When it’s time to sell your home, it’s a good idea to make a few upgrades to increase its value and attract more buyers.
However, how do you know which upgrades will be worth it?
You’ll need to determine if the money you spend on upgrades will add more value to your home than they cost.
Upgrading your HVAC system is typically a great way to increase your home’s value quickly — if you do it right. Keep reading and see what our HVAC experts have to say about making upgrades to increase your home’s value!
Breaking It Down
So, will upgrading to a new HVAC system help increase your home’s value? Consider the following:
How old is it?
If your HVAC system was installed longer than 10-15 years ago, it’s likely extremely inefficient compared to newer ones. Replacing it with energy-efficient appliances can save money on utilities, making the home worth more and more appealing to potential buyers.
What capabilities does it have?
For example, an older home without central air is unlikely to sell for as much as you want, and you’ll almost always want to have it installed, especially in hotter climates. In addition, does it have extra features that buyers look for frequently? Additions like a central humidifier can increase your HVAC system’s efficiency and allow you to raise your asking price.
Plus, here’s something else to keep in mind: While a new HVAC system might not be a shiny new upgrade that potential buyers will notice right away, what they will notice immediately is an inadequate or outdated system.
Curious how much a new HVAC system can increase your home’s value before listing it for sale? Get a free estimate from your local HVAC pros!
Does a New Furnace System Increase Home Value?
Yes! Making HVAC upgrades before selling your home is almost always a good idea. Unlike other methods to raise your home’s value (like bathroom and kitchen renovations) that may not increase its value by more than what you spend, a new furnace or air conditioner will directly influence your home’s appraisal.
Your HVAC system is always inspected for an appraisal, taking into account the system’s age, condition, and quality.
Older HVAC systems will understandably lower your home’s value. However, if your AC or furnace is in poor condition or older than 10-15 years, it could cause your appraisal to be much lower than average.
The price of a new HVAC system is well worth it for almost every homeowner that wants to get a little more out of their sale. Reach out to our HVAC installation pros to see how we can help increase your home’s value!
Related: Electric Furnace vs. Gas Furnace
Is My New HVAC System a Worthy Deal?
You’ll usually recoup the amount you spend on an HVAC upgrade when you sell your home. And even if you don’t profit directly from having a new system installed, it makes attracting better buyers much easier.
One aspect of your home that every buyer will look into before making an offer is the state of its HVAC system. A new or recently serviced AC and furnace will get the attention of buyers more than slapping on a fresh coat of paint in the living room.
And even though some buyers might not notice your new HVAC system right away, they will quickly notice a worn out, old, or broken down appliance.
So is getting a new HVAC system before selling your home worth it? Most of the time, yes. Unless your system is only a few years old and works perfectly, you’ll likely benefit and profit from making an upgrade before putting your home on the market.
What Types of Upgrades Provide the Most Value?
Replacing your home’s HVAC equipment (AC, heat pump, furnace, etc.) will typically make the biggest impact on the value of your home. The impact is even greater if you upgrade to energy-efficient equipment instead of replacing your current system with the bare minimum.
For example, you want a high-efficiency furnace with 95% or higher AFUE and air conditioners with efficiency ratings of 20 SEER or higher to get the most value out of your upgrades.
However, other HVAC upgrades can also raise your home’s value, like resealing or repairing your ductwork to reduce energy waste and make your heating and cooling more even throughout the house. Even installing a smart thermostat can have an impact—finding ways to lower your heating and cooling costs will never be a bad thing.
Related: Smart Thermostat Advantages
Ways to Save Money on HVAC Upgrades
An excellent way to save on HVAC upgrades is to replace the equipment before it fails; this gives you time to look for better discounts and offers on new AC units and furnaces. You get more time to shop around and find the best deals.
In addition, if you can have the upgrades installed outside of peak season, you might get discounts from the HVAC company you choose. Plus, some charge extra during busy times (replacing an AC in the middle of summer, replacing a furnace in the middle of winter, etc.).
It’s also worth checking with your utility company—many offer rebate programs when you upgrade your HVAC equipment to more efficient models. These rebates aren’t typically massive amounts of money, but they’re still enough to help offset some of the costs associated with installing a new HVAC system.
See how our HVAC installers can help you save money on upgrading your system!
Replace your HVAC With Eanes to Increase Your Home Value
Installing a new HVAC system before selling your home can increase its value by:
- Increasing its energy efficiency
- Providing reliable heating and cooling
- Enhancing safety and comfort
- Decreasing monthly energy bills
- Offering better temperature control
- Functioning consistently at full capacity
At Eanes Heating and Air Conditioning, we’ve served the Piedmont Triad area for over 50 years with our HVAC knowledge. Whether you’re ready to upgrade your HVAC system before selling your home or need some repairs before showing it to potential buyers, our local HVAC techs have you covered.
Schedule your service online or give us a call at 1-336-329-6634 to see how we can help increase your home’s value with an upgraded HVAC system!