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99 per month and requires a three year contract, but you also have to figure in the cost of things like hardware components, cellular backup, and installation. When we reviewed the Pulse system, our upfront cost was more than $3,000, with a monthly fee of over $60. Some vendors, such as LifeShield, will let you buy the components outright or lease them. For example, LifeShield's Security Essentials system will cost you $29. 99 per month for three years and includes monitoring, but you'll pay a $99 activation fee and you don't own the equipment at the end of the lease. Or, you can pay $299.

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There is also a wide variety of self install home security cameras.

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You can even integrate the security cameras with Amazon Alexa enabled devices.

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With the current trend of technologically enhanced and cheaper security products out in the market, contractors now have to compete just as well.