How Installing a Standby Generator Raises Home Value
A residential standby generator will offer much to your home and family by improving safety and security whenever a power outage occurs. A home unit will ensure the entire house will still have power the moment electricity from the utility is lost.
Its automatic transfer switch means the homeowner will not have to lift a finger to activate it. Devices, appliances, lights, electronics, and the security system will continue to be powered by the standby generator, which runs on its own supply of natural gas or propane.
Installation will be a significant investment, costing $4-$10K. However, while considering how expensive it will be to install a standby generator, homeowners should also factor in how much it will raise their home’s resale value.
Increased Home Value
The expenses from a standby generator installation will usually be justified. Several studies have found that a unit will at least return its purchase cost when the home is sold. On average, a generator investment will return anywhere from 56% to 84% of the cost when a home sells if it is in proper working condition.
Perceived as Luxury Home Feature
A residential standby generator is perceived as a luxury home feature according to an article by the Wall Street Journal. It is a definite plus for prospective home buyers, and it may make a difference. Real estate agents attest how important a generator can be for closing a sale in regions that experience power outages due to weather events.
Residents of the Chesapeake Bay region will be subject to the Atlantic hurricane season that begins on the 1st of June and ends November 30th. This period will bring storms that may cause power outages.
Whenever there is a loss of electricity, a standby generator will help save money because you will avoid eating out, losing food and beverages to spoilage, renting hotel rooms, getting flood damage from an inoperable sump pump, and damaged frozen water pipes.
Electrical Services You Can Trust
Meyer Electrical Services is an authorized Kohler and KOHLER Sales &
Service Dealer serving Maryland, Virginia, and D.C. We provide custom standby generator installations and are trained and licensed to perform the regularly required important factory service and maintenance. Receive a free consultation today by calling (301) 941-1400.