By: The Wall St. Journal • Oct. 11, 2018 08:50:16A home security camera is one of the most common and most overlooked ways to prevent home invasions, burglaries and other home invictions.
It’s also one of its most expensive.
The devices cost as much as $1,500 to $3,000, and they can’t be replaced or repaired unless the owner is willing to pay more for new ones.
Home security cameras are among the most expensive, with more than half of the devices purchased for home security cameras last year costing more than $2,000 per device.
The average home security system costs more than twice as much, according to a survey of more than 10,000 consumers by security technology provider IHS.
The average home system is also one in 10 times more expensive than the average consumer in the U.S.
The survey found that home security systems from Home Depot, Lowe’s, Best Buy and Home Depot’s own brands are among those that cost the most, accounting for nearly 90% of the equipment purchased.
In contrast, less than one-third of all consumers purchased the same type of system at a typical price.
“Home security systems are still the number one option when it comes to getting an invasion or burglary solved, but their price is just as important,” IHS chief technology officer Mark Boles said.
Boles and IHS’s security technology director, Mike Kugler, both said the survey shows the value of using home security software.
“It’s the safest way to protect your home, and the best way to keep your property secure,” Kuglers said.
“It’s a cost-effective option for homeowners that have a security camera system and the software that’s available to them.”
Boles said the most important reason for buying home security products is that they offer “fresher” features, such as automatic backup systems and a camera that can be programmed to automatically turn on a camera and record video when a person leaves their home.IHS surveyed about 3,000 people to understand what people are paying for home surveillance systems, and it found that consumers spend about $1.1 billion on home surveillance software each year.
I also said consumers are spending an average of $100 per person for a security system.
“I think it’s a good time to revisit the question of why people have security cameras in the first place,” Kortney said.
IHS says that people have three reasons they have them: for protection against home invasion, to deter burglars, and to help keep them safe.
“A lot of people are really concerned about the safety of their property, whether that’s from burglars or burglars trying to break into their home,” Kohns said.
But a recent survey of 2,000 Americans by IHS found that about half of people said they have not seen a burglar in the last month.
Some home security equipment may be available for free, but they may not be reliable, said John Ochs, president of security technology company Largest Security Systems.
“If you look at the equipment manufacturers, they all use proprietary software that may not work on newer versions of the operating system,” Och said.
If a home security app does not have a way to make it work with older versions of Android or Apple’s iOS, then a security software provider may charge for an additional installation.
I’ve seen a lot of companies charge up to $300 to $1 on the spot for a system that does not work.
I would say a home system that’s not working is worth less than a $500 security system,” said Paul Johnson, president and CEO of the American Home Security Association.
He said a lot people get stuck with expensive home security solutions because they have a high interest rate on credit cards.
Johnson said credit card companies have become a “critical source of revenue” for home owners and that consumers have lost faith in them.
Johnson said a consumer can always get a refund for a home surveillance system, but that some people who don’t have a credit history may be less willing to forgive the cost of a home device.
Johnson’s group has teamed up with the nonprofit organization IHS to help customers understand the cost associated with a home camera system.
The group also has created a video that summarizes the costs of the three most popular home security devices, with additional analysis and links to consumer-friendly tools for home systems.IH has partnered with the Consumer Federation of America, the Home Security Alliance, and consumer-focused nonprofit advocacy organization Consumer Watchdog to offer a free, 24-hour webinar to educate the public on the benefits of home security.
The webinar will be hosted on IHS’ website at homesecurity.israeli government says it will allow home security companies to sell to the US if they can prove they are complying with home security laws and rulesSource