One of the more underrated deal killers in real estate comes in the form of electrical issues. More often than not, people make the mistake of not upgrading the electrical system in a home because they plan on selling it and that’s a mistake. Questionable wiring and an underpowered house can really put a deal on the rocks and in some cases – kill it altogether.
While we understand that you don’t want to spend a fortune on a home that you’ve outgrown, it’s a smart idea to make sure that at least the basics are upgraded so that your potential buyers don’t go running for the hills. Here are some things you might want to consider upgrading or thinking about before you put your home on the market. Let’s jump right in!
Outdated wiring systems
Anytime you come across knob and tube wiring, aluminum wiring or anything that looks like it was installed during the Hoover administration – then it’s a real problem. Not only is it undependable, but it almost quadruples your risk for an electrical fire and some homeowners insurance companies will not be too pleased.
To boot – today’s homes take on more electrical burden than ever before. Consider a wiring upgrade if you haven’t done so already.
2-prong outlets are just not very useful in today’s electric-intensive world. It’s the digital age and as such – home owners want plugs they can use and depend on. Having properly grounded 3-prong plugs is the way to go. You might not care if ye olde Zenith bites the dust, but you’ll absolutely care if your thousand dollar smart gadget gets fried. Get those outlets upgraded. You don’t regret it!
Not enough outlets
In addition to not having the right outlets, many places lack enough of them. No one likes using extension cords and not having the convenience of a nearby outlet is seen as a major discomfort by home buyers. Make sure if you have a room or two with only one electrical outlet, that you consider adding one or two more.
Outdated breaker boxes
All your wiring runs through a breaker box and as such – those that are a little longer in the tooth should be considered for an upgrade. IN a lot of cases, some of these older panels have actually been recalled and in other cases – improperly modified. Issues with breaker boxes can stall home sales and impact not the function – but the overall value of your home.
If you’re about to put your home on the market, get yourself an electrical inspection to help address potential sales-blockers before they pop up. If you need a professional give us a call and we’ll be happy to provide you with a free consultation.