When the time comes to sell your home, you want to ensure you get the highest value possible. Increasing this potential can be as easy as making minor aesthetic upgrades, such as painting the walls, or major changes such as a complete kitchen remodel. However, energy efficiency is one of the most impactful, and sometimes less considered, factors in increasing a home’s value. Naturally, heating and cooling systems use a significant amount of energy and, therefore, can be used as a springboard to help boost your home’s value.
A new HVAC system that reduces energy consumption, lowers utility bills, and reduces environmental impact is especially appealing to home buyers, particularly as energy costs rise. These units typically have a high Seasonal Energy Efficiency Ratio (SEER) and Energy Efficiency Ratio (EER), which means they use less energy to heat or cool your home.
On the other hand, if your HVAC system is old, outdated, and inefficient, it can be a significant turnoff to potential buyers. Homebuyers may see an outdated or malfunctioning system as an expense they will need to incur after purchase, which could result in a lower offer or a longer time on the market.
The more reliable the unit and low maintenance the system is, the better. Here are a few examples of HVAC systems that may be particularly appealing to homebuyers:
Energy-efficient systems heat and cool your home using less energy. The main drawback for most homeowners is the cost for one of these systems generally runs significantly higher than an average equivalent. The cost-savings in the long run tends to make these options worth it, however. Not only do you save on energy bills, the high-efficiency options function better for longer, usually extending the lifespan of the unit for several more years.
2. Smart HVAC systems:
Smart HVAC systems can be controlled remotely using a mobile app or other smart devices. They can adjust temperature settings based on your schedule, monitor energy consumption, and provide alerts if there are any issues with the system. Some even come with geofencing technology. Homebuyers who like a low-maintenance system will greatly appreciate this feature.
3. Zoned HVAC systems:
Zoned HVAC systems divides a home’s ductwork into smaller sections so each zone’s temperature can be controlled individually. Zoned systems appeal to homebuyers who value flexibility and customized comfort.
4. All of the above:
Many new high-efficiency HVAC systems come installed with brand specific smart thermostats and are zoned.
The Bottom Line
A new HVAC system can increase the value of your home from 5%-7% as well as provide around 60% return on your investment. In addition to the increase in monetary value, HVAC systems play a critical role in providing comfort for your family and should be valued as such regardless of whether or not you plan to sell tomorrow or many years down the line.
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If your question still needs answering or you’d like to schedule a consultation, contact the friendly team at Genove Oil & Air, and we’ll help you find the right solution for your home or business.