In recent times, homeowners spend a significant amount of money on remodeling projects intending to increase the home’s equity. However, while most of these renovations focus on bathrooms and kitchens, there is one area that most individuals overlook; the HVAC. There are endless upgrades that can help maximize the ROI on your home. Making the wrong renovations can see you spend thousands of dollars on things that won’t appeal to home buyers.
But according to reports from The National Association of Realtors, HVAC upgrades can yield a return on investment of not less than 71%. This is more than what most upgrades can deliver. Additionally, the Department of Energy reiterated that having an energy-efficient HVAC system can see your home’s value increase by 5 to 8%. Therefore, prioritizing HVAC upgrades can be an excellent way to impact your home’s equity potentially make your home sell faster.
HVAC Upgrades That Can Help Increase Home Equity
Since replacing the HVAC system can be expensive, homeowners can focus on upgrading parts that improve functionality. You can repair or add HVAC parts that contribute to:
1. Improved Home Air Quality
You may furnish your kitchen with the latest marble countertops and faucets. They won’t matter to the home buyer if the air quality inside your home is compromised.
When conducting HVAC remodel, start by replacing or repairing parts that enhance air quality. Changing or adding air filters or even installing an energy recovery ventilator (ERV) can improve the quality of indoor air. It can also make your house more appealing to buyers.
2. Enhanced Energy efficiency
Since energy efficiency is increasingly becoming a consideration for new home buyers, improving your HVAC’s efficiency can help increase home equity, hence its resale value. For starters, you can equip your home with a programmable thermostat. This device lets you control your energy consumption as it allows you to regulate the indoor temperature using a smart device such as a mobile phone or tablet.
A zoning system is another upgrade that can help improve energy efficiency. The system allows homeowners to minimize energy usage by concentrating their energy use on often used areas. A perfect example of a zoning system is the Residential Variant Refrigerant Flow (VRF), a currently popular device in luxury homes.
3. Even Distribution of Heat
If your home doesn’t have a central air conditioner or furnace, you better install one since most home buyers are looking to buy such. Having a central heating and cooling system is one of the things that is likely to increase the attractiveness of your home. While having such a system installed requires that you upgrade the ductwork and install other accessories, it can significantly increase your house’s resale value.
What to Consider Before Updating Your HVAC
Before you make the HVAC upgrades, there a few things that you need to put into consideration.
Age of The HVAC System
With the lifespan of an HVAC system being placed somewhere between 12 and 15 years, age is an excellent guide on whether you need to upgrade a few parts or do a complete overhaul. If it has less than 10 years, you can do some minor repairs and a few updates, but you may need to replace the entire system if it has exceeded a decade.
Your Geographical Location
Heating and cooling requirements differ from one geographical location to the next. As such, the kind of upgrades you do should be based on your location’s climatic conditions. For instance, it wouldn’t make sense to replace the heating system if you stay in Southern California, where the local climate is predominantly hot.
Are you looking to do some HVAC upgrades or want to get more insights into how HVAC remodeling can increase your home’s equity? The team at Beebe Heating & Air Conditioning has got you covered. Contact us today, and let’s surprise you with our reliable, efficient, affordable, and expert service.