Everyone wishes to increase the value of their home. Some of the most popular ways to do this are updating the landscaping, installation of new flooring, and adding new rooms. What most people don’t realize is that the electrical system can affect the value of a property. If you are looking for ways to increase the value of your home, here are some of the upgrades you should consider brought to you by a friend of mine who owns Bates Electric in Dayton Ohio.
1. Installing Ceiling Fans
You should consider installing ceiling fans strategically throughout your home. Ceiling fans are a great addition to your home since they keep you cool in the summer and warm during the winter. They also add a touch of class and elegance to your home. Potential buyers consider ceiling fans a highly prized item.
2. Updating Electrical Panels
Upgrading outdated electrical panels in your home to newer models is an excellent way to boost the value of your home. Older electrical panels can cause your home to experience frequent power outages or inadequate service with some posing a fire hazard. It is due to these reasons that you should have a qualified electrician inspect your panels to determine whether replacement is necessary.
3. Installing Recessed Lighting
Recessed lighting is inexpensive and produces a clean look and offers design and function by improving the lighting condition in the poorly lit areas of your home. Recessed lighting also adds a decorative element and highlights the essential features, which is why it is so attractive to prospective home buyers.
4. Investing in Energy Efficient Appliances
Installing energy efficient appliances is one of the best ways to go green. The appliances are not only efficient but can save on your bottom line and be a showcase addition to your property. Just find a qualified technician to install them, and you can even choose to dedicate an entirely separate circuit system to it. Energy efficient appliances have a dramatic effect on your home’s overall value since they represent a unique addition with the potential to add a future of savings to everybody’s budget.
5. Installation of Smoke and Carbon Monoxide Detectors
Upgrading or installing your smoke and carbon monoxide detectors are some of the easiest ways to ensure your safety at home and increase its value. The important thing is to remember to replace the batteries and test them regularly. Potential buyers prefer homes with carbon monoxide and smoke detectors already installed since it saves them the expense and hassle.
6. Installing or Upgrading the Outdoor Lighting
Outdoor lighting has the potential to improve the security and beauty of your property. Landscaping lighting solutions are many different types, and a qualified electrical technician will help you determine which ones are most appropriate for your property. Investing in outdoor lighting boosts the value of your property since it improves security and saves potential buyers the expense.
7. Installing Ground Fault Circuit Interrupters (GFCIs) and Wireless Switches
You can improve the value and look of your property by installing GFCIs and wireless switches. The GFCIs are required by code, which means that they are a must when you are upgrading your home. It not only ensures the safety of your family but gives your property a new feel and look. Wireless switches are perfect for controlling the lighting in your homes particularly in areas such as hallways and stairways.
8. Installing an Automatic Standby Generator
A home standby generator is important for all properties but especially those located in areas prone to power outages and severe weather. A permanently installed home backup generator protects your property automatically. The generators typically run on liquid propane or natural gas and sit outside like a central air conditioning unit. They deliver power directly to the electrical system of your home and back up the entire home or the items you consider most essential. Purchasing and installing a standby generator can increase the resale value of your home significantly.
The Bottom Line
Increasing the value of your home does not always have to be about remodeling your kitchen or bathroom since you can achieve the same results by only making a few electrical upgrades. The eight electrical upgrades discussed here are guaranteed to increase the value of your home, and you should implement them if you can afford to.