20 Pros and Cons of Home Security Systems in 2024

If home security systems were a blockbuster movie, they’d be full of plot twists, superheroes, and maybe even a few villains. Sure, they’re billed as the ultimate guardians of your domestic universe—but are they really the all-stars they’re cracked up to be?

You might be thinking, “Duh, of course, I’ve heard they’re great.”

Hold that thought. 🤚

With years in the cybersecurity and home security trenches, I’ve seen these systems in action—the good, the bad, and the ugly. I’ve advised countless homeowners and consulted with industry leaders to get a full 360-degree view.

In this detailed guide, we’re going beyond the hype. We’ll dissect the undeniable perks and expose the hidden downsides of home security systems.

By the end, you’ll be armed with the info you need to decide whether a security system is your home’s superhero or a costly sidekick.

Ready to separate fact from fiction and make the smartest decision for your home? Buckle up.

Weighing the Pros and Cons of Home Security Systems

Pros of Home Security Systems:

  1. Excellent crime deterrent.
  2. Offer high levels of home automation.
  3. Can be monitored 24/7.
  4. Offer multiple levels of security.
  5. Provide evidence in case of incidents.
  6. Potential for cheaper home insurance.
  7. Allow for remote viewing and operation.
  8. Some systems are completely DIY.
  9. Systems can be portable.
  10. Offer peace of mind.

Cons of Home Security Systems:

  1. Can be expensive.
  2. Time-consuming to pick the right system.
  3. Difficult to set up.
  4. Prone to false alarms.
  5. Reduced privacy.
  6. May require long-term contracts.
  7. Do not guarantee 100% crime prevention.
  8. Require regular maintenance.
  9. Some systems are not portable.
  10. May require an alarm permit.


Pros of Home Security Systems

Excellent Crime Deterrent

Having a home security system is one of the top ways to protect your home.

Even burglars admit that they prefer to avoid homes that have security systems. There is just too much room for things to go wrong. Instead of risking it, they prefer to look for easier targets.


They Can Offer High Levels of Home Automation

Today home security systems are capable of offering home automation like never before.

They can lock and unlock doors automatically when necessary. They can monitor your home for suspicious events and inform you in real-time of the status of your locks, cameras, and sensors.

Some can even be set to adjust your thermostat or lighting automatically.

Home security systems are not just security systems but a part of your home—something that people with busy lifestyles will definitely appreciate.


Can Be Monitored 24/7

Many home security systems can be self-monitored and alert you online or through your smartphone in real-time, 24/7. In general, this means lower monthly costs, but at the expense of certain security features.

However, many home security providers offer 24/7 professional monitoring for an additional fee.

If something triggers your monitored home security system, both you and the monitoring team are notified. The security team will try contacting you, and even if you are not available, they can call the relevant emergency responders.

Some security systems even allow the security team to communicate directly with any potential burglars through the cameras.

That allows for better reliability, security, and may even cut down on false alarms.


Can Offer Multiple Levels of Security

Home security systems today are not just geared toward deterring crime.

Although you can find fairly basic home security systems that include cameras and door and window sensors, others will consist of multiple different sensors and devices.

For example, they can include motion sensors, smoke detectors, flood sensors, glass break sensors, emergency buttons, video doorbells, garage openers, smart locks and deadbolts, and so much more.

All of these serve one function—to make your home more secure.


Can Provide Evidence

Even if something gets stolen from your home, home security systems can provide evidence, which can result in pressing charges and help with insurance companies.


Cheaper Home Insurance

A quality monitored home security system can lower your home insurance up to 20% in some instances.

This means that homeowners may be able to save up to $500 on home insurance per year. (On top of that, home security systems can even be tax-deductible in some cases.)


Remote Viewing and Operation

Most smart home security systems offer remote viewing and control. Even self-monitored systems can come with a dedicated application that homeowners can download on their smartphone or other smart device and use as long as they have a working Wi-Fi network in their home.

This allows homeowners to connect to their security cameras in real-time, check the video footage or the status of their locks and sensors. These systems can even alert you if a door has been left unlocked or slightly ajar.


Some Can Be Completely DIY

In the past, home security systems were hard-wired, which usually meant they had to be professionally installed.

However, today there are a lot of home security systems that are completely DIY. They are designed to be extremely easy to install, come with a complete set of instructions, and do not require any skills or tools besides what you may already have in your home.

In fact, they are so easy to install that many systems can be up and running in as little as 30 minutes. Not to mention that you also are not paying for installation, and there is no demolition work involved.


Some Can Be Portable

Some home security systems (usually DIY systems) can be portable, which means that homeowners can take the system with them if they move.

This is good news because many of the older systems can be considered a permanent solution. Taking them down and installing them at a new location was often nearly impossible or involved a lot of extra expenses.


Offer Peace of Mind

Have you ever been in a situation where you were unsure whether or not you actually locked your door, window, or garage? This can be very stressful and ruin anyone’s day. But then, if something was indeed left unlocked, things can get even worse.

Many smart home security systems allow you to check on the status of your doors and windows and even be notified in real-time if something gets opened. Nothing beats having some extra peace of mind when you are away, knowing your home is secure.


Cons of Home Security Systems

Can Be Expensive

Home security systems, depending on what they come with, can be rather expensive.

The equipment alone can cost between $100 to upwards of $2000 depending on what equipment you need, with basic gear costing on average between $200 to $400.

Some home security providers may offer significant equipment discounts or completely free of charge equipment, meaning no upfront costs, provided the homeowner signs a contract with them.

In terms of monthly costs, monitored home security systems can cost between $5 to upwards of $65.

And lastly, installation costs can range from 0$, with DIY systems up to $200 with systems that need to be professionally installed by certified technicians.

Furthermore, there may be unexpected additional expenses if something breaks. This can be particularly problematic with DIY systems, so make sure to double-check your contract and warranty.

How to Cancel Home Security Contract?


It Can Take Time to Pick the Right Home Security System

It can be very difficult and frustrating to pick the right home security system if you do not have sufficient knowledge in the field.

Take a look at any modern home security system, and you will see a whole list of specifications. This can be very intimidating at first, and it takes time to learn what each piece of equipment is capable of, what it can offer, and what you may be missing out on.

At the end of the day, every little detail counts, and overlooking something small now can lead to frustrating experiences later.

26 Questions to Ask Your Home Security Company


Can Be Difficult to Set Up

Some home security systems can be challenging to set up.

It can take time and planning to install a security system correctly since you need to know what goes where and how everything should be mounted and connected.

Even when it comes to DIY security systems, there is always the possibility that something will not be installed correctly. Sensors, cameras, and other devices can be misplaced or not set up properly, negatively affecting their performance, reliability and efficacy.


False Alarms

False alarms can happen at different times and due to many different reasons. Not only can a false alarm cause you a lot of trouble and worry and be a nuisance, but it can also cost you money.

Homeowners can be charged for false alarms. False alarm fees can range between $25 and $200; however, repeated offenses can lead to significantly steeper fees costing upwards of $1,000. In specific cases, the police may even ban and not respond to an alarm at all.


Less Privacy

Often, security cameras record short footage when triggered, and some monitored security systems allow the security team to access and review the footage to verify if it is indeed a real emergency.

Invasion of privacy is a tricky topic.

Some people will simply not feel at ease knowing they are being monitored 24/7.


Possibility for Long Term Contracts

Today most home security providers are offering subscription-based services. However, some companies still try to get homeowners locked into long-term contracts, some of which can last several years.

The problem with long-term contracts is that they can be very difficult or nearly impossible to get out of unless paying substantial fees.

Moving to a new location can also incur additional moving fees.


They Do Not Prevent Crime 100%

One survey found out that the majority of burglars are specifically looking for alarm systems, and about 60% of the burglars will avoid properties that have one.

That being said, not all thieves will be deterred by an alarm system. No matter how advanced a security system is, it cannot prevent a determined person from getting inside. Instead, the goal is to make it as difficult and laborious for the burglar as possible, enough to increase the risks of them getting caught significantly and not worth their time.

This also means that people can get a false sense of security.

Even smart home security systems sometimes have vulnerabilities. Some can be hacked or disabled, so having one does not mean other security measures should not be taken.


Have to Be Maintained

Most home security systems are not the set and forget type of equipment.

Wireless systems need to be kept in check, ensuring their batteries are not running low.

You have to keep an eye even on hardwired systems, too, and ensure everything is in good working condition.


Some May Not Be Portable

Often hardwired home security systems, once installed, may be extremely difficult to relocate.

Suppose you are moving to a new place, or you simply want to change the location of some of your sensors or cameras—all that may involve additional costs or be nearly impossible in some instances.


You May Need an Alarm Permit

Alarm permits are something that a lot of homeowners may not realize they need.

In many cities and counties, homeowners are required to have an alarm permit if they will use a home security system. To get an alarm permit, homeowners need to register their security system with the local authorities.

Police, fire department, paramedics, or other emergency responders may take longer to respond or even not respond at all to your alarm if you do not have a valid permit.


Conclusion: Your Decision-Making Blueprint for Home Security Systems

Alright, time to bring it home. 🏁

We’ve ripped off the Band-Aid and exposed the true face of home security systems—warts and all. From the sleep-easy benefits to the gotchas that might give you nightmares, you’re now in the know.

So, what’s the verdict?

🔥 Let’s get real:

No security system is going to be your home’s Iron Man—flawless and indestructible. But depending on your needs, it could very well be your Captain America—reliable and effective.

🛠️ Your Next Steps:

Time to run a quick audit on your personal needs and home requirements. Are the pros we talked about game-changers for you? Do the cons feel like deal-breakers? If you’re teetering on the fence, consult a verified security expert to get personalized advice. Your home’s security isn’t a one-size-fits-all equation.

💌 Over to You:

Your experiences matter to us. Got a story or a pro-tip that can help others make a smarter choice? Slide into my inbox. The community thrives when we all chip in with hard-earned wisdom.

To sum it up: Whether a home security system ends up being your household MVP or just a benchwarmer, the power to make that call is now squarely in your hands. Use it wisely.

Until next time, stay safe, stay empowered, and as always—thanks for being the savvy reader you are. 🌟

Photo of author


Edward Clark
Edward Clark, with 15 years of hands-on experience, is a distinguished expert in smart locks and home security systems. He holds a B.S. in Computer Engineering with a focus on Cybersecurity and is a member of the Electronic Security Association (ESA). His credentials include certifications from ASIS International, IAPP, CompTIA, NTS, and CEDIA. With expertise spanning risk management, electronic security, and data privacy, he's been featured in The Guardian, Forbes, Wired, and more. Edward's mission: guiding individuals toward secure homes using the latest technologies.

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