
Myth: You have to sign a contract or at least have a subscriptionĪgain, this one originated from professional home security service providers, and it's admittedly still true in some cases. Fees are often lower if you pay annually instead of monthly. Professional monitoring isn't available with all DIY devices, but if it is an option with your camera or security system, expect an added monthly fee of $10 to $25 for a typically unlimited number of devices. Still, you can get everything you need to watch your home inside and out, complete with cameras and motion sensors, for a couple hundred bucks or less. On the other hand, you'll have to purchase all your own equipment for a DIY home security setup.

Depending on the provider and available promotions, it's totally possible to get a basic system for free with installation included (yes, you'll have to sign a contract, but more on that in the next section).

While it's true that costs for a professional home security system can quickly add up, it's not uncommon for home security companies to run special offers that could save you hundreds on equipment and installation.

What's the point of a home security system if the initial and ongoing costs outweigh the value of what was damaged or stolen? It's a fair argument, but home security may be more affordable than you'd think, especially if you go the DIY route. Myth: Home security systems are expensive
