If you’re planning on selling your home, you may be considering doing some renovations. In some cases, upgrading elements of your house can help to improve your return on investment. However, there are some types of upgrades that are too costly to make sense. If you’re looking for a smart investment, consider the possible HVAC upgrades for your home.
Many people looking to sell their homes overlook this area. However, if you think about it, heating and cooling play a major role in the comfort of a home. Instead of spending thousands of dollars on the kitchen or bathroom, working on the HVAC system may be your best bet. It can help you to sell your home faster and for more money. Let’s look at this in more detail.
Why Investing in Your Home’s HVAC System is a Smart Choice
Buyers may appreciate modern cabinets and new faucets in the bathroom. However, none of these is as important as the home’s HVAC system. If your air conditioning unit or furnace is old or broken, prospective home buyers will notice. They will likely walk away from the sale. If your HVAC system is older, consider prioritizing an upgrade. According to the National Association of Realtors, HVAC replacement brings a higher average return on investment than other interior projects. It can yield a return of as much as 71 percent.
Things to Consider When Thinking About HVAC Upgrades
Not all HVAC upgrades are equal. You’ll need to decide which ones are most important for your home and your ideal buyer. The age and size of your home and your budget must factor into your decision. Consulting with a professional HVAC technician in Greenville can assist you in making the right decision. In the meantime, ask yourself the following questions.
How Old is Your HVAC System?
If your HVAC system is less than ten years old, you probably don’t need to do anything. If all the components are working well, they should last for several more years. Upgrading the system is unlikely to improve the value of the home significantly. However, if your system is over 15 years old, it’s likely to be inefficient. This will be a turn off for buyers.
Would Repairs Be Enough?
If your HVAC unit is under ten years old but it’s not performing optimally, repairs may suffice. Bringing the unit up to standard should be both simple and relatively inexpensive. However, if it is older, completely overhauling the system is likely to be more cost-effective.
Is Your System Energy-Efficient?
Everyone wants to save as much as possible on their utility bills. Therefore, most buyers today want their homes to be energy efficient. Upgrading to energy-saving HVAC components can increase the resale value of your house. If your system was too small, too big, or too old, you need to upgrade. You may be able to benefit from tax incentives for upgrading your equipment.
Ways You Can Upgrade Your Heating and Cooling System
You may find it hard to decide which aspects of your system you want to upgrade. In many cases, even basic upgrades to old HVAC units can make a big difference. Some of the things you can consider updating are your:
Insulation is easy to install or replace and it is a low-risk investment. If you want to make a simple but effective change, this is a good option.
Furnace or Boiler
If your boiler or furnace is old, getting a new one will help you to make your home more efficient. This is an easy upgrade that won’t take much labor.
Central Heating and Air
People want to have comfortable temperatures in their homes all year-round. Central heating and cooling is considered a standard feature. If you don’t have it, getting your home off the market may be difficult. If you don’t upgrade, you may have to accept less money than you ask for.
If you decide to replace your old HVAC system instead of repairing it, you may also need to upgrade your ductwork.
Windows and Roof
If you’re willing to go a step further and upgrade elements beyond your HVAC system, consider your roof and windows. Even if your walls are well insulated, heat could be escaping. Up to 35 percent of a home’s heat leaves through the windows. Meanwhile, inefficient roofing materials are responsible for around 25 percent of heat loss.
Contact C&L Services Today to Discuss HVAC Upgrades
If you’re wondering about the smartest way to upgrade your HVAC system before you sell your home, let us help you. Our Greenville HVAC professionals will inspect your equipment and make recommendations to suit your goals and budget. Contact us today to get expert advice and workmanship.
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