Increase Your Home Value With These 4 Electrical Upgrades

Homeowners always look for trendy upgrades to improve their home’s appeal and value. While most people focus on aesthetically pleasing upgrades like new paint or other decorative elements, you shouldn’t forget about essential systems always working hard behind the scenes, particularly the electrical system.  

Your home’s electrical system has always been there, so it’s easy to forget all about it. However, an electrical upgrade is necessary as years pass to enhance your home’s overall functionality and safety, improving your home value. This ensures you comply with the current electrical code while ensuring better energy efficiency.  

Whether you’re experiencing electrical issues or want to upgrade the system for better performance, here are some of the best electrical upgrades that will help increase your home’s value.  

Replacing An Outdated Electrical Panel 

If you frequently buy new appliances or upgrade to the latest electrical devices, upgrading your electrical panel is essential. Generally, modern appliances use a lot of power. This is particularly true if you add power-intensive amenities and devices like hot tubs.  

An outdated electrical panel may not be able to handle another air conditioner in your spare room or the electrical requirements of a new appliance. It may result in an overloaded circuit, increasing the risk of fire hazards.  

Generally, several signs indicate that your electrical panel can no longer accommodate your home. These include a burning odor, a tripped breaker, a flickering light, or noise from the panel. When you notice these signs, it’s essential to call an expert like The Local Electrician, a reputable electric company in Australia, immediately. They can check your current panel and provide replacement services to increase its capacity by up to 200 amps.  

By upgrading your electrical panel, you can ensure that your home’s electrical demand is accommodated while allowing you to install additional circuits in the future.  

Smart Home Upgrades 

Technology has evolved so much that even trivial things in your home can now be controlled remotely or fully automated. Today, more homes are becoming smarter, equipped with interconnected devices that allow you to control their functions right from your fingertips or with pre-determined instructions.  

For instance, you can set your lights to turn on and off at specific times automatically. A smart thermostat can help maintain a consistent temperature in each room via a smartphone. Meanwhile, smart speakers allow you to play your favorite music with voice commands. For security, a smart doorbell camera lets you see who’s at the door from your mobile device’s screen.  

Smart home upgrades offer the utmost convenience for homeowners, making them one of the most requested services by electricians today. The best electrician needs to change your existing electrical system and add new fixtures and functionalities, such as hardwiring devices or laying out data cables. By making smart home upgrades, you essentially increase your home’s appeal and performance, thereby increasing its value.  

Switching To LED 

Replacing traditional lighting fixtures with LEDs is one of the easiest ways to upgrade your home while increasing its overall value. Generally, lighting can influence your home’s appeal and ambiance. However, it also plays a critical role in your home’s overall energy efficiency.  

According to a report, adding LED lights can increase your home’s value by up to 3%. The two most common reasons are durability and lower energy consumption.  

LED lights can last up to five times longer than traditional lighting options, such as halogen bulbs. Their life expectancy can exceed two decades of regular use. So, instead of constantly replacing old light bulbs, you don’t have to change your LED bulbs for years.  

Furthermore, switching to LED lighting can save you up to 80% of your lighting costs compared to halogen and incandescent bulbs. Moreover, LED lighting can help save on cooling costs since it emits minimal heat, thereby increasing HVAC efficiency in the long run.  

Also, since they are longer-lasting and energy-efficient, LEDs are sustainable and eco-friendly, making them an ideal option for eco-conscious homeowners. These significant savings and features immediately and easily translate into increased home value.  

Solar Power 

Between the rising cost of electricity and increasing environmental awareness, one of the most popular residential electrical upgrades today is solar panel installation. With solar panels, you can reduce your dependence on your local power grid, reducing your electricity bill. It also helps your home reduce its carbon emissions, making it more appealing to potential buyers if you’re considering selling it in the future.  

While a solar panel installation may seem straightforward, you need to hire a qualified and experienced electrician who can help set up and prepare your home to be powered by solar energy.  

Takeaway 

Upgrading your home’s electrical system may not be at the top of your list, but it’s highly beneficial, especially if you have an outdated system. By revamping your home’s electrical system, you minimize safety risks while allowing you to enjoy better usability and efficiency of all electronic devices and fixtures in and around your home.