HVAC upgrades will always be a safe bet and a smart investment — and yet, these home improvements are some of the most commonly overlooked by homeowners and flippers. A prospective buyer probably won’t automatically walk away from a home without all the newest gadgets, but they won’t even look twice at a home that lacks basic heating and cooling abilities.
Therefore, you should take HVAC renovations quite seriously and make them a priority over new flooring, paint, and other aesthetic or luxury upgrades.
The National Association of Realtors (NAR) reports that HVAC remodels have a higher average return on investment than most other types of remodeling projects, yielding a return of up to 71%.
You’ll want to take into account the region, the age and size of your home, your budget, and the layout of your property. With these factors in mind, you can get an idea of your HVAC system upgrade options.
Is your current HVAC system in good working condition?
During the home-selling process, you can bet that people will ask you the age of your HVAC system. Was your system installed less than 10 years ago? If so,then it very likely has several good years of use left in it. Anything newer isn’t likely to make a difference in home value or offers from potential buyers. Anything older than 15 years old; however, will be a turnoff to buyers.
Can you get away with an HVAC repair instead of a replacement?
If your HVAC unit is less than 10 years old but functions like it needs to be upgraded, you might be able to get away with some simple repairs rather than a complete system overhaul.
It’s hard to go wrong with most basic HVAC upgrades. This is especially true if the home you’re renovating is more than 20 years old. Even though you may only recover 50% or less of certain HVAC investments, an upgrade could capture the interest of buyers and make it worth the purchase.
Replacing an old furnace or boiler is an easy upgrade that doesn’t require much labor. Most furnaces can last up to 15 years with proper maintenance, but most older heating appliances require frequent, pricey repairs and cost a lot to run. By switching to a new heating appliance, you conserve energy and improve the efficiency of your home’s heating system. This is attractive to potential buyers.
Fiberglass insulation only costs around $1,200 on average and yields a $1,400 return upon resale within a year of completion. Poor insulation is an easy fix and a low-risk investment that yields a 95% to 116% return. Properly insulated walls improve a home’s ability to regulate internal temperatures and reduce the demand on its HVAC system.
If you are replacing an old HVAC system with a more efficient one, you might need to upgrade your ductwork to accommodate it. Ductwork is made to last 25 years at the most, but it starts to degrade in about 15 years. Deterioration will reduce the efficiency of an HVAC system significantly. It’s a good idea to replace the ductwork if you plan to sell your home in the near future.
Approximately 35% of a home’s heat escapes through low-quality windows. Even if the walls of your home are highly insulated, it won’t do much good if the windows aren’t equally energy-efficient.
Doors and Weather Stripping
Another way to significantly improve your HVAC efficiency with minimal labor is to upgrade to energy-efficient doors and repair or replace any old weather stripping. Some of the most energy-efficient materials available for residential doors include fiberglass, steel, and vinyl. Try to avoid wood and glass if your goal is to prevent airflow.
After replacing your door, you should see a return of 75% to 91% of your investment upon resale, depending on the type of door you’ve chosen. When swapping out your door, don’t forget about the weather stripping. New weather stripping will ensure a tight seal around your doors and windows and prevent air leaks. This is one of the cheapest upgrades you can make to your home, ranging from $130 to $340.
People want to be comfortable in every room of their home all year long. Most homebuyers today consider central heating and air conditioning a standard feature rather than an upgrade. So,without it, you may struggle to sell your home. A central air installation can cost anywhere from $6,000 to 15,000, but it could increase your home value by up to 10%.
While the roof serves to protect everything under it, it’s also an important insulator. Inefficient roofing materials account for 25% of heat loss. Just by upgrading to modern, high-tech shingles, you can relieve a lot of the strain on your HVAC system and improve your indoor comfort. Asphalt shingles can lower a roof’s surface temperature by up to 50 degrees and increase home value by $12,000. Investing in a new roof might seem like a big expense, but it has been shown that you can recover 105% of the cost at resale.
You can count on the professionals at Central Carolina Air Conditioning, Plumbing, and Electrical to help you maximize your HVAC upgrades. Call us at 800.461.3010 or submit our scheduling form, to get started.