You need an HVAC system in your home to have cool airflow during the summer and a cozy winter environment. In this regard, there are various HVAC models you can choose from. Some of them could be more expensive depending on their features. On the other hand, you can find an affordable unit for a single room. Believe it or not, HVAC systems also have an impact on the value of your house. So we will answer the question, “how much does a new HVAC system add to the value of a house?”
Even though some people might tell you it is not worth it to update your HVAC system before listing your property, they are wrong. Having this appliance will help you attract several buyers. This means you’ll get more offers to recover the money you invest in the HVAC system.
However, it is vital to clarify that this is not a mandatory task when thinking about listing your property. That’s why if you are not sure that updating the HVAC system is worth it, there are some key factors you need to consider.
Should I install a new HVAC system?
You may have been wondering: how much does a new HVAC system add to the value of a house?
Indeed, the best thing about a home seller having a new HVAC system is boosting your home’s appeal. Even when you won’t recover the entire investment, there are high chances you can get at least 50% of the initial cost back. Plus, you should know that if you already have an HVAC system, but it is outdated, this could also detract potential buyers.
In this case, the only way to decide whether this process is worth it or not is by evaluating some key factors. To help you out, here is a small checklist you can use.
- First, you need to think about where your property is located. For instance, you may have to ask yourself: how much does AC add to home value? If you live near the coast, it is possible people in the area don’t spend a lot of money on the HVAC system. That means that if you decide to invest money updating your air conditioner, it is likely it won’t add much value to your home.
- Check how much money you have to invest in this project. Sometimes, when you decide to update your HVAC system, you’ll also need to think about the ductwork. It is crucial to consider if you’ll get enough money back after the sale or if it is better to list the house with the current HVAC.
- Make sure that your system is working correctly. To do this, you can book a visit with an HVAC expert. That day, they will check if there are any malfunctions or potential risks. If there is nothing to worry about, you can consider selling your house with the same HVAC.
- If you receive a report with some issues you need to fix from the HVAC expert, you have two options. First, you can hire a provider to solve all the problems with your system. Or you can install a new one. In case you choose the latter, you’ll need to hire the top company in the industry. To contact them, visit this site.
If you decide that the best path for your home is installing a new HVAC system, then it is essential to prepare for the costs involved in this project. Overall, if you want to update your air conditioner system, it can cost you between $5,000 and $12,000. However, the final price will be determined by the property location, installation complexity, and unit type.
If you need any ductwork, this will be a high added cost to the entire installation process. But, you also need to consider that the market today offers some ductless HVAC systems.
When you start planning the update for your HVAC system, you might want to consider getting another type of unit, depending on the priorities you want to target. To help you out, here is a quick overview of the devices you can find in the market.
Three primary types of HVAC Systems:
- Split system: This is an excellent alternative if you already have a furnace installed in your home. Plus, it is an affordable option.
- Ductless mini-split system: If you don’t want to spend more money on ductworks, then the perfect alternative is a ductless mini-split system. You can purchase several devices to target different areas of your home.
- High-velocity HVAC: If you live in an old home, you’ll need to install a high-velocity HVAC system. These will work better for your property, but keep in mind they would be noisier compared to other devices.
Factors to consider when picking a new HVAC
If your top objective is purchasing an HVAC system to add value to your home, you should choose the device that offers several features. Here is a list of a couple of them.
- Energy efficiency: When potential homeowners want to purchase a new property, they often hope to save some money. If your home offers an energy-efficient HVAC system, there is a chance that buyers will be willing to pay more. To accompany this unit, you can purchase a smart thermostat to allow future homeowners to control their energy consumption.
- Environmentally friendly: This new generation of buyers is looking at more things than the location and amenities available for the property. They also want to make sure that the HVAC system they have is environmentally friendly. That means purchasing a device with this characteristic can win you a lot of points.
- Small unit: Today, homeowners don’t want extensive HVAC systems that take a lot of space. They are more attracted to an aesthetically appealing unit, which allows them to store more things in the basement.
- Purchasing the right size: As you might know, an HVAC system is not a one-size-fits-all device. So you must ensure your purchase is sized correctly. Thus, the unit can maintain the same temperature throughout your house.
If you are considering selling your home soon and have asked yourself, “how much does central air add to home value,” you now have the necessary information to make an informed decision.