Electrical Problems That Will Negatively Impact Your Home’s Resale Value
Regardless of if you are selling your home for the first time, or if you are planning on moving for a fourth time, selling your home can be an extremely stressful process. Between the process of finding a potential buyer, handling all the paperwork, and preparing to move into your brand-new home, you have quite a bit to handle and worry about.
Electrical Problems Can Ruin Resale Value
While no one wants their list to get longer, there is something else you need to think about – your home’s electrical system.
There are some electrical problems that will ruin your home’s resale value, which can result in you getting much less money for your home. The good news is, these are all issues that can be fixed to ensure the buying process is smooth and simple.
An Old Wiring System
If you haven’t updated the wiring system in your home recently or ever, you are putting the entire structure at risk of a fire. This is something that may keep away prospective buyers. Make sure that you update your wiring and that your system is grounded properly to ensure no safety issues occur.
This is especially problematic in older homes as your electric system may not be equipped to handle modern power needs. This may lead to power outages and shorts, along with higher electricity bills. A two-pronged outlet is not grounded properly, and most electronics sold today use a three-pronged plug.
Another issue that may occur is if there aren’t enough outlets in your home. It’s important to have several, three-pronged outlets in each of the rooms in your home – particularly where appliances are located. You also need to make sure the outlets are in convenient locations.
A Bad Circuit Panel
Is the circuit panel in your home in poor condition, improperly sized, or outdated? If so, you may consider replacing the panel or even upgrading your electrical service.
Call Us to Fix Electrical Problems & Increase Resale Value
Each of the electrical problems here may result in lower resale value for your home. While this is true, you can fix all the issues and ensure you can get the most money possible for your home.
If you aren’t sure if there are any electrical system problems in your home, hiring Tann Electric for a full inspection and evaluation is recommended. Our professionals can let you know what is wrong and what upgrades or repairs are needed to ensure the system doesn’t cause any problems. When you do this, you can also provide proof to potential buyers that the electric system is in safe working order and that no serious issues are going to arise if they purchase it. It’s also important to consider having these issues inspected and repaired before a home inspection occurs during the selling process. You will save yourself time and reduce stress by acting sooner than later.