Many aspects can affect the value of your home, and one of them is the state and the quality of your HVAC system. A properly functioning system, with good air quality control and proper ventilation, plays a significant role in raising your property value. This value increase is likely because of the system’s upgrades like effective filters, precise thermostat controls, as well as energy efficiency.
However, HVAC systems don’t always provide that added boost to your resale value. There are multiple factors to consider, such as the quality of insulation in areas of the house, and the energy efficiency that the system provides, both of which can affect your home’s market price. Here are a few ways your house’s resale value can benefit from a new HVAC system and other related upgrades.
Home Values and HVAC Systems
Many homeowners are keen to know if an HVAC system will affect the value of their homes. But there is no clear-cut answer to this question. Upgraded features and a well-performing system can raise your property value, but an appraisal will clearly evaluate these improvements.
There are many benefits to installing or upgrading an HVAC system in your home. Alongside ensuring a comfortable, well-ventilated living environment with superior air quality, you can save money on energy consumption, boost your home’s market price, and increase its energy efficiency. Plus, an HVAC system is an excellent investment, and buyers are attracted to homes with well-maintained and upgraded equipment.
If you read any home improvement magazines, there is a multitude of advice on how to improve your home’s value. As a homeowner, you want to know if your return on investment, particularly in areas like energy-efficient HVAC systems, will work in your favor when your home goes on the market. Such systems, especially when they are newer or well-maintained, are an added benefit that many realtors push to potential homebuyers.
Realtors know people want a comfortable new home with good air quality, and they often select those properties with a newer, energy-efficient HVAC system. The state of your HVAC equipment, including its filters, insulation, and thermostat, could affect a buyer’s bid on your home. So if you have a modern, upgraded system, you’ll likely have buyers rushing to make an offer on your property.
HVAC Systems Add Value
The right HVAC system, with appropriate ventilation and air quality filters, can add significant value to your home. With that information in mind, you might be tempted to rush out and put your home on the market.
However, not all HVAC systems will necessarily boost the value of your home. A system that’s several years old, lacking in energy efficiency and needing upgrades, might not increase your home’s resale value. Over the years, a typical HVAC system can wear down, costing more in energy and maintenance expenses.
Potential homebuyers often shy away from homes with an older HVAC system. New homeowners prefer an energy-efficient house without maintenance issues or the need for upgrades in separate areas. Hence, homes with older, poorly maintained HVAC units won’t command a high price on the resale market.
Keep Those Maintenance Records
If you’re ready to sell your home, your realtor might ask for your HVAC maintenance records. Keeping a track record of all service calls, changes in air filters, or thermostat upgrades can play a significant role in increasing the appraisal value of your home.
With such documentation, potential buyers will see that your system has been maintained throughout the years. If there was a problem with the system, you can also show that the issue has been resolved. As a result, these records can help you fetch a higher price on the market than homes with unmaintained equipment.
Improve Your HVAC System
Now that you know an HVAC system can affect your home’s value, you might want to make improvements to your current system. If finances are tight, replacing the entire HVAC system may not be feasible. Instead, you can always hire a professional HVAC company to retrofit your current system, improve insulation in necessary areas, and enhance the energy efficiency.
Retrofitting your HVAC system can include replacing high energy-consuming parts with energy-efficient ones and installing better air quality filters. Even if the system is old, you can show potential buyers that it’s been upgraded with new features and components, thus increasing your home’s energy efficiency and its potential resale value.
In this retrofitting process, new parts are installed in your current system. This way, you can ensure your system will continue working efficiently without the need for a complete, expensive overhaul. Additionally, upgrading various aspects, such as insulation in certain areas or improving ventilation, can make a noticeable difference in the appeal of your home to potential buyers.With this money-saving solution, you can upgrade some parts as you get more life out of your current system. However, if your current system has parts in very poor condition, it may be time to replace your entire heating and cooling system. In addition to this, we offer numerous tips and sometimes run rebates for our loyal customers, who choose to upgrade their air conditioner or entire system, making the transition much easier and affordable.
Old HVAC Systems Lose Value
If you’re having a hard time selling your home, you should look at your HVAC system. In some cases, those old HVAC systems can decrease the value of your home. An essential number to remember is the age of your air conditioner; no one wants to buy a home with an outdated system.
Those older systems are often seen as a burden for potential buyers. They don’t want to purchase a home with an HVAC system that might need significant repairs in a few years. So when you’re ready to replace your entire HVAC system, there are a few things you need to consider for your project.
Your energy costs play a major role in determining your home’s value. If you’re spending significant amounts of money on utility bills, your property value could be lowered. In addition to this, you might want to ease your bills; a new, efficient air conditioning unit doesn’t simply add value but helps you save a pretty penny in the long run.
Size does matter for your home’s HVAC system. Small HVAC systems have to work harder to reach the right temperature for your home. But those larger units will cost more money to operate throughout the year. This is why it’s crucial to pick the one that’s just right for your home, balancing comfort and cost efficiency.
If you can’t decide on the right size for your home, you need to talk to a professional HVAC installation company. A properly sized HVAC system for your home will help with its resale value.
Getting the best HVAC system for your location
Your location can affect your home’s resale value. So if you live in an area with extreme temperatures, you want to invest in an energy-efficient system. Colder climates require more heat in the winter. During the summer, warmer locations need a system to stay cool.
Buyers want an HVAC system that can handle all their comfort needs. If your system isn’t up to the task, then you could lose money when you place your home on the market.
If you’re looking for that added boost to your home’s value, you might want to add a heat pump to your HVAC system. Heat pumps increase the efficiency of your cooling and heating systems. Additionally, a heat pump will provide additional heating for the winter. In the summer, a heat pump can even cool down your home.
These devices are used in place of those systems with an AC unit and furnace. When you add a heat pump to your home, you’re increasing the value of your home. Many new homebuyers might want to select this heating and cooling system for its environmentally friendly options. Heat pumps can boost your home’s resale value.
Let Us Help With Your HVAC
A well-maintained or new HVAC system can increase your chances of getting an offer on your house. So if you’re ready to upgrade your HVAC system, you need to find a professional team. At The Cooling Company, we can find a solution to your heating and cooling needs in Las Vegas, NV.
Our NATE-certified technicians will help you choose the right system for your home. We’re a certified Lennox Premier dealer, but we can service and install many makes and models. For those homeowners who have questions about their systems, our technicians have the experience to address your concerns.
We also offer ductwork replacement and can service both residential and commercial HVAC systems. When it’s time to upgrade your Las Vegas home with a new HVAC installation, contact the experts at The Cooling Company, your number one choice for affordable, efficient and customer-centered service.