As a homeowner when you decide to sell you want to get the best value possible for your home. Before you decide to sell your home there are a lot of things you want to have in order to make sure your home is in the best selling condition. One item many homeowners will not be aware of until they put their home on the market or apply for homeowners insurance is the condition of their electrical panel. Homeowners can not only be delayed from obtaining insurance for a faulty or old panel, but they can be denied altogether. It is a common reason for holding up sales as well.
What can you do to prevent this? Electrical panels can be potentially costly to replace and should be done by a professional. This can be intimidating to homeowners, but should not prevent you from seeking assistance! Faulty or outdated panels can not only cause issues selling your home but are also a serious fire hazard. Many electrical companies will give you a free inspection and estimate to determine if your electrical panel qualifies and is safe to use. It is better to take care of this sooner rather than later so you can correct any issues on your own schedule and not be burdened by an insurance company’s deadline.
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