How Adding a New HVAC System Can Increase Your Home’s Value
July 31, 2020
There are many reasons to replace your HVAC system and one of them is the increase in home value. However, many homeowners want to be sure if the decision will be worth the cost and the increase in value. If you’re one of them, you have come to the right place. The pros at OnTime Service are here to show how adding a new HVAC system can increase the value of your home.
Can Adding a New HVAC System Increase Your Home Value?
Having an old, worn-out and inefficient HVAC unit can most likely decrease your home value and make it less attractive to a lot of potential buyers. Having a new, efficient one can make your home more appealing. Data suggests that homes with highly efficient HVAC systems and double-pane windows can create a 5.8% higher selling price, compared to homes that don’t have them. So yes, adding a new HVAC system can increase your sale value.
Consider Other Factors
Before you start replacing your HVAC unit in order to increase its sale value, you need to consider other factors as well. Installing a new HVAC unit not only takes a lot of time and effort, but it is expensive. Here are some things you should think about before you replace your HVAC unit to increase your home’s value!
1. How Old is Your HVAC Unit?
If your HVAC unit is between 10-15 years old, you might want to consider replacing it. Even if your system is durable like most modern air conditioners, their components might start to wear out and lose their efficiency. They might also be using outdated Freon that is no longer being sold anymore and is harmful to the environment.
2. High Energy Bills
If you notice high energy bills, even after keeping your HVAC unit well-maintained, you might be noticing a side-effect of an old unit. Older units lose their efficiency and end up running constantly or overtime, leading to high energy-bills.
3. Does Your Climate Warrant an Efficient Air Conditioner?
Before you make the decision to change your HVAC unit and before you put your house on the market, consider how often you need to use air conditioning. Do you live in a hot region? Does your climate require you use an AC often? This is important to ask yourself because a new HVAC system can not only be beneficial in certain geographic locations but can also help sell your home faster.
4. Does Your Ductwork Need to Be Replaced?
Having a new system but old, worn-out and inefficient ducts won’t be enough. You will have to replace the ductwork as well. This is a longer and far more expensive project and you must consider if it is worth the cost and time.
Any more questions about getting a new HVAC unit? Get in touch with the pros at OnTime Service! Call us today at 205-942-1405 or schedule a service with us online!