Value-Increasing Electrical Upgrades for Homeowners
You’re looking to sell your home in a few years.
First impressions will be everything, so how do you make sure any updates you still want to make and enjoy will add value?
Both small and large upgrades can make a big difference in how your home is perceived and, ultimately, its sale price.
Ignoring small details like old outlet covers could drop your home’s value, while adding big upgrades like a new electrical panel can make a huge impact.
Here are some essential electrical upgrades to consider that can significantly enhance your home's appeal and boost its market value.
*Please note that while we have included Potential Value Increase ranges based on installation and perceived value, these numbers may or may not be accurate depending on the current market conditions.
9 Upgrades We Recommend from Highest to Lowest Value…
1. Install a Generac Generator
If you’re staying in your home for another few years, you still have time to take advantage of automatic backup power.
When it comes to selling your home, having a Generac Whole Home Generator will not only make your home stand out but also increase your home’s overall value on the market.
A Generac Whole Home Generator will stand apart from the rest. They are rated #1 in backup power and, with the proper care, will never let the lights go out.
Chester County has no shortage of power outages. A reliable source of backup power will be more than appealing to buyers.
Your Options
10kW, 18kW, or 24kW Generators: Depending on your home’s square footage, the right generator will automatically provide power to the entire home during an outage—$2,000 to $5,000, plus installation.
Maintenance Plans: Ensure the generator remains in good working order—$285 to $585 annually.
$2,000 to $5,000 Potential Value Increase*
*Depends on the capacity and reliability of the generator system.
2. Upgrade Your Electrical Panel
A modern electrical panel is the heart of your home’s electrical system.
An outdated panel can be a red flag for potential buyers, as this should be done whether or not the home is on the market.
If your panel is outdated, it might struggle to keep up with the demands of modern appliances, potentially causing frequent circuit breaker trips or, worse, electrical fires.
Your Options
Subpanels: Adding subpanels can distribute power more efficiently and support additional circuits—around $500 to $1,000.
100 to 200-amp Panel Upgrade: This can handle the increased electrical load from modern appliances, HVAC systems, and electric vehicle chargers—approximately $1,500 to $4,000, depending on the complexity of the installation and local labor rates.
$1,500 to $4,000 Potential Value Increase*
*Depends on the capacity and reliability of the upgrade.
3. Add a Home EV Charging Station
If you have an EV, an at-home charging station is extremely convenient. It’s an upgrade that makes the EV experience all the more worthwhile.
With the growing popularity of electric vehicles, having a home EV charging station can also be a significant selling point.
It offers convenience for electric vehicle owners and future-proofs your home.
Your Options
General Level 1 Chargers: Plug into a standard 120V outlet but charge slowly—$300 to $600.
General Level 2 Chargers: Require a 240V outlet and provide faster charging—$500 to $1,200, plus installation.
Generac Level 2 Chargers: Require a 240V outlet, are universal, and known for their reliability—$699, plus installation
Tesla Wall Connectors: Designed specifically for Tesla vehicles, offering high-speed charging—$475 to $595, plus installation.
$1,000 to $3,000 Potential Value Increase*
*Depends on the type and capability of the EV charging station.
4. Upgrade to Whole-House Surge Protection
Whole-house surge protection safeguards your home’s electrical devices from voltage spikes caused by lightning, power outages, or electrical grid issues.
This is an update that shouldn’t wait, whether or not you’re selling your home.
Without surge protection, these spikes can damage appliances, electronics, and sensitive equipment, leading to costly repairs or replacements by the owner, whether that’s you or not.
Installing whole-house surge protection shows buyers that you’ve taken proactive steps to protect the home’s electrical integrity.
Your Options
Standard Surge Protectors: Basic protection for smaller homes or specific circuits—$100 to $200 per unit, plus installation.
Whole-House Surge Protectors: Protect your home's electrical system from power surges—$200 to $400, including installation.
$500 to $2,000 Potential Value Increase*
*Depends on the type and age of the surge protector.
5. Add Smart Home Features
Smart home technology is no longer a luxury but an expectation for many buyers.
Features like smart thermostats, lighting, security systems, and voice-controlled assistants can greatly increase your home’s appeal.
These systems offer convenience, security, and potential energy savings, making your home stand out in the market.
Your Options
Smart Thermostats: Allow remote control and learning capabilities to optimize heating and cooling—$150 to $300 per thermostat.
Smart Lighting: Offers customizable lighting settings and remote control—$50 to $200 per starter kit.
Smart Security Systems: Includes cameras, doorbells, and motion sensors—$100 to $500 per device, with possible subscription fees for monitoring.
$1,500 to $5,000 Potential Value Increase*
*Depends on the number and type of smart home features installed.
6. Install Ceiling Fans
No one likes a stagnant room. Ceiling fans are a desirable feature for many buyers as they provide an energy-efficient way to stay cool and improve air circulation.
They can reduce reliance on HVAC systems, saving energy costs and making the home more comfortable.
Your Options
Standard Ceiling Fans: Available in various styles to match any decor—$100 to $300 per fan, plus installation.
Integrated Light Fixtures: Combine lighting and cooling in one unit—$150 to $500 per fan.
$500 to $2,000 Potential Value Increase*
*Depends on the number of fans installed and their features.
7. Ensure Adequate Outdoor Lighting
Curb appeal doesn’t stop at the front door. Proper outdoor lighting enhances security and highlights the beauty of your property.
Well-placed lighting can deter potential intruders and make your home feel more welcoming, and landscape lighting can showcase your garden, pathways, and architectural features.
Your Options
Motion-Sensor Lights: Automatically light up when motion is detected, increasing security—$20 to $100 per fixture.
Solar-Powered Lights: Energy-efficient and easy to install—$10 to $50 per light.
Landscape Lighting: Highlights garden features and pathways—$50 to $150 per fixture, plus installation.
$1,500 to $3,000 Potential Value Increase*
*Depends on the extent of the lighting and landscape enhancements.
8. Install Energy-Efficient Lighting
Energy-efficient lighting not only reduces energy bills but also creates a more inviting and modern atmosphere.
LED lighting, for example, uses up to 75% less energy and lasts 25 times longer than incandescent lighting. Proper lighting can highlight your home’s best features, making it more attractive to potential buyers and demonstrating a commitment to energy efficiency.
Your Options
LED Retrofits: Easily replace existing fixtures with LED kits—$10 to $30 per fixture.
Smart Lighting Systems: Integrate with home automation systems for convenience and energy savings—$15 to $50 per bulb, with additional costs for smart switches or hubs.
Recessed Lighting Installation: Adds a modern touch to any room—$100 to $200 per light, including installation.
$500 to $3,000 Potential Value Increase*
*Depends on the extent and quality of the upgrades.
9. Upgrade Outlets and Switches
Old, worn-out outlets and switches can make a home look dated and potentially unsafe. Ignoring such a small detail can potentially drop your home’s market value.
Upgrading to modern outlets, including USB outlets, ensures that your home meets current electrical standards and provides the convenience that modern buyers expect.
Properly functioning outlets also reduce the risk of electrical fires and other hazards.
Your Options
USB Combo Outlets: Combine standard outlets with USB ports for charging devices—$20 to $40 per outlet, plus installation.
GFCI Outlets: Required by code in kitchens, bathrooms, and other wet areas—$10 to $20 per outlet, plus installation.
Modern Switch Plates: Enhance the aesthetic appeal of your home—$2 to $10 per plate.
$0 to $1,500 Potential Value Increase*
*Depends on the number and type of upgrades.
We’ll treat your home like our own
Whether you’re upgrading your electrical panel, installing smart home features, or ensuring your home is equipped with the latest safety measures, New London Electric is here to help you achieve a higher sale price and provide peace of mind.
Ready to make some valuable upgrades for yourself and future buyers?
Contact us today for an estimate on your next electrical project and take the first step toward increasing your home’s value.
FAQs
What are the top electrical upgrades that will increase my home’s value?
The top electrical upgrades that can significantly increase your home's value include:
Upgrading the Electrical Panel
Installing Energy-Efficient Lighting
Adding Smart Home Features
Upgrading Outlets and Switches
Ensuring Adequate Outdoor Lighting
Installing Whole-House Surge Protection
Adding Ceiling Fans
Installing a Home EV Charging Station
Installing Generac Generators
What are the benefits of installing smart home features?
Smart home features, such as thermostats, lighting, and security systems, offer convenience, security, and energy savings.
These technologies appeal to tech-savvy buyers and can set your home apart in the market. They provide modern, customizable control over home functions, enhancing the overall living experience.
Is it best to have LED lights in my home if I'm selling it?
Yes, having LED lights in your home is highly recommended if you're selling it. LED lighting offers several advantages:
Energy Efficiency: LEDs use up to 75% less energy than incandescent bulbs, leading to lower energy bills, which is appealing to buyers.
Longevity: LEDs last up to 25 times longer than traditional bulbs, reducing the need for frequent replacements.
How does adding a home EV charging station increase my home's value?
With the growing popularity of electric vehicles, a home EV charging station is a significant selling point. It offers convenience for electric vehicle owners and future-proofs your home. Buyers appreciate the ability to charge their EVs at home, making your property more appealing to eco-conscious individuals.
How does having a home EV charging station affect my home's marketability?
Having a home EV charging station can greatly enhance your home's marketability by:
Appealing to Eco-Conscious Buyers
Future-Proofing Your Home
Added Convenience
Differentiating Your Home