How HVAC Upgrades Increase Home Equity
If you’re thinking about selling your home in the future, you may not think it worth it to upgrade your HVAC system anytime soon. At Willard AC, we’ve seen homeowners live happily with an older system, but it comes at a price, literally.
Replacing an aging unit can make a difference in your current comfort level. Plus, the monetary gain is more significant than you might initially think.
We could go on about how preventative maintenance is essential (and we have). Still, there is another benefit to giving the gift of a more efficient HVAC system to your home: increasing home equity. You could just put in a pool, but the likelihood of a pool’s return on investment outweighing that of a better heating and cooling unit is low.
Instead, you can benefit short term and long term from an HVAC upgrade. Here’s how.
Advanced HVAC Offerings
If you haven’t upgraded your system in about 10 to 15 years, you’re probably due for one. Luckily, technological improvements for furnaces and air conditioners have come a long way even in the past decade. Advancements include increased efficiency based on systems’ SEER rating. A higher SEER, or Seasonal Energy Efficiency Ratio, means your system requires less energy to keep your home comfortable.
Cutting energy costs is just the start of the money-saving benefits you’ll receive from a new system. When you think of lower energy bills, you should think of better home value.
Incredible energy savings is an enticing perk to position to potential home buyers. Plus, a more advanced HVAC unit means less wear and tear for you and them, adding value to the offer. After all, fewer expenses from repairs or replacements is a win-win.
Instantly Improve Home Value
Your heating, cooling, and ventilation system is a significant investment of its own, which means you can market it as such. It is much easier to sell a home’s HVAC system on the basis that it was recently upgraded. For instance, a ductless, mini-split system will look much less convenient to a homebuyer than an accurately fitted, central unit.
Additionally, any assessor will quickly determine the age and wear of your unit during the selling process. Before it causes a rift as you reach an agreement, schedule a replacement for your system.
In summary, an HVAC upgrade can increase the value of your home by:
- Equipping a more efficient system
- Offering more convenient heating and cooling
- Positioning your home as one with advanced HVAC technology
- Tacking on future repair expenses to the value of the home since a new system largely prevents those issues
We know a home upgrade for your furnace or AC is a big decision, but it’s the right one. Whether you are thinking about increasing your home’s value now or want to make a change in the future, the team at Willard can help pick out the right system for you.
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