Does Adding A Generator Add Value To Your Home?

Generators are the go-to backup power source in most homes today, providing the peace of mind that you will continue to have electricity no matter what happens. However, the benefits of generators do not stop there, as they can also elevate the value of your home.

How Does Adding a Generator Add Value to Your Home?

If you have always thought of this device as a power source, then it can be easy to wonder, why does adding a generator add value to your home? While there are distinct reasons that this backup power source can help spruce up the asking price of your property, they all center around comfort.

With more stories of storms and power outages hitting news outlets every year, saying that a generator is a must-have appliance for every home has quickly become an understatement.

The desire to always have access to electricity is one of the core reasons most buyers are willing to pay a premium for homes with generators. So, if you are looking to boost the value of your property, there are few better places to start than with this power source next to your home.

Does Adding A Generator Add Value To Your Home?

How Much Value Does Adding a Generator Give to Your Home? 

Recent research from Consumer Reports showed that installing a generator could boost the value of your property by as much as 5%. Meanwhile, a survey conducted by Home Remodeling Magazine also showed that you should expect up to a 150% return on your initial investment after purchasing a generator. In either case, you can always expect to get more than you put in.

For example, if you decide to spend $12,000 to install a brand-new Cummins Generator, the value of your home could shoot up by as much as $16,000, which will more than cover your initial cost. If you have been struggling to boost your property’s value and would like a fantastic return on your investment, we suggest looking no further than generators. These machines are tremendously robust and will always help keep the lights on, even in the darkest times.

At Osburn Services, we are a leading generator installer with the core goal of making your installation process as smooth as possible. All our team members are authorized Cummins and Generac operators and have a license to install and maintain generators throughout Michigan. If you have been looking to set up a generator for your home but are not sure where to start, do not worry. Drop us a message or give us a call, and we will get back to you as soon as we can.

What Other Financial Impacts Will a Generator Have on My Home?

In addition to increasing the value of your property, generators can also help you save a tremendous amount of money on your yearly insurance payments.

Today, drawing a straight line between various insurance claims and a loss of power can be easy. If your home experiences an outage and the sump pump in your basement stops working, you will end up knocking on your insurer’s door with a claim for a flooded room. On the other hand, with a backup generator, your sump pump can spring back to life immediately after the outage, keeping your home dry and fresh.

There are few things insurance companies love more than this certainty. By knowing that generators can help keep things working even in terrible conditions, it is possible that your insurer will offer you a discount for going the extra mile. So, once you install your generator, be sure to ask for a rate reduction. Depending on where you live, your insurer may be willing to cut as much as 10% off your yearly payments.

Does Adding A Generator Add Value To Your Home?

When to Install a Generator to Get the Best Value?

If the core reason you want to install a generator is to boost the value of your home, then timing is everything. We suggest you start thinking of wiring up a new generator within a few months of listing the property. Picking this moment will allow you to get a generator fresh off the market that will help you catch the eyes of potential homebuyers.

If generators are also rare within your neighborhood and there is a high demand for homes, this could help your home stand out on the market. On the other hand, if you have just moved into your home, you can still cash in on your return on investment by setting up a generator today. This installation will also help ensure that you remain protected from any outage that may occur.

Osburn Services is Here to Answer All Your Questions

In addition to increasing the value of your home, having a backup generator on standby will provide security and help ensure that all the valuable systems in your home continue to work during any outages. If you are ready to kickstart a life of consistent electricity and would like to learn more about how you can have a generator installed, please do not hesitate to ring our phone lines or get a free estimate.

Osburn Services is a leading generator company with extensive experience installing and maintaining generators throughout the lower Michigan Peninsula. Throughout the years, we have consistently combined this experience with quality parts to help create an unbeatable installation and maintenance experience for all our clients. Today, we sit among a handful of authorized Cummins and Generac installers in Michigan, making us an ideal partner for the installation and maintenance of your generator.