When you are preparing to sell your home, you want it to be in the best possible shape so that it will impress potential buyers. For most sellers, this means doing such things as putting on a coat of fresh paint here and there, cleaning up the yard, and other related tasks. However, many people overlook the benefits that can come from rewiring their homes before putting them on the market. As to why you should consider this, here are a few benefits that can make it worthwhile.
Higher Asking Price
If you have had your home rewired before selling it, you can increase your leverage during the buying process by asking a higher price for your home. Once it has been rewired, your home will be worth several thousand dollars more than if you had left it with older wiring.
As another selling point for your home, possible buyers will know they are considering a home that will be very safe if they choose to make the deal. In addition, homes that have new wiring installed by an experienced electrician can often be insured for far less money than those with older wiring, so keep this in mind as well. Since the average lifespan for electrical wiring is only 20 years, having your home’s wiring inspected and replaced when necessary will be a smart decision.
Can Handle Today’s Technology
In decades past, homes only had a few appliances and perhaps a television and stereo. However, today’s homes are very different. Along with the usual appliances and televisions, most homes now also have computers and other high-tech gadgets, all of which need electricity to operate. Thus, homes that are up for sale should always have new wiring that is capable of handling today’s technology. Since buyers expect this, failing to take this into consideration will likely mean your home will stay on the open market far longer than you desire.
Passing the Home Inspection
Since properties usually have to undergo a home inspection before any deal is finalized, rewiring your house greatly increases the odds your home will pass its inspection with flying colors. After all, the last thing you want is a buyer who is ready to sign on the dotted line, only to discover your home’s wiring is in bad shape.
By hiring an electrician to inspect and rewire your house, you should find yourself closing on a sale much faster than you anticipated.