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11 Excellent Ways an Electrical Service Provider Can Help You

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Electrical Service Provider

In 2020 alone, the world used a whopping 22,153 terawatt-hours (TWh) of electricity. So that you know, 1 TWh is equivalent to 1,000,000,000 kilowatt-hours (KWh) of energy.

All that should give you an idea of how much electricity the world depends on each year.

That also explains why an electrical service provider classifies as an essential worker. After all, these professionals specialize in installing, repairing, and maintaining electrical systems.

So, it’s all thanks to electricians that consumers can use electricity safely. The keyword here is “safe,” which means it’s not a good idea for a regular person to carry out DIY electrical work.

To that end, we created this guide on the many types of services (Electrical Service Provider) a licensed electrical expert can do for you. Read on to learn why and when you need their expertise.

1. Energy Assessment

Air leakage can account for 25% to 40% of the energy used to heat or cool a typical US home. That’s 25% to 40% of wasted heating or cooling energy.

Air leaks are cracks and openings in a building, such as in drafty windows and old doors. Areas around electrical outlets, wires, and wall switch plates can also develop leaks.

Either way, conditioned air can exit a building through these gaps. Moreover, outdoor air can enter these cracks, affecting the indoor climate. As a result, the heater or air conditioning system has to work harder, leading to spikes in energy use.

A licensed electrical service provider can help by providing an energy assessment. Also known as an energy audit, this service gives you a clear picture of your building’s energy use.

For example, it lets you determine how much your actual energy usage is. It also tells you if you’re wasting energy through air leaks.

Moreover, the electrical expert can educate you about your most inefficient electrical appliances. These can include an old air conditioner, refrigerator, freezer, clothes washer, or dishwasher. Inefficient incandescent lights can also be a culprit behind your high energy bills.

You can also expect to get recommendations on the energy efficiency steps you can take. These often include replacing old appliances or lights with energy-efficient ones. You’re likely to get advice on air sealing and insulating your home, too.

2. Safety Inspection

A global study reported that more than 4.59 million fires occurred in 46 countries in 2018. India came in first, with 1.6 million fires, while the United States ranked second, with more than 1.3 million cases.

Electrical malfunctions, in turn, are some of the leading culprits behind such fires.

For example, of the 354,400 estimated home fires in the US in 2019, 6.8% were due to electrical problems. On top of that were the 110,900 estimated nonresidential fires, of which 7.3% occurred due to electrical woes.

Fortunately, an electrical expert can help prevent such disasters with a safety inspection. This involves a comprehensive examination of your entire electrical system. It covers the electrical panel, wirings, outlets, and anything else that uses electricity.

The goal of safety checks is to uncover existing and potential electrical malfunctions. The professional electrician then lets you know which areas need immediate repair. You can also expect the expert to recommend upgrades or improvements.

Best of all, some providers of electrical services offer these checks for free if you hire them for any paid job.

3. Electrical Panel Upgrade

Electrical panels are devices that distribute electricity in homes and buildings. In most modern homes, electrical panels provide 150 to 200 amps of total power.

However, many older homes still rely on 100- or even 60-amp panels. If yours is one of these, consider having it upgraded by a professional electrician. This way, you can ensure that your higher-rated panel can meet your growing energy demands.

4. Circuit Breaker Panel Replacement

Inside your main electrical panel are circuit breaker switches. These switches are safety devices that trip in cases of short circuits or overloads. By “tripping,” they cut off the flow of electricity to prevent electrical hazards and fires.

However, old age or severe wear and tear can cause circuit breakers to fail. Worse, some breakers were already defective even before their installation.

Federal Pacific Electric (FPE) Stab-Lok panels are perfect examples of such malfunctioning devices. According to some estimates, there are about 28 million FPE panels in the US. At least one million of them may be defective and fail to provide fire protection.

That’s another good reason to get a safety inspection of your home or business. This way, a licensed electrician can determine if your panel is too old or is one of the defective FPE products. From there, you can have the pro replace it as soon as possible.

5. Electrical Repairs

Flickering lights, defective light switches, and non-working outlets indicate faulty wires and connections. Lights that dim or go on and off can also be a symptom of overloaded circuits. Circuit overloads may also cause your panel to produce weird and loud hissing sounds.

Problems with wirings and metal contacts can also lead to electrical shocks. In many cases, these issues may only give you a minor jolt. However, more severe cases can be powerful enough to cause electrical injuries.

In fact, up to 10,000 people in the US end up in emergency departments for such injuries each year. This is a good enough reason to call an electrician if you experience electrical issues. The sooner you call a pro, the sooner the expert can diagnose and repair your problems.

6. Outlet Additions

One solid sign you need more outlets is if you rely on too many extension cords. While convenient, extension cords are only temporary wiring solutions. Their misuse can result in hazards, especially electrical fires.

So, if you use multiple extension cords every day, get in touch with a licensed electrician. The pro can help you determine how many extra outlets you need and then install them for you.

7. Surge Protection Installation

A typical home contains an estimated $15,000 worth of devices that surges can damage. So, it’s no wonder that as of 2020, surge protection has become a requirement for dwelling units in the US.

Surge protectors are devices that safeguard electronics from high-voltage power surges. A power surge, in turn, is an unexpected or sudden increase in voltage. If strong enough, it can fry and cause severe damage to electronic equipment.

Power surges can sometimes come from electric utility companies during power grid switching. However, lightning is a much more powerful cause of such events. Large appliances, such as AC units and fridges, can also cause these spikes when they cycle on and off.

A licensed electrician can install surge protectors in your home or business. Get in touch with one of these experts now so that you can protect all your pricey electronics ASAP.

8. Ground Fault Circuit Interrupter (GFCI) Installation

A ground fault circuit interrupter (GFCI) is a device meant to prevent electrocution. A GCFI can do this by sensing a potential shock event. It then cuts off the power before someone gets shocked and injured.

An electrician can install GFCIs in areas where electricity and water may meet. Bathrooms, kitchens, and laundry rooms are examples of such places.

9. LED Light Upgrades

As of 2019, an estimated 1.5 billion light sockets in the US still used incandescent bulbs. Although cheap, they waste up to 90% of the energy that flows into them, making them highly inefficient. They also have short lifespans, as they usually burn out after a year or two of use.

If you’re still using some of these inefficient lights, it’s time to upgrade to LED technology. The best LED lights can be 90% efficient, only converting 10% of energy into heat. What’s more, Energy Star-rated LED products in the US have a minimum 3-year warranty.

In most cases, you can connect LED bulbs to existing sockets in your home or office. However, you may need the help of an electrician to replace the socket if it doesn’t fit typical LED bulbs. An electrician can also replace incandescent dimmers with LED-compatible ones.

10. Safety and Security System Installation

Some electricians also specialize in smoke, fire, and gas detector installations. They can also install indoor and outdoor safety and security lighting. If you need help setting up a wired security system, you can rely on these experts for help, too.

11. Solar Panel Installation

The world now has more than 700 gigawatts (GW) of total solar energy capacity installed. This is sure to rise further as more consumers make the switch to this green, renewable energy.

If you plan to go solar yourself, you need an electrician’s help installing and connecting your solar panels. Whether you want the panels on your roof or the ground, an electrician can do all the heavy work for you.

Hire an Electrical Service Provider to Help Keep Your Property Safe

As you can see, a licensed electrical service provider can do more than just repairs. These pros can help make your home or business safer with devices such as surge protectors and GFCIs. Plus, they can help you save money and the environment with energy-efficient updates.

So, whenever you need electrical help, call a licensed electrical contractor or electrician.

Ready for more home or office improvement guides? Feel free to have a look around our site for more educational posts like this!

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Real Estate

How Long Does a Roof Last? A Complete Guide

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Roof Last

Your house is yours forever. But the roof over your head is a different story. 

You want to know, how long does a roof last? As we said already, it won’t be overhead for the rest of your years in your house. But depending on the roofing materials used, it may be around for longer than you think.

Here’s everything you need to know about the lifespan of a roof.

Asphalt Roof: 15 to 30 Years

The majority of American homes have asphalt shingles overhead, and it makes sense why. They’re often the cheapest, and they’re ingeniously designed. The asphalt part is what sticks to your roof, and it heats up in the sun — the sticky layer makes the roof waterproof. 

On top of that, asphalt roofs last a long time and often come with a quarter-century of warranty. Most will stand up for 15 to 30 years. Check out retailers like saltlakeroofing.com if you’re interested in an asphalt roof.

Wooden Shingle Roof: Up to 30 Years

Your wooden roof will last for up to 30 years, but that’s not without a lot of work on your part. This natural material requires quite a bit of upkeep. 

You’ll also have to have your roof inspected each year to make sure you don’t have any split shingles, which could let in water. If you replace broken shingles over time, though, your roof should last for three decades — and come with a warranty for that long of a stretch.

Clay Tiles: Up to 50 Years

A clay roof is nearly ten times the price of an asphalt roof, but you get what you pay for. This material — a favorite in hot climates — lasts for 50 years or longer, on average. And you don’t have to do anything to get your roof to last that long, either. 

Manufacturers should arm you with a warranty for at least 30 years, although some will swing for a half-decade. A rare offer could arm you with a lifetime guarantee on your clay roof. That’s how durable they are! 

Metal Roofing: Up to 70 years

Speaking of getting what you pay for, a high-end metal roof can last just as long, if not longer, than a clay one. But keep in mind that there are all types of metal roofing materials, and thinner ones — that are usually cheaper, too — tend to last up to 25 years. 

Meanwhile, the thicker, higher-end metal roofing costs more, but it can last for 70 years or longer. It’s a great investment if you live in a particularly snowy area. Metal roofs are strong against snow; in fact, snow slides right off metal shingles. 

So, How Long Does a Roof Last? 

In the end, there’s no one answer to your question. How long does a roof last? It depends on the material, but it could be for the lifespan of your home. 

Need more home decor and DIY advice? Check back with us for more. 

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Real Estate

How to Rent Out Your House: The Basics Explained

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Rent Out Your House

Whether you’ve recently inherited a new house or find yourself with an empty bedroom you’d like to fill, renting out property is an excellent way to pad your wallet with some extra passive income.

That said, even though renting out your property might sound good on paper, getting started, especially if you’re new to the game, can be quite a challenge. Fortunately, renting out property is not a new concept, so there is plenty of information out there to help you navigate your first rental property.

Are you ready to get started? Here’s everything you need to know about how to rent out your house.

Prep the Space

Before you even list your space, you need to ensure it’s ready to receive new tenants. Prepping your property could mean making simple adjustments like caulking the tub or slapping on a fresh coat of paint. However, depending on the state and age of your home, you could need to undertake much more extensive repairs and renovations to get it renter-ready.

Make sure to check local codes and property laws to ensure your property is safe enough to rent.

Do Your Homework

Odds are unless you’re planning on investing in real estate with the intent of renting it out, you’re not going to have much say in how much you can charge your renters. That said, making sure you do your research ahead of time will ensure you don’t wind up losing out on any potential cash.

Before you list your rental property, make sure to shop around and see how much similar properties are going for in your area and if you can offer any amenities that would allow you to up the price.

Lay Some Ground Rules

Whether you’re renting out a home or renting out a room, when you invite a stranger into a space, you’re taking on a level of risk. One of the best ways to protect yourself and your property from any potential damage is by figuring out a few hard and fast rules ahead of time and having all of your tenants sign off on your policies when they sign their lease.

These rules can include factors like whether or not you allow pets, smoking, or even large gatherings on your property.

Find Insurance

As we mentioned before, owning rental properties comes with some unavoidable risks. While creating a lease can help protect you a little, finding a good insurance policy will make sure you can cover any unexpected damage or repairs.

Expect the Unexpected

Unless you want to have to drive out to your rental property at 3 a.m. with a plumping snake in hand, you’re going to have to plan for emergencies long before they happen.

As a landlord-to-be, it’s your job to anticipate any emergency scenario your renters may encounter and take the necessary steps to rectify those problems before they pop up. This step includes finding an emergency plumber your tenents can rely on 24/7.

While you could handle this side of renting yourself, there are plenty of property management companies out there who will take care of the emergencies for you.

How to Rent Out Your House

Now that you know how to rent out your house, it’s time to get to work preparing your property to earn you some extra cash!

Are you looking for more advice on how to get the most out of your rental properties? We’ve got you covered! Check out the rest of our blog for more helpful articles today!

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Real Estate

How Much Do You Need to Invest in Real Estate?

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Invest in Real Estate

Did you know that the size of professionally-managed real estate was valued at $10.5 trillion in 2020?

Rental income and portfolio diversity are just two of the numerous advantages of investing in real estate. Some investors resort to tangible assets like real estate when the stock and bond markets are volatile. But, this brings us to how much do you need to invest in real estate as a beginner?

Investing in second houses for short-term rentals on home-sharing sites has increased in popularity over the last decade. Thankfully, you’ve got options. Keep on reading for our full breakdown of the main categories of real estate investments and how much money you need to break into the real estate market. 

Investing for Beginners: REITs For $1,000 to $25,000 or More

The real estate investment trust (REIT), first developed in the 1960s to enable private investors to engage in the commercial real estate market, is one of the cheapest and simplest ways to add real estate to a portfolio.

Securities like this are traded on the main stock markets. They make direct investments in real estate, either via the acquisition of actual property or the financing of mortgages. It is common for certain REITs to specialize on a single kind of property or a specific geographic area.

With a REIT, an investor may get a high income and access to a wide range of real estate options. When it comes to investing in real estate, getting out isn’t always straightforward or fast. REITs are traded on the stock market.

Leveling Up With REIGs: From $5,000 to $50,000

Real estate investment groups (REIG) and private partnerships may be a good option for investors who want to own real estate rather than stock in a corporation.

One or more apartments or condos may be purchased by an individual investor via an operating business using the REIG. All of the units are managed and marketed by the operating firm. In return, a portion of each month’s rent is given to the managing business.

Investing in real estate via a REIG is a comparatively low-cost option for new investors. You don’t have to worry about the day-to-day running of the business.

Some real estate investment partnerships would take a $5,000 to $50,000 investment from potential investors.” Purchasing a unit on its own isn’t feasible, but a partnership will combine the funds of multiple investors to create a shared and co-owned property. 

How Much Do You Need to Invest in Real Estate: First Rental Property

Investment property loans with modest down payments were very simple to get before to the housing market collapse of the late 2000s. During the 1990s and early 2000s, many people assumed that home values would continue to rise indefinitely.

A lender’s worst-case scenario was to foreclose on the property, which would be worth more than the loan amount in the event of a bankruptcy.

In the end, things didn’t go quite as planned. When the price of real estate began to fall, many investors and banks lost a lot of money.

When it comes to financing investment homes, lenders tend to be a little more cautious these days, and mortgage insurance providers aren’t likely to even consider them. Most lenders want a 20 percent down payment to finance an investment property as a consequence. Even greater down payment may be needed in certain cases (perhaps 25% or 30%).

To get a traditional loan, Fannie Mae requires a 15% down payment, but only if the applicant has a decent credit score and six months’ worth of costs in reserve, as well as a low debt-to-income (DTI) ratio, which only applies to single-family houses. As a rule, a traditional lender will only loan up to 75% of the total purchase price.

A down payment of less than 20% of the purchase price is almost never accepted by specialist lenders that do not follow Fannie Mae’s guidelines for financing investment properties.

To put it simply, you should anticipate putting at least 20% down on a rental property, and we would call a 25% down payment more reasonable. Here’s how you can choose the right rental property. 

Do Your Homework

A comparative real estate study is a good idea after you identify a house you like. Finding out how much comparable houses in your region have sold for in the last few months is a good place to start.

Finding comparable-sized houses in the same zip code as the one you’re contemplating is your best bet.

When comparing two properties, be sure that the amount of bedrooms and bathrooms is comparable.

The selling prices of comparable houses should be examined once you’ve discovered several. A decent starting point for negotiations will be to compare these costs to similar items in your area. You can always check this guide on making the smart choice.

Prepare to Negotiate

Few realize that housing prices may be negotiated. To get a better deal, decrease your bid unless you are in a very competitive market. Make sure you know your figures if you decide to bargain.

This means that rather than merely delivering a “gut feeling” figure, you should be able to back it up by providing evidence, such as numbers and graphs, to back up your claim. In addition, be prepared to walk away from your property. There is a chance that you will.

Buying Real Estate and Investments: Clean and Clear

Every budding investor in the U.S. market has to take a long and thorough look at what the real estate market has to offer. After all, it’s one of the most straightforward ways to generate wealth. 

Hopefully, our guide has shed some light on the options you might have, as well as how much do you need to invest in real estate when you’re just starting.

And, if you enjoyed reading our explainer, then you’ll love checking out our other posts and strategies. All of them will be available at your convenience in our real estate and finance sections. 

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