Electric vs Gas Increasing Home Value

[Jason Lee]

Hello...

I purchased my third property today for cash, and was looking for some advice from some of you with more experience.

The previous landlord had the electric updated outside, but inside it has an aging pacific electric panel.  I have read bad things about it, and I got the permit today so I can change it out.

Since I am going to be inside the panel would it add any value to the home if I put in a line for the stove, and hot water heater.(This would remove the need for gas)

If I sell it do buyers value all electric over gas?

If I rent do renters care about having gas?

[Angie D.]

I posted that a little too fast, sorry! I meant to add that in 15 years Ive never had anyone prefer electric over gas FOR ANYTHING! This includes not only the gas range, but gas heat, hot water heater, gas dryer, etc. It might vary in different markets or in more rural areas where gas isn’t available. I’m in the MD,DC, VA market.