monitoring services if included.
Ideal For
Renters or homeowners who want a versatile and easy-to-install system.
Monitored Security Systems
A monitored security system is one of the most common systems on the market. These systems work by alerting an alarm company call center or emergency services dispatcher when the system is triggered. The emergency service personnel then respond to the incident in real-time.
The systems typically include a combination of motion and door sensors, security cameras and sirens. You can also opt for self-monitoring solutions that seamlessly connect your system to your smartphone or tablet for easy observation, or alarm activation and deactivation.
Features
- 24/7 professional monitoring
- Immediate response to alarms
- Contact with emergency services
Pros
- Provides continuous protection
- Professionals handle emergency responses
- Can lower home insurance costs
Cons
- Potential privacy concerns with constant monitoring
- Reliance on third-party services, which may result in slower response times if the service is overwhelmed
Cost
- Monthly fees ranging from $30 to $60
- Installation costs between $100 and $500
Ideal For
Homeowners seeking comprehensive security and professional assistance during emergencies.
Unmonitored Security Systems
An unmonitored home security system, sometimes referred to as a DIY home security system if it is installed by the homeowner, usually works by setting off an alarm when the system is triggered. This security system relies on you or someone nearby to contact authorities on their own. Despite the fact that you will need to take emergencies under your own control, these systems feature many of the same equipment and smart device integrations of their monitored counterparts.
Features
- Audible alarms
- Notifications via smartphone apps
Pros
- No monthly fees
- Lower cost for equipment ($200 to $600)
Cons
- No professional monitoring
- Homeowner must respond to alarms
Ideal For
Budget-conscious homeowners who prefer to manage their security.
If you are having trouble deciding which type of home security system is right for your home, Modernize can connect you with up to four home security pros who can walk you through your options.
Compare top-rated home security pros in your area.
Read real homeowner reviews, explore qualifications, and view promotions. Modernize makes it easy to browse professionals and find one that will be perfect for your project.
