Global Crises And Local Crime Fears Drive Residential Safe Room Trend - Sun and Planets Spirituality AYINRIN
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With
hourly headlines blaring traumatic events around the world and ongoing
fears about crime closer to home, safety and security have become top of
mind concerns for many Americans. This has led to an emerging real
estate trend in safe/panic rooms. According to a February 2024 Valuates report,
“The global bespoke safe rooms and panic rooms market was valued at
$645 million in 2023 and is anticipated to reach $1049.1 million by
2030.” While these projections cover government, commercial and other
sectors, the sources I interviewed for this article confirm the trend
for residential real estate, and share some of its underpinnings.
Safe Room Psychology
“We
live in a world where an event triggers violence towards a particular
culture, religion, or heritage. Covid 19 brought violence toward Asians,
and the conflict in the Middle East is replaying dynamics for some,
similar to the ones during the Holocaust for people of Jewish descent
and dynamics of persecution for Arabs and Muslims,” explains New
York-based licensed clinical psychologist Yasmine Saad.
Haiti
is another trauma-afflicted region, impacting residents there and
Haitian expats in the United States. Dr. Judite Blanc, assistant
professor in the University of Miami’s Miller School of Medicine’s Department of Psychiatry and Behavioral Sciences who has been studying this community’s well-being, says, “Your focus on home safety is both timely and relevant.”
The
Caribbean nation has not only been the site of repeated street battles,
but a rash of home invasions, creating fear and hardship for her study
participants and their loved ones. Blanc reveals that they “have
identified security restoration as the top intervention for mental
health improvement” and adds a personal observation, “Family members in
the suburbs of Port-au-Prince have told me they were OK due to hired
security services akin to those found in gated communities in the U.S.”
“Outside
of cultural trauma, people who have experienced personal trauma, such
as a home invasion or violent crime, may seek out panic rooms as a
tangible means of ensuring personal safety,” Saad comments. “There has
been an increase in talks about panic rooms as violent images and videos
have spread on social media, exposing everyone to all the atrocities in
the world,” the psychologist observes, explaining that they serve as
both physical and psychological barriers against threats. “These rooms
give back to the person who is seeking safety control over their life,
and the violence witnessed in the world. This sense of being in charge
restores some sense of peace.”
Trend Drivers
“One
of the most significant underlying fears today is the perception that
police departments are underfunded and understaffed. This leads to
concerns that if homeowners call the police in an emergency, they may
not arrive in time to provide assistance,” says David Vranicar, managing
director with FBS Fortified and Ballistic Security
in the Ft. Lauderdale area. The pandemic exacerbated these concerns, he
adds, making people aware of how quickly life can change for the worse.
This is leading some homeowners to turn to panic rooms as an additional
layer of security and protection, he adds.
Panic Vs. Safe Room
“There
are subtle but important differences between panic rooms and safe
rooms,” Vranicar explains. Safe rooms are designed to provide protection
from predictable events like tornadoes in the Midwest. “The term ‘panic
room’ gained popularity due to the movie of the same name.
It refers to a place where one can retreat in a hurry when things have
broken down, and the situation has become dangerous or fearful. It's a
space to go to when you're literally panicking.”
He’s
not a fan of the term, preferring to create “sanctuary” spaces that
provide security and reduce panic. His preferred location is the
bedroom. “By creating a beautiful and secure space, you can enjoy the
benefits of enhanced security every single day. Unlike a traditional
panic room, which you hope never to use, a secure bedroom provides a
daily return on your investment.”
Growing Market
Nina Gabbay,
a Los Angeles area real estate agent at AKG | Christie’s International
Real Estate, says, “Safety is definitely a priority for the large
majority of my clients.” She sees the desire for home security features
frequently tied to parents’ general crime concerns. “The typical profile
of those expressing the desire for a safe/panic room, or even just
pondering the prospect of having one in their home, is a married couple
who would like to raise their young children in a safe and protected
environment.”
Homebuilder Ben Salisbury with Los Angeles area Oakhill Construction
has included safe rooms in about a dozen homes he’s built for clients
or on spec, he says. “Requirements for homeowners are a reflection of
the threat they see or feel personally. Worldwide events spark more of
an interest in security products in general, like safe rooms, bunkers,
intrusion detection, access control cameras and other security.”
“There
has undoubtedly been a significant increase in demand for safe rooms
and panic rooms in recent years, evident across the country, but also
across a broader range of demographics,” Vranicar comments. Once the
exclusive province of the wealthiest homeowners, there’s a growing
interest for these spaces among upper middle class individuals too, the
security executive adds.
The
price range of converting a closet into a very basic secure space can
cost between $6,000 and $7,000, he says, but most homeowners opt for a
more spacious, well-equipped room that can easily top $25,000,
particularly in premium markets.
“The
rising demand for these secure spaces can be attributed to the
increasing tensions and stressors in society. Over the past five to
seven years, life has become increasingly challenging and stressful for
many people, and there are no signs of these pressures abating.”
Conclusions
Gabbay
sees these spaces as an economic benefit to homeowners: “The addition
of a safe/panic room is something that adds value to a home, and in
turn, could very well increase the potential resale value of the
property.” If Vranicar is correct in his sentiments about the broadening
profile of safe room owners and increasing demand, the real estate
market is likely to see more listings feature them, more requests from
clients, and related price premiums on these listings.
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