When you make the decision to sell your home adding resale value is an important step. One of the best projects you can invest in is adding a new HVAC system, especially in Texas.
Is a New HVAC System Worth the Cost?
Most real estate experts agree that buyers expect the HVAC system in any home they consider to be working and well maintained. While you can only expect to recoup 35-50% of the initial cost of a new system in your sales price, replacing an older system could help to grab buyer interest – and that could be worth the entire sale.
An outdated system may detract buyers. While they may not even notice that the system in place is new, they will definitely notice if it is worn or broken. Here are some things to consider when trying to decide if getting a new HVAC system is worth the cost:
Will your ductwork need to be replaced or figured out? If the current HVAC system is more than 15 years old, there is a good chance that replacing it is going to require new ductwork too – and that can be an expense you never recoup.
Is your system in good working order? If so, a new one may not be necessary to make a sale.
Tips for Choosing a New System That Increases Your Home’s Value
Here are a few things to look at when buying one:
- Energy Efficiency – The more the new homeowners can save on heating and cooling costs, the more value they will place on the system.
- Go Small – Today’s modern HVAC systems use less space than ever before. By opting for a smaller unit you have the opportunity to open up space in your basement, which can add significant value to your home.
- Add a Heat Pump – This can make the system more efficient, thus increasing its value.
- Choosing the Right Size Unit – Always be careful to choose the right size system to accommodate the home’s square footage. Too small and the system will struggle to maintain the right temperature. Too big and you’ll be wasting money on both equipment and energy.
Should You Replace the Whole Unit or Just Certain Parts?
Several factors to consider when trying to decide if you should get a brand new system or if you just need to replace parts of the unit, consider these factors:
The age of the unit
If your unit is more than 20 years old, fixing it may not be enough to grab the buyer’s attention. Although replacement costs may be higher, it will likely be easier to sell your home with a newer unit.
How often do you use your heating and air conditioning unit? If you live in a mild climate where it is only utilized a few times a year, then you can likely get away with replacing individual parts. But, if you live in a region where the new homeowners will count on a good working system, then you may want to consider installing a new one.
Use the $5,000 rule
One way to figure out if your system can be fixed, or need not be replaced, is to take the age of the unit and multiply it by the projected repair cost. If the sum totals $5,000 or more, then it is best to replace the entire unit.
Always Hire a Professional
When installing a new HVAC system, be sure to hire a qualified professional to handle the job. You can schedule an appointment online with one of our licensed techs. Not only will you be assured that it will run properly for the new homeowners, but many warranties are contingent on professional installation. In the event, you install it yourself and the warranty becomes void, you could be responsible for ALL repair costs after the sale.