AC Service | Tricks To Increase Home Value
AC Service | When you’re putting your home on your market, you have to make many decisions about the relative cost/benefit of making certain upgrades throughout the house. Will a renovated master bath result in an offer high enough to offset to investment? The same analysis has to be done for your HVAC system. HVAC can be a deal-breaking point for some people, but not all upgrades will pay for themselves in a higher offer or faster turn-around time. Here, we break down the upgrades that are worth the investment versus the ones that aren’t.
WORTH IT: INSULATION AND WEATHERPROOFING
Regardless of how new your heating and air conditioning system, poor insulation will increase your energy costs dramatically. Hiring a professional to patch any leaks or gaps in your insulation is relatively inexpensive, and a good selling point to disclose to potential buyers. Sure it wouldn’t cost the buyer very much to do themselves, but it’s one less thing for them to deal with when they’re settling. That alone makes the upgrade appealing.
NOT WORTH IT: REPLACING A SYSTEM LESS THAN 10 YEARS OLD
If your system was first installed less than 10 years ago, you shouldn’t worry about replacing it unless it has other problems. The system still has several good years left in it, so it’s unlikely to cause buyers to lower their offer. Nor is the difference in efficiency between systems installed 10 years ago and today large enough to make a significant impact on the value of your home. You most likely won’t see an equal return on the investment it would take to overhaul your entire system.
WORTH IT: INSTALLING NEW WINDOWS
Installing double-paned windows can significantly impact monthly energy bills. They reduce heat transfer and drafts, and improve the overall efficiency of your heating system. Knowing that the house has been fitted with new windows will give your potential buyer confidence that they can expect long-term savings on their heating bills.
WORTH IT: UPDATING YOUR PLUMBING
If your home is still cranking water through old, rusty pipes, you can bet that will be noted by your appraiser—and will appear on the home inspection report provided to any potential buyer. In reality, re-piping your home is a lot less expensive that most people think, and it will mean a huge boost to the value of your home. Many buyers are easily scared off by the thought of having to replace something huge like the home’s plumbing system right after they move in.
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