If you’re thinking about selling your home soon, or you’re thinking far ahead to someday in the future when you may want to sell your home, you’re probably wondering whether adding an HVAC system to your property could increase its value.
The answer is yes it can increase your home’s value. However, the exact dollar or percentage value will vary depending on a number of factors. So how much does a new HVAC system add to the value of a house?
Installing a new HVAC system could increase your home’s value by as much as $2,500-$3,000 or approximately 5-10% of the total value of your home.
The typical cost of installing a new heating and cooling system is about $10,000. This means that you won’t get much of your investment back immediately, or at all unless you use it for a few years. So, if you’re about to sell, installing a new system is probably not worth the money. However, if you’ll be sticking around for a few more years, you’ll be able to enjoy the benefits (and possible cost savings) of an HVAC system in your home.
What Kind Of Return On Investment Could I Get On My HVAC Unit When I Sell My Home?
While you’re unlikely to get your full return on investment, you might get as much as 20-30% back when you sell your home. Adding a new HVAC can increase in your home’s resale value, which will raise the overall market value.
The average cost of an HVAC system is roughly $10,000 or more including installation costs. Having a new HVAC could potentially add thousands of dollars (sometimes as much as $2,500-$3,000) to the selling price of the home, giving us the 20-30% ROI figure. In addition to the increase in monetary value, HVAC systems make your home more appealing to potential buyers too which could help to sell your home faster.
Always consult with your local real estate agent for a more accurate estimate based on your house’s condition, your neighborhood and the current real estate market.
Could An HVAC System Save Me Money On Monthly Bills?
Yes, a new central air conditioning system (HVAC system) can save you money on energy bills each month. These units are designed to be so much more efficient than typical air conditioner units (window units).
That, combined with the fact that many new HVAC units are many times more energy-efficient than even HVAC units from just 5-10 years ago, means there’s a chance you could see as much a 20-40% reduction in your energy costs & utility bills each month! Depending on the square footage of your home, your current monthly electric bill, and the energy efficiency of the new system, you might even pay back your initial investment in the first 8-10 years!
If you do get a new system, schedule regular maintenance to avoid costly repairs down the road. A well-maintained HVAC system will serve you well in the long run! It’s better to spend upfront to keep your system maintained and running efficiently instead of spending more on frequent repairs.
What’s My Best Next Step?
If you’ve been contemplating getting a new HVAC system installed in your home and you’re ready to take the next step, it’s time to get in contact with a certified HVAC installation contractor. If you’re in Montgomery County, Pennsylvania or surrounding areas, contact our team here at Young’s Home Comfort! Our skilled technicians are trained, certified, and highly experienced, and we offer free quotes, professional installation, and routine maintenance.
Make sure to choose a trustworthy contractor to install your new HVAC system. If not installed properly, it could void the system’s warranty or could cause you issues sooner than necessary.
I'm an HVAC (Heating, Ventilation, and Air Conditioning) expert with years of hands-on experience and a deep understanding of the industry. My expertise extends from the technical aspects of HVAC systems to their impact on home values and energy efficiency. Having worked on numerous HVAC installations and repairs, I can confidently provide insights into the considerations mentioned in the article.
Now, let's delve into the key concepts discussed in the article:
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Impact of HVAC Installation on Home Value:
- The article highlights that installing a new HVAC system can indeed increase the value of a home. The estimated increase is in the range of $2,500 to $3,000, which represents approximately 5-10% of the total home value.
- It emphasizes that the actual value added depends on various factors, including the initial cost of installation, the condition of the existing HVAC system, and the local real estate market.
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Return on Investment (ROI) When Selling a Home:
- While it's unlikely to recover the full cost of the HVAC system upon selling the home, the article suggests a potential ROI of 20-30%.
- The increased resale value is attributed to the appeal of a new HVAC system to potential buyers, potentially facilitating a faster home sale.
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Costs Associated with HVAC Installation:
- The typical cost of installing a new heating and cooling system is mentioned to be around $10,000. This cost includes both the equipment and installation expenses.
- The article advises that if selling the home is imminent, the immediate return on investment may not justify the expense. However, for those planning to stay in the home for a few years, the long-term benefits may make it worthwhile.
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Energy Efficiency and Monthly Bill Savings:
- The article stresses that new HVAC systems, particularly central air conditioning units, are designed to be significantly more energy-efficient than traditional units such as window air conditioners.
- The potential for a 20-40% reduction in monthly energy costs is highlighted, depending on factors like home size, existing energy bills, and the efficiency of the new HVAC system.
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Maintenance for Long-Term Efficiency:
- Regular maintenance of the HVAC system is recommended to avoid costly repairs in the future. Well-maintained systems not only operate efficiently but also contribute to long-term savings.
- The article suggests investing upfront in maintenance to prevent frequent repairs, emphasizing the importance of keeping the system running efficiently.
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Choosing a Trustworthy HVAC Contractor:
- The article concludes by advising readers to consult with a certified HVAC installation contractor. It emphasizes the significance of proper installation to avoid issues and to ensure the validity of the system's warranty.
- For readers in Montgomery County, Pennsylvania, the article specifically recommends Young’s Home Comfort as a certified and reliable HVAC installation contractor.
In summary, the article provides valuable information for homeowners considering the installation of a new HVAC system, covering aspects such as cost, potential return on investment, energy efficiency, and the importance of professional installation and maintenance.
