Though HVAC upgrades might not be the first project that comes to mind when planning to increase home equity, it’s one of those most overlooked features around the house that offers high ROI (Return On Investment). It gives high levels of satisfaction during the hot and cold seasons by making your family comfortable, but it also increases your home’s equity significantly.
HVAC Upgrades go Hand in Hand With Boosting Home Equity
It’s a consensus among experts that upgrading your HVAC system will help you sell your home faster — especially in specific geographical locations. But whichever situation you find yourself in, the key to maximizing high ROI and avoiding unnecessary costly renovations is knowing which particular upgrades will bring in the most value.
Nowadays, potential buyers are cautious about choosing the right property for them. They expect that all systems, especially the HVAC system, to be working well, and in good condition. Anything less than that is a sign for them to back away, not even consider your property.
The bottom line is that anything that improves the condition of a home potentially increases its home equity. Putting any upgrades or additions on your home is one of many examples that drives up home equity. Any enhancements to your HVAC system puts you in the right direction to increase home equity.
Upgrades To Consider On Your HVAC System
There are current debates that more common ventures such as a newly remodeled kitchen or bathroom are the best choice for increasing home equity. However, how can a prospective buyer savor the luxury of enjoying them when the comfort levels around the house are low? Consequently, buyers usually look first at the actual condition of the HVAC system. Having one in good condition increases the equity of your home, but it also offers high levels of comfort for your family.
During resale, buyers wouldn’t even bother checking your property twice if they find out that it doesn’t have decent heating and cooling capabilities. To be noticed, have your HVAC system upgraded accordingly. Here are some HVAC upgrades that you should be considering:
Upgrade The Whole HVAC System
Today’s best HVAC systems use 30% to 50% less energy to produce the same amount of heating and cooling as compared to those made a decade ago. If you had one installed ten years ago, you could save 20% to 40% in energy costs by replacing it with a newer, more efficient model. Though more modern models have high upfront costs, cutting your energy costs significantly the unit will pay for itself in a short period. Not to mention that these savings can be interpreted as increased home equity.
Upgrade The Air Filtration
If your family suffers from unexplained asthma or allergies, no matter the time of year, your condition could be aggravated by poor indoor air quality. Upgrading the air filters will prevent your family from suffering from asthma or allergies. It will increase the functionality of the whole HVAC system — which translates into higher home equity.
Upgrade The Insulation
Considered as an easy upgrade option, insulation work is not labor-intensive and is relatively cheap. Properly insulated homes reduce the strain on the HVAC system by retaining cold and hot air inside the house allowing the system to work at optimum levels. It also allows the system to work efficiently for prolonged periods — lowering your energy costs. Investing in insulation upgrades gives you a 110% ROI.
Upgrade The Windows
Low-quality windows don’t retain heat or cold efficiently as compared to energy-efficient windows such as double or triple-paned insulated windows. Nearly 30% of a home’s temperature dissipates through low-quality windows. Regardless of your location, efficient windows should be included in your upgrade options.