Residential Sprinkler Systems: 3 Reasons Why They Are Worth The Cost
If you're like most people, you rarely think about the possibilities of a house fire. Sure, you change your batteries in your fire alarms regularly. And you rehearse evacuation plans with your children, but have you done all you possibly can to protect your home and your family? If not, you might want to consider installing a residential sprinkler system in your home. Popular in commercial buildings and multi-family units, fire sprinklers are capable of putting out a fire before help arrives. Unfortunately, many people don't have a sprinkler system in their home because they are expensive. Following are three reasons why they are worth the cost.
Fire Damage Costs More
The median cost for installing a sprinkler system is about $5,000. However, costs can soar to $20,000 or more, depending on the size of the home and type of system installed. In comparison, smoke detectors are extremely inexpensive, which is why most people rely on them for their first line of defense. When you look at the cost of fire damage, however, sprinkler systems are well worth the cost. According to the U.S. Fire Administration, the average cost for fire damage in homes with a sprinkler system is just a little over $2,000. The cost for damage in homes with no sprinkler system is more than $45,000.
Fires Are Quick and Deadly
It only takes a couple of minutes for a small flame to become a huge problem. And it only takes a few minutes for a house to fill with deadly, toxic smoke. If a fire starts in your home, you have very little time to get out. In fact, some fires spread so fast, that people are unable to evacuate their home in time. More than 2,500 people die in house fires each year. A sprinkler system can extinguish a small flame quickly, so you and your family won't become another statistic.
Discounts and Added Value
A sprinkler system adds value to your home, which will help you get a better price when it comes time to sell. Additionally, you will get discounts on your homeowners insurance if you have a sprinkler system installed. Over time, the money you save in insurance premiums could more than pay for your system.
While they are expensive, sprinkler systems are well worth the cost. Not only will they save you money, they will give you and your family peace of mind. For more information, contact a fire protection expert in your area.