Combining A Home Security System In Phoenix Arizona Real Estate Market
We find ourselves in unprecedented times. The economy is in shambles, the stock market unsteady, the automobile industry near collapse, and the housing market showing signs of instability with plummeting home values and record numbers of homes for sale or in foreclosure. With bad news on every front, homeowners are scrambling to secure the equity in their home and retain as much of their property’s value as possible. In some areas, including Phoenix, Arizona, some neighborhoods have more properties vacant than occupied. People are walking away from their domiciles where they owe more money to the bank than equity available in their property so they pack up their belongings and leave the residence for the bank to take possession. In neighborhoods where these vacancies occur, a home security system in Phoenix Arizona homes assists in keeping the property safe from theft and vandalism.
In markets where homes were purchased as investment properties for resale or rental, investors were scooping up home after home, putting little down to secure the loan. With house prices rising quicker than the paperwork could get signed, investors were doubling and often tripling their investment through home speculation. The problem started when home values began decreasing and the purchase prices dropped lower than what an investors could sell the home for. With the rental market drying up and the decreasing values of homes, homes went into foreclosure or sold at the auction block leaving numerous homes vacant in the Phoenix areas and its surrounding cities.
The problem arises because vacant properties attract trouble. In neighborhoods where residence after residence is empty, vandals target the area for breaking and entering. Knowing several places in a neighborhood are unoccupied gives robbers reign to enter with less chance of being noticed. Burglars are attracted to empty properties to steal appliances, light fixtures, items left for staging purposes or other items of value to be resold on the black market. In residences where homeowners are attempting to sell their domicile before it forecloses, the for-sale sign is a beacon for thieves. Having a home security system in Phoenix Arizona could save a home from this phenomenon.
Not only is a security system an investment, it protects your properties’ value. Residences sitting empty have a different look than those that are occupied. Bikes in the driveway or trash cans sitting out on trash day are subtle signs it is occupied. Often, unoccupied places have dead plants or trees in the front yard and overgrown grass or shrubs. Burglars are on the lookout for these things where they won’t encounter the homeowner. Their objective isn’t to cause bodily harm; they are looking for valuable items to steal. If a property falls victim to a burglary or vandalism, the cost of replacing items stolen or fixing items damaged can be a financial strain on an already financially tapped owner. Domiciles that sit vacant for extended periods of time are ripe for trouble, especially if not protected by an alarm system.
The housing market is important to the economy because many Americans use ownership as a means of making money and saving money. Until prices begin to rise again, the glut of places on the market will sit vacant thus attracting notice for those looking to capitalize on these unprecedented circumstances. Looking to equity to sure up personal finances, people use it to make big purchases or tide a family over in emergency situations. Protecting an investment property or a personal residence is a long term objective. It can be done by having a home security system in Phoenix Arizona is a great example where the investment can secure the future value.