There are lots of ways to increase the value of your home and make you more money e.g adding a swimming pool, adding style in rooms, opening up the floor plan, using a more appealing paint for your home etc. But have you ever wondered if a new HVAC system could add any resale value to your home?
If you’re planning on reselling your home soon, let’s say in the next 5 years, it’s vital to consider whether your renovation costs will increase the value of the home. So how much does a new HVAC system add to the value of a house?
Are HVAC upgrades to increase home value worth it?
How much value does HVAC add to the house? Well, there’s no exact and direct answer to that question but most real estate specialists agree that you should expect a 35-50% return on investment (ROI). Furthermore, a new HVAC system in a home can get buyers more interested in buying the house and hence close the sale. An old HVAC system in a home may detract potential buyers.
If you’re unaware of the HVAC upgrades to increase home value, here’s what to consider:
- Is it mandatory in your home area to have air conditioning? If not, you won’t see any need of acquiring a new one.
- Will your system require new ductwork? If yes, consider the expenses of replacing it.
- Is your HVAC system working optimally? If yes, acquiring a new one may not be necessary.