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, but 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.
Compare that with the typical cost of installing a new central heating system at around $10,000 and it’s clear that you won’t get your full investment back if you install the system immediately before selling the home. So if you’re about to sell, it’s probably not worth the money installing a new system right away, but 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 from the increase in your home’s resale value.
The average cost of an HVAC system is roughly $10,000 or more including installation costs, and could add thousands of dollars (possibly as much as $2,500-$3,000) to the selling price of the home, which is where we get the 20-30% ROI figure. In addition to the increase in monetary value, these systems can make your home more appealing to potential buyers too which could help to sell your home faster.
That said, this is only an estimate and you should 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 because they are designed so much more efficiently 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 end up getting a new system, make sure to schedule regular maintenance to avoid costly repairs down the road which would eat into your savings. A well-maintained HVAC system will serve you well in the long run! It’s better to spend the money to keep your system running efficiently instead of having to shell out even more money later 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.
It’s important to choose a trustworthy contractor to install your new HVAC system because if it’s not installed properly it could void the system’s warranty or could cause you issues that need to be fixed or repaired sooner than necessary.