infra red iluminators are usualy leds which can only be seen by monochrome cameras, to have cctv set up properly is not cheap, but you can get "kits" that have cameras with "built in" ir leds, but these usually do not iluminate that far.
if you are thinking of installing it be carefull where you point the cameras, your neighbours may object
to add to adamW point true infra red leds do not glow red, the ones you will see in the high streets etc are actuall white lamps with an IR filter infront, then again you can even get mirrored IR lights If you have the money.
another thing to be considered is the range of the IR ilumination, ever wondered why most cctv cameras have 2 lights? its becasue one is a flood light the other is a spot light, so they can still see when they zoom in