HVAC System Upgrades That Increase Property Value
Our region has experienced several weather-related disasters and homeowners are repairing/remodeling homes at an astounding rate. When rehabbing existing homes, upgrades are generally the norm, but choosing HVAC System Upgrades that increase property value is a little tricky.
Most “upgrades” should be made for your convenience and taste since the new kitchen design you agonize over may be the first remodel project for the new buyer. So, add a new mudroom if it adds value to YOU, but the money you spend might not be recouped when you sell.
Upgrading Your HVAC is different.
According to a report by the National Association of Realtors, upgrades to your HVAC system could increase your home’s resale value by 10-15%. That’s significant. The National Association of Home Builders (NAHB) released a study titled What Home Buyers Really Want.
“First and foremost, energy-efficiency. . .. Nine out of ten buyers would rather buy a home with energy-efficient features and permanently lower utility bills than one without those features that cost 2% to 3% less.”
When making upgrades, consult the Environmental Protection Agency’s (EPA) Energy Star Certification program (energystar.gov). Building science can be applied to consumer decisions, resulting in homes and apartments that are efficient, environmentally friendly, comfortable, and cost-effective.
Energy Star-certified homes are 10 to 20% more energy efficient than the average home and prospective buyers consider the Energy Star rating of a home “an essential/must-have” or “very desirable.” Examples of energy-saving tips include:
While new tile around the pool or a barn door entrance to the den might seem like upgrades with profit potential, do it for your family. Invest in your HVAC system to add resale value to your home.
Adding HVAC system upgrades to your home can significantly increase the value of your home. Not sure where to start with your HVAC system upgrades? Northwind Air Conditioning and Heat can help you with your HVAC system upgrades contact us and get the answers you need.