When making upgrades to the home, it’s wise to prioritize improvements that add value. These improvements come in handy when appealing to potential buyers and trying to get the best possible return on investment for your home.
Electrical work is a nuanced skill that requires an expert to complete safely. Fortunately, the value electrical upgrades add to the home ultimately pays for the work.
Here are five electrical upgrades worth considering to increase your home’s value.
Wire in a Whole House Generator
Adding a back-up power source is a value-adding investment that will appeal to future buyers and improve your quality of life now. Back-up generators ensure you never lose heat in the event of a power loss while preventing the expense of frozen pipes and spoiled food (source: https://jenningsheating.com/electricians/whole-house-generators/). If you live in an area that’s prone to high winds or intense storms, a whole house generator is worth the upgrade.
When a generator is wired in, it will kick in automatically when the power goes out. Whole house generators are different from inverter generators, which require manual setup and starting each time they’re utilized. Inverter generators are better for camps, RVs, and other small, temporary power needs.
Replace an Outdated Panel
Electrical panels have a long lifespan. Barring any issues with rust or degradation, electrical panels can last upwards of 20 years. However, there are many situations in which it’s better to upgrade before the panel reaches the end of its life.
If your panel still has fuses rather than breakers, you should consider upgrading as soon as possible. Fuses are less safe than breakers, and many insurance companies charge more to cover homes that still use them. It’s also worth noting that appliances and energy needs have increased dramatically over the past 20 years, with older panels unable to bear the extra load. If you experience frequent breaker flips, dimming lights, or power surges, it’s time for a panel upgrade.
If you plan on selling and your panel is more than 15 years old, the new buyer will likely request an upgrade as a contingency.
Add Extra Outlets
If you live in an older home, you likely find yourself frustrated with the lack of power outlets. As mentioned, power needs have increased significantly in recent years. As such, many homes lack the panel or outlet capacity to handle the burden of modern technologies.
Adding a few outlets in key locations can increase your home’s value and appeal to buyers. Consider adding recessed outlets in the living room and bedroom to account for large furniture pieces. Adding pop-up outlets in the kitchen will also ensure there’s plenty of power for small appliances without detracting from counter space.
Rather than adding traditional outlets, consider adding USB-friendly outlets. With smart technology and rechargeable USB devices becoming more common, having this simple upgrade holds great appeal.
Add and Update Ceiling Fans
Ceiling fans may seem like an outdated decor statement now that most people have air conditioning, but they’re about more than staying cool. Ceiling fans help create an updraft for heat distribution or push cool air down, depending on the direction. This feature can help you save money on home heating and cooling costs.
If your home doesn’t have ceiling fans in place, consider installing some in a few strategic locations. If your home has outdated fans, update to a newer, sleeker model.
Upgrade to Grounded Outlets and GFCIs
Many old homes have electrical work that’s not up to code. Grounded outdoor outlets and GFCI bathroom outlets are two upgrades needed to bring the home up to code and protect the house’s safety. These features help prevent electrical fires.
These electrical upgrades will add value to your home, both while you live there and when it’s time to sell. Furthermore, having these changes made by a skilled electrician will make your home safer and less prone to electrical fires and issues down the road.
