When preparing your home for resale, you want to make it as marketable as possible. It can help to take some steps to spruce things up—a minor fix here, a little paint there, anything to add aesthetic value to your home. However, some things will make a bigger difference to the bottom line than others.
Your HVAC system is one of the most vital mechanical systems to check when considering the things to upgrade before selling your home. You don’t want to jeopardize your chances of winning a contract should an inspector uncover costly HVAC issues. What’s more, no prospective buyer would want to incur more expenses shortly after moving in.
Will Your HVAC Unit Affect Your Home Value?
Yes. The state of your HVAC system plays a significant role in your home’s market value. Purchasing a new home is a considerable investment, and a well-maintained system can help you stand out. On the flip side, an outdated HVAC system can lower your home’s appraisal value.
Read on to learn more about how your HVAC system can affect your home’s resale value.
Comfort During Home Tours
One of the essential things to keep in mind is that your system can provide comfort during home tours. If your HVAC system is too old, potential buyers will typically learn this during a home inspection or when asking about your home. While some buyers might overlook this, it can be a turn off to other prospective buyers.
This may mean less competition for your property and even possibly a lower selling price. Savvy buyers will ask about an HVAC system because the price of heating and cooling utilities is often the highest cost of maintaining a house. That’s why having an HVAC system in top shape can set the stage for getting more potential clients.
Selling Disclosures Might Turn Off Prospective Buyers
The home-selling process is regulated to be as transparent as possible. This helps prevent financial mistakes from happening. That’s why you’ll have to present the selling disclosure to a buyer before the transaction closes.
Your HVAC system’s age is one of the components that appears on these disclosures. This means prospective buyers will know of the age of your system. So, even if your older system works well, some buyers might still be turned away once they realize how old your HVAC system is because it may require a replacement in the first few years of their ownership.
Boost Confidence That Your Property Is in Good Condition
Scheduling regular maintenance services for your HVAC system shows that you put much effort into taking care of your home. It’s always wise to have a record of all the maintenance services for the past few years.
In addition to keeping your heating and cooling condition in top condition, preventive maintenance foresees the remaining lifespan of the unit and the likely issues to come. Often, an older unit with a good history of maintenance will be enough to convince a buyer that the HVAC has been taken care of.
Boost the Selling Price
Although an old system might be a liability when setting the selling price, a new, energy-efficient one might prove to be an asset by boosting the selling price. This is because you can use the new system to your advantage by advertising its energy savings compared to other similar homes.
If you find buyers looking for the total package, your energy-efficient system could be among the features that make them put an offer on your property.
More Interest From Prospective Buyers
When potential buyers go through online listings of real estates for sale, they’ll probably peruse the features. Here, home agents typically mention what sets a specific house apart from other homes for sale.
If your listing contains new HVAC systems, this could attract more prospective buyers to purchase it. This is especially true if you’ve chosen an energy-efficient, green or smart system. They’ll have peace of mind knowing that they’ll enjoy a comfortable environment from the moment they get into their new home. Most manufacturers provide transferable warranties, so the new homeowner will benefit from that too.
Fewer Requests for Remedies
Once a seller accepts an offer from a buyer, there are several contingencies before the transaction is completed. This includes inspection, funding, and appraisal. If the home’s HVAC system needs repair or is too old, the buyer will likely ask you to fix it.
That can give you a hard time, mostly when selling the house during the busy times in a year. It will take you a while to replace the heating and cooling system or call in a technician to repair it. Handling such issues with your unit before listing your property for sale means you’ll have fewer requests for remedies to deal with.
Faster Home Transaction Closing Time
If your air conditioning or heating system needs repair services, it comes with a lot of inconveniences. For instance, it might delay closing the deal with a potential buyer. This is also true when waiting for a technician to install replacement equipment.
Some contractors may not have your system’s parts in stock. That’s why you always need to plan earlier. Have your system installed or replaced before listing your home for sale. You can check for tears in the ductwork, leaks, or any other repairs that could negatively affect the system’s performance.
Increases the Appeal of an Energy-Efficient Home
Making your home more energy-efficient is another way a well-maintained HVAC system can help boost your property’s resale value. In most cases, you’ll find home buyers are more concerned about the utility bills they have to pay while using the system. New cooling and heating systems, especially those with ENERGY STAR certification, result in low cooling and heating costs.
If the new homeowner will need to buy home appliances, furniture, and other costly items, cash flow becomes essential. Therefore, if the HVAC system is energy-efficient, the buyer will probably put an offer on it.
Carbon footprint is also something that homebuyers may be concerned with. An efficient system with an energy recovery ventilator, variable-speed motor, and comfort zoning will burn less fossil fuel to maintain the house’s desired temperatures.
Increases Initial Offers on Your Home
If you recently installed a new heating and cooling system, there will be a higher resale value on your home than if the AC is over 15 years old, and you haven’t replaced the furnace for 20 years.
If your system is past its useful lifespan and has been giving you trouble, you might not recover all the costs of replacing it. However, you can rest assured of getting higher initial offers. This can work to your advantage since it can lead to increased competition on the market and produce better overall results.
When installing a new unit, you should go for a reputable brand that buyers have heard of. This can hold more perceived value than installing a less-popular brand. You can also consult a trusted technician to help you choose the right size heating and cooling system for your home.
Reliable HVAC Services
Beyer Air Conditioning & Heating has been the leading residential AC company in San Antonio for over 25 years. From AC repairs and maintenance to AC installations and replacements, we can handle it all. As a family-owned and -operated business, we treat our customers as part of our extended family.
With over 40 years of collective experience, our certified and well-trained technicians can accommodate your heating and cooling needs. We always strive to offer prompt service so you can get back to your busy schedule.
Are you interested in learning more about how HVAC systems can affect your home’s resale value? Contact the experts at Beyer Air Conditioning & Heating today.