You may be wondering if investing in a new HVAC system will increase your home’s value. The answer is YES! If you are planning on moving in the near future and your system is outdated, you will increase your chances of attracting a potential buyer with a new system. According to the National Association of Realtors, you have the opportunity to recoup 85% of the initial expense of a new system. Find out how an HVAC system can increase your home’s value below!
Opt for A More Efficient System
When replacing your system, opt for one with a higher SEER, Seasonal Energy Efficiency Rating, to lower monthly and yearly utility bills. The higher the SEER, the more efficient it will be, which is also more attractive to potential buyers. Especially if the buyer is environmentally friendly and wants to make a conscious effort to lower their carbon footprint. Not to mention, if you install a system that is considered ENERGY STAR Rated, which is considered the most efficient, you are eligible for a tax credit of up to $300.
Size of Model
Choosing the correct sized system for your home is essential to its daily function and overall performance. Having an appropriately sized unit allows it to properly heat and cool without straining the system. With that being said, having too large of a system not only wastes energy but also takes up an excessive amount of space. Once you have a technician determine the correct size for your home, it is ideal to search for a compact model. Compact models are enticing to new homeowners due to the space they save on the exterior of your home.
Consider Adding a Heat Pump
Adding a heat pump can increase the overall efficiency and value of your home, according to the School of Public Policy. You can add $10,000 to 17,000 to the overall premium of your home by installing a heat pump. Heat pumps are also energy efficient and will improve the functionality of your home throughout the winter and summer months.
Updating your home’s thermostat can not only increase your home’s efficiency but also increase the overall value of your home by 3 to 5%! Many older systems have the ability to support an updated thermostat which is an easy installation to increase the energy efficiency of your home. Smart thermostats have the ability to save you around $170 a year on utility bills while the initial expense of the device sits around $270.
If you are planning on selling your home in the next few years or investing in a property to resell, consider installing a new HVAC system. Not only will you be increasing the home’s efficiency, but you will be increasing the overall value of the property. Our AnyDay team is here every day to keep you comfortable. Give our team a call at (919) 276-0574 to schedule an appointment.