2 Electrical Upgrades That Will Elevate Your Home’s Value

If you plan to sell your home in the future, you will fetch a good price for it if you upgrade your electrical system. So, as you budget for kitchen or bathroom remodels, also consider electrical upgrades to elevate your home to today's standards. 

Check out some electrical upgrades you should consider to help boost your home's value. 

Electrical Panel Replacement

Replacing an electrical panel is a huge undertaking but worth it if you have an outdated model. An old electric panel can't keep up with modern electrical needs. For instance, if you use modern appliances (like water heaters or air conditioners), you'll always contend with overloaded circuits. A modern panel can handle the power demand from these appliances consistently. 

An electrical panel has a shelf life of between 25-40 years. However, exposure to harsh weather conditions (like excess humidity) can drastically shorten a panel's life. So, if you have an older home, you should upgrade your panel to reduce exposure to electrical hazards. Moreover, your appliances will run more efficiently without risks of damage due to power surges. 

Some obvious signs you should upgrade your electrical panel are: 

  • You have fuses instead of modern circuit breakers
  • Your home is more than 20 years old
  • Your circuit breakers trip frequently

Furthermore, the addition of new devices and appliances during home renovations raises the overall energy consumption. So, you'd need a modern and much bigger panel to handle the extra electrical load. 

Replace Old and Faulty Outlets

If you live in an older home, your outlets might be old and warped. Old outlets deteriorate faster and put you at risk of electrocution or electrical fires. Besides, most old homes have two-pronged electrical outlets without a third prong (ground plug). The third prong provides an alternate route for electricity if a short circuit or an electrical fault occurs. So, you need to upgrade to 3-prong outlets for a safer home. 

Also, increase the number of outlets in your home to minimize the use of multiple extension cords. Too many appliances plugged on the same chord can expose your home to accidental fire hazards. To modernize your home, add several USB wall outlets to charge compatible electronic devices, like phones and fans. These outlets add a lot of utility to your home. 

As an additional safety precaution for your home, consider ground fault circuit interrupter (GFCI) outlets. GFCI usually turns off electric power when it senses an electricity flow to a grounded appliance. Also, if excess electricity flows through a wire, GFCI cuts off the flow to prevent a potential fire. As a fast-acting circuit breaker, GFCI guarantees protection against short circuits and circuit overloads.

With these electrical upgrades, your home will not only be safer but will also appeal to potential buyers if you decide to sell it. Remember to enlist a professional electrician to carry out all electrical work in your home.