In the current financial climate, more and more homeowners are looking to do whatever they can to increase the value of their property.
If you’re looking to buy or sell your house, a standby generator can be an excellent investment. It can perform several functions to save you money and protect your property during a power outage. Not only that, but if you’re planning to sell your home one day, it can make your property more desirable to potential buyers.
In this blog, we’ll discuss why a home generator can be a great investment not only for your comfort but also in terms of your real estate. Keep on reading to learn more!
INCREASE OVERALL VALUE OF YOUR HOME
Generator installation has a practical benefit to potential buyers of your home. According to some consumer reports, having a professionally installed standby generator can boost your home’s resale value by 3-5%, providing a great return on your investment.
This is especially true as climate change continues to be a concern among new generations of homebuyers. Having a power source that consumes less energy while offering a failsafe against the ever-changing power infrastructure will be appealing to potential buyers.
SAVE ON HOME INSURANCE
One of the great ways to reduce your home insurance is to make your house safer. That is why, in some cases, having a reliable standby generator installed could help you get a discount on and lower home insurance by up to 5%. While the qualification requirements may vary depending on your insurance provider, most companies see this add-on as a benefit to improving the safety of your home.
PEACE OF MIND AGAINST OUTAGES
When it comes to the home, peace of mind is pretty much essential.
A standby generator is a crucial element in the lives of many homeowners; without fail, it gets plenty of use when it’s needed most. When the weather turns against you, and you have to resort to a generator for electricity to your home in case of emergencies, nothing else can take its place.
If you live in areas that often experience surges or outages, switching to generator power is a good workaround. That peace of mind allows you to know that, no matter what, you'll be able to work at home, learn at home and not miss any remote classes, cook meals, watch television, listen to music, and heat or cool your home.
There are several ways that the cost of a house generator can be offset. For example, a standby generator can take some of the strain off your central heating and air. As a result, you could end up extending the life of your HVAC system and reducing the maintenance fees that you spend on it over time.
All these factors add up a little at a time, saving you thousands of dollars in the long run.
SAFETY AND SECURITY
A residential property that makes use of a house generator has extra protection against the hazards of power outages. Those hazards may include flooding, contaminated water, spoiled food, and failed communication channels. Generators keep your home operational even when others are not.
BOOST YOUR HOME VALUE WITH A GENERATOR
A whole house generator can undoubtedly make a valuable asset to your home - not only will you be conserving energy, but you’ll also be able to take advantage of the financial benefits that come along with it.
We hope you can see the value that a generator adds to your property, whether it be in the cost savings, peace of mind, or safety and security.
If you would like more information to help you make an informed decision, contact Paramount Power Systems today to learn more about the best power solutions for your Toronto home.