Does a Generator Increase Home Value?
Does a generator increase home value? Find out how a whole-house generator can boost appeal, offer ROI, and make your home stand out to buyers.
Climate change is increasing the frequency and intensity of extreme weather events like hurricanes, wildfires, heat waves, and floods. These events can damage power lines, transformers, and substations, leaving entire areas without power. As homeowners face a growing number of these events, many are asking, Does a generator increase home value?
Installing a generator can provide you with peace of mind now and be a valuable selling point in the future. In this post, we’ll explore the value, costs, benefits, and practical considerations of adding a generator to your property.
How Much Is Your Home Worth Now?
Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator.
Does a generator increase home value?
Adding a generator can increase home value, particularly in areas where power reliability is an issue or extreme weather events lead to frequent outages. A generator provides a reliable backup power source, which appeals to buyers who want assurance against disruptions. Within the industry, it’s estimated that a home generator can increase the value of your home by 3% to 5%.
Your return on investment (ROI) will vary depending on location, installation costs, and power demands. However, according to some estimates, installing a whole-house generator can result in up to 150% ROI.
