Indeed, nearly half of Americans 49 percent say they are open to installing their own home security system, according to a 2016 LivSecure survey. Of course, there are pros and cons of taking this DIY approach. Because there's no monthly fee, many self monitoring systems are cheaper than professional home security systems. Proponents also say self monitoring versions give homeowners a better sense of control over protecting their domain through access to live video feeds, mobile alerts, smartphone technology and other self monitoring tools. Still, a traditional, professionally monitored home security system has advantages. Professional security systems will automatically alert authorities in an emergency situation, such as a break in or a fire.

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The home security company will then call you to confirm that there has been a break in.

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