How standby generators increase home resale value
Home remodeling and improvement projects increase home value and are well worth the effort as many recoup more than 50 percent of their cost upon project completion. And for the first time since 2007, home remodeling costs are trending in a positive direction for homeowners.
According to the 2013 Cost vs Value Report by Remodeling, the average cost-to-value ratio increased home resale value to 60.6 percent in 2013, ending a six-year decline.
Home Improvement Projects that Increase Resale Value
According to the Remodeling report,the national average for midrange home remodeling projects costing less than $12,000 that still recoup at least 50 percent of their cost include:
- $1,137 steel entry door replacement increases home resale value $974, recoups 85.6 percent
- $1,496 garage door replacement increases resale value $1,132, recoups 75.7 percent
- $2,753 fiberglass entry door replacement increases resale value $1,813, recoups 65.9 percent
- $9,327 wood deck addition increases resale home value $7,213, recoups 77.3 percent
- $9,770 vinyl window replacement increases resale value $6,961, recoups 71.2 percent
- $10,708 wood window replacement increases resale value $7,852, recoups 73.3 percent
- $11,410 backup power generator increases resale value $6,014, recoups 52.7 percent
Standby Generators Provide Backup Power to Maintain Home Value
Backup power generators, also known as home standby generators, offer families peace of mind during emergency situations, like a weather related natural disaster. During utility power outages, standby generators provide the home with ann automatic supply of backup power using a transfer switch and power management system. This enables homeowners to run appliances such as sump pumps, air conditioners, heaters, refrigerators, clothes washers/dryers and lights.
Any remodeling or home improvement project that increase the home’s livability while also recouping a large chunk of the project investment, is worth considering.