The most relatable quote I ever read about reports came from Hasso Plattner who said “Business Reporting is not dealing with objects; it is dealing with relationships between objects”. Mind blown, and I must confess I have never quite forgotten these wise words.
I find these words so relevant in our information-overloaded age where no private second is without ads, news, stories or headlines. It comes as no surprise that many times those who write reports have one thing in common with those reading them, namely, to just get it done!
But the truth is that sound and effective security reporting offers property owners the opportunity to involve themselves in activities that directly increase the value of the properties of these communities, and make for healthy and safe living conditions.
Regular, accurate, and detailed security reports add value to your property growth in the following five ways:
1. Prevention is Better than Cure
A valuable security report gives you a clearer picture of any weak spots which could be present in your security system. These weak areas could potentially be exploited by criminals.
By knowing about these issues beforehand you have an opportunity to repair, maintain or install the necessary corrective measures before anything happens. It’s like a checkup for your defences.
2. Insurance Claims
Recent media reports, made by insurance companies, place a greater responsibility on property owners to provide proof of the correct functioning of their security stack during claimable events.
Well-presented and accurate security reports can aid in the successful settlement of insurance claims. These events are not limited to criminal activities but may also include natural disasters.
3. Becoming Part of the Solution
Regular reports translated into practical arrangements, changes and rules show that your property estate is taking a proactive stance about security and the safety of all assets and residents.
Residents don’t just complain, they participate in estate rules and actively engage themselves in improving the overall experience.
This is an important factor that increases the popularity of a particular area or group of properties, directly translating to an increase in property values and demand for further development, especially in a high-end community.
4. Happy families live Happy Lives
Detailed security reports ensure residents stay informed. This creates honest discussions around security efforts and the effective management of the different estate amenities.
By showing residents that security is a serious, yet transparent activity, the estate builds and maintains trust and confidence in and amongst the community. This promotes the overall popularity of the estate and surrounding suburbs.
5. Let the Numbers do the Talking
Accurate reports contain accurate numbers, graphs and data, helping the estate and residents to plan ahead. Important crime and incident statistics, linked to seasons, time of day and other useful cyclical data, can lead to useful conclusions.
Estates might be able to identify trends in the types of threats they face, and this will help, in conjunction with all the other security stakeholders and service providers, to adjust the security strategy and measures to stay ahead of potential problems.
A FINAL WORD
Reading security reports, especially detailed and comprehensive ones, don’t necessarily make for riveting reading, but they serve a critical function in promoting the security of any property development.
As stated in the introduction, reports could simply be about objects, or, it could be about the relationships between objects. You have to ask, what are your reports actually telling you?
A community serious about property values will make the effort to review their security reports and to demand more comprehensive details from all their security stakeholders.
In the end, the proof of the pudding lies in the property values!