According to one major alarm company, it costs just pennies a day to prevent a break-in. But the price of alarm services can quickly add up: A premium system will cost you $600 to install, plus $500 a year for monitoring. So the real question is: Are these systems really worth the money?
According to Simon Hakim, an economics professor at Temple University in Philadelphia, home security systems almost never catch burglars. After analyzing the data, Hakim found the average police response time to a triggered home alarm is between one and four hours: so there’s plenty of time for perpetrators to flee.
But despite the abysmal record when it comes to actually catching thieves, alarms can play a significant a role in preventing break-ins, explains Hakim.
Read more: http://www.moneysense.ca/spend/real-estate/the-secret-to-stopping-break-ins/