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Does an Electrical Upgrade Increase My Home’s Resale Value?

Electrical upgrades can do a lot to increase your home’s value and make it more attractive to buyers in a competitive market. But for safety and building code adherence, you should always have a professional perform electrical upgrades in your home. The expert electricians at Lon Lockwood Electric put together this list of desirable electrical upgrades to help you get started:

UPDATING WIRING SYSTEM

Tube and knob wiring is a known cause of house fires, and an electrical wiring upgrade is a great way to improve your home’s safety and its value at the same time. Ideally, your home should have copper wires and up-to-date grounding for safety and to more effectively manage the electronic load of modern homes.

UPGRADING OLD ELECTRICAL SERVICE

Traditional 60-amp service found in older homes does not adequately support today’s lifestyle of multiple electronics and appliances running at once. Your house should have 200-amp service to be competitive on the market.

GROUNDED OUTLETS

Old-fashioned two-prong outlets are no longer enough for technically savvy buyers. It’s absolutely vital that your home is equipped with grounded outlets that accept plugs with three prongs.

SUFFICIENT OUTLETS

Adding electrical outlets in convenient places, like on either side of the bed, near the front door, or in bathrooms, is a great way to make your home more appealing to potential buyers.

A NEW CIRCUIT BREAKER PANEL

If your home still relies on an old-fashioned panel with fuses, you should consider a panel upgrade to an electrical panel with circuit breakers. Fuses burn out and must be replaced, while circuit breakers just need to be reset, which is a much more attractive setup from a maintenance standpoint.

GFCIS

All electrical outlets in the kitchen, bathroom, garage, or other “wet” areas should be upgraded to GFCI outlets to reduce the risk of electric shock.

WALLS

Rewiring a home is a major task because the wires are located behind walls, and all houses are unique. The cost of the project depends on the individual home and the local market, but you’re looking at a cost in the thousands that most buyers do not want to be responsible for when they purchase a new home.

STRUCTURED CABLES

If you’re already planning to rewire your home, structured cabling is a smart investment that makes your home particularly appealing to tech-minded buyers. These high-speed cables can handle the most up-to-date features on TVs, stereos, computers, gaming consoles, telephones, security systems, and smart home systems.

If you’re ready to improve your home’s resale value by upgrading your electrical systems, contact Lon Lockwood Electric at 585-766-4702 today.