Many things can affect the value of your home. If you have a newer HVAC system, it can raise your property value. However, HVAC systems don’t always provide that added boost to your resale value. There are some factors that can affect your home’s market price. Here are a few ways your house’s resale value can benefit from a new HVAC system.
Home Values and HVAC Systems
Many homeowners want to know if an HVAC system will affect the value of their homes. There is no clear-cut answer to this question. If you have a new system, it can increase the property value of your house. There are many benefits to installing an HVAC system in your home. You can stay comfortable, save money, and boost a home’s market price. An HVAC system is an excellent investment, and many buyers want those homes with well-maintained equipment.
If you read any home improvement magazines, there is plenty of advice to improve your home’s value. As a homeowner, you want to know if your return on investment will work in your favor when your home goes on the sales market. HVAC systems are often seen as an added benefit. Many realtors push properties with newer or well-maintained HVAC systems to homebuyers. Realtors know people want a comfortable new home, and they often select those properties with a newer HVAC system. The state of your HVAC equipment could affect a buyer’s bid on your home. If you have a modern system, you’ll have buyers rushing to place an offer on your property.
HVAC Systems Add Value
The right HVAC system can add significant value to your home. With that information, you might want to rush out and put your home on the market. However, not all HVAC systems will boost the value of your home. A system that’s several years old might not increase your home’s resale value. After a few years, a typical HVAC system can wear down, and it costs you more money to operate the heating and cooling unit. Homebuyers often shy away from homes with an older HVAC system. New homeowners want to have an energy-efficient house without any maintenance issues. Those homes with older 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. You want to hold on to the paperwork for every service call and maintenance visit. With this documentation, potential buyers will know 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. In turn, you’ll likely fetch a higher price on the market than those 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 you have a tight budget, you may not want to replace your entire HVAC system. You can always hire a professional HVAC company to retrofit your current system. With this project, you can replace those high energy-consuming parts with ones that can save you money. Even if the system is old, you can show potential buyers that it’s been upgraded with new features and components.
When you retrofit your heating and cooling units, new parts are installed in your current system. You can ensure your system will keep working without the need for a complete overhaul. 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.
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. 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. 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 some cases, you might need to replace an existing system with a better fit for your home.
Size does matter for your home’s HVAC system. Small HVAC systems have to work harder to reach the right temperature for your home. Those larger units will cost more money to operate throughout the year. 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.
Your location can affect your home’s resale value. 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 are known for increasing the efficiency of your cooling and heating systems. 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. 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.