Question: Last year we faced two power outages that lasted for about 8 hours. I am considering installing a standby generator. In talking to some people they said that a standby generator is a bad home investment as I will not recoup the cost if I should sell my home. What is your opinion?
Answer: I get very annoyed when I read articles that talk about the ROI, return on investment, of any home improvement or renovation project.
We spend more time in our homes than any other place and unless you are planning on selling your home in the next 12 months, the ROI, in my opinion is a discussion that should not take place.
ROI is only discussed when we talk about home improvements. It is not considered when we purchased the big screen TV and very few people go car shopping based on the resale value of the vehicle they are purchasing.
We all want comfort and there is nothing wrong with having a standby generator if it gives you comfort and in many cases a safety and health concern.
Forget the ROI and base your decision on whether or not to install the standby generator on its value should there be a power failure in your neighborhood!
Additional information on standby generators.
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