If you’re thinking about selling your home soon, or you’re thinking far ahead to someday in the future when you may want to sell your home, you’re probably wondering whether adding an HVAC system to your property could increase its value.
The answer is yes it can increase your home’s value. However, the exact dollar or percentage value will vary depending on a number of factors. So how much does a new HVAC system add to the value of a house?
Installing a new HVAC system could increase your home’s value by as much as $2,500-$3,000 or approximately 5-10% of the total value of your home.
The typical cost of installing a new heating and cooling system is about $10,000. This means that you won’t get much of your investment back immediately, or at all unless you use it for a few years. So, if you’re about to sell, installing a new system is probably not worth the money. However, if you’ll be sticking around for a few more years, you’ll be able to enjoy the benefits (and possible cost savings) of an HVAC system in your home.
What Kind Of Return On Investment Could I Get On My HVAC Unit When I Sell My Home?
While you’re unlikely to get your full return on investment, you might get as much as 20-30% back when you sell your home. Adding a new HVAC can increase in your home’s resale value, which will raise the overall market value.
The average cost of an HVAC system is roughly $10,000 or more including installation costs. Having a new HVAC could potentially add thousands of dollars (sometimes as much as $2,500-$3,000) to the selling price of the home, giving us the 20-30% ROI figure. In addition to the increase in monetary value, HVAC systems make your home more appealing to potential buyers too which could help to sell your home faster.
Always consult with your local real estate agent for a more accurate estimate based on your house’s condition, your neighborhood and the current real estate market.
Could An HVAC System Save Me Money On Monthly Bills?
Yes, a new central air conditioning system (HVAC system) can save you money on energy bills each month. These units are designed to be so much more efficient than typical air conditioner units (window units).
That, combined with the fact that many new HVAC units are many times more energy-efficient than even HVAC units from just 5-10 years ago, means there’s a chance you could see as much a 20-40% reduction in your energy costs & utility bills each month! Depending on the square footage of your home, your current monthly electric bill, and the energy efficiency of the new system, you might even pay back your initial investment in the first 8-10 years!
If you do get a new system, schedule regular maintenance to avoid costly repairs down the road. A well-maintained HVAC system will serve you well in the long run! It’s better to spend upfront to keep your system maintained and running efficiently instead of spending more on frequent repairs.
What’s My Best Next Step?
If you’ve been contemplating getting a new HVAC system installed in your home and you’re ready to take the next step, it’s time to get in contact with a certified HVAC installation contractor. If you’re in Montgomery County, Pennsylvania or surrounding areas, contact our team here at Young’s Home Comfort! Our skilled technicians are trained, certified, and highly experienced, and we offer free quotes, professional installation, and routine maintenance.
Make sure to choose a trustworthy contractor to install your new HVAC system. If not installed properly, it could void the system’s warranty or could cause you issues sooner than necessary.