Whether you just bought a fixer-upper or plan to sell your family home, standing out in the housing market remains essential in real estate. Updating the kitchen, adding a bathroom, and finishing the basement bring tremendous value to your home. However, home buyers also look for updated necessities that keep the house running smoothly, like a new HVAC system.
If you ever wonder, “Does a new HVAC system increase home value?” trust Lubbock’s heating and cooling services to show you the possibilities. A new energy-efficient HVAC system creates a comfortable environment for your family to enjoy before selling your home in the near or distant future. Some homes may benefit from a total HVAC replacement, while others may only require partial replacement.
When To Consider a New HVAC System
Certain factors can indicate whether or not you should consider a new HVAC system to increase the value of your home. You can assess these factors on your own before working with an HVAC technician to understand what you may need.
A new HVAC system provides indoor comfort while increasing efficiency and saving money on monthly utility bills. Older HVAC systems may benefit most from a total replacement, while others may only need specific components replaced. Consulting with a professional HVAC company can help you understand the current state of your HVAC system and what you can do to increase your home’s overall value.
You should consider a new HVAC system if:
- Your current HVAC system is more than 15 years old
- Your HVAC system heats or cools your home unevenly, creating hot or cool pockets in certain areas
- You notice your monthly energy bills increasing
- You feel a reduction in indoor air quality
- Your HVAC system requires frequent repairs
Assess Your Current HVAC System
Assessing the state of your current HVAC system can help you determine how much value a new system will add to your home. Your HVAC system tolerates excessive use every year, with years of dust buildup and wear. Your HVAC system requires yearly maintenance to keep it running at peak performance.
Contact a professional HVAC technician to inspect the different components of your HVAC system. Your HVAC system has multiple parts, including the AC unit, ductwork, and a heater. Your system may only require a tune-up or replacement of specific components rather than a total replacement.
Benefits of HVAC Replacement
Replacing your old HVAC system will benefit your family and future home buyers. While the latter might not initially think about a home’s HVAC system, an old or broken one will undoubtedly decrease the value of your home. New and energy-efficient HVAC systems will always be desirable to any home buyer.
If you wonder, “Does a new HVAC system increase home value?” consider the following benefits:
- Save money on monthly energy bills
- Provide optimal heating and cooling for each room
- Increase the overall value of your home
- Add an attractive feature for prospective buyers to stand out in the housing market
The Cost of HVAC Replacement
Installing a new HVAC system before it stops working can give you time to choose the perfect model for your home. A new HVAC system could cost around $10,000 or more with a new AC unit, heating, and installation. A high-end, energy-efficient model might cost more up front but will last much longer and provide higher monthly savings than standard HVAC systems.
You should expect a return on investment for your new HVAC system to be between 3-5% of the value of your home. Climates that rely heavily on HVAC systems, such as those in extremely hot or cold regions, will benefit significantly from a new HVAC system.
Increase the Value of Your Home With a New HVAC System
Even if you don’t intend on selling your home anytime soon, upgrading your HVAC can help lower your energy bills, all while keeping your home at the perfect temperature. You can enjoy the comforts of your home even before you decide to put it on the market. Consider HVAC replacement now and see your investment repay you in the future.
Does a new HVAC system increase home value? No matter how you look at this question, the answer is always yes. Upgrading your HVAC system remains the best return on investment you can make for your home.