When it comes to increasing the value of your home, investing in a new HVAC system is one of the best decisions you can make. Not only will it increase the appraised value of your home, but it will also make it more attractive to potential buyers. Purchasing a new residence is a major investment, and having a well-maintained system can help you stand out from the competition. On the other hand, an outdated air conditioning unit can reduce the appraised value of your home.
Experts suggest a filter with a minimum efficiency rating (MERV) of 13 for residential air conditioning systems, but it's best to consult an installer to determine if your system is capable of doing so. Compared to other types of upgrades, installing new HVAC equipment is almost always the most financially sound decision. Scheduling regular maintenance services for your HVAC system shows that you put a lot of effort into caring for your home. But what about the air conditioning system? Will an old heating, ventilation and air conditioning system affect your home's property value? Well, that answer depends on several factors.
The age and condition of the unit are two major factors that will be taken into consideration when appraising your home. If the unit is outdated or in need of repair, it could negatively impact the appraised value of your home. On the other hand, if you have recently installed a new HVAC system or have kept up with regular maintenance services, it could increase the appraised value of your home. Installing a new air conditioning and heating unit can increase the value of your property by up to 10%.
A new HVAC system can also make your home more attractive to potential buyers, as they won't have to worry about replacing or repairing an old unit. It's important to keep up with regular maintenance services and replace any outdated units in order to maximize the value of your property.
