Beyond Kitchen and Bathroom Renovations: Can an HVAC Upgrade Add Value to Your Home?

How can an HVAC upgrade increase your home's value? While you might think of kitchen remodels, additions, and similar projects as the mainstay of value-adding options, take a look at what you need to know about heating, cooling, and home improvement.

Do Only Kitchens and Bathroom Upgrades Sell Homes?

If only kitchens and bathrooms sell houses, what about the HVAC system? Are you ready to sell your home and want to boost its value? According to Remodeling's 2019 Cost vs. Value Report, a major kitchen remodel can add over $41,000 in value to your home and a bath renovation can add $20,868. Where does an HVAC replacement fall in this investment range?

The National Association of Realtors ranked the percentage of value recovered from the overall costs of top home remodeling projects. Even though kitchens and bathrooms can add significant value to your home, these upgrades have a 67 (kitchen upgrade), 58 (bathroom renovation), 52 (new bathroom) percent recoup value. In comparison, a full HVAC replacement has a 71 percent project cost recoup value.

A new HVAC system may not get you tens of thousands of additional sales dollars. But this upgrade can bring in more money than other home projects when compared to the initial investment cost. This means kitchens and bathrooms are not always the improvements to consider if you want to sell your home — or you want to sell your home for a higher price.

What Heating and Cooling Upgrades Can Increase Your Home's Value?

Now that you have reviewed the home improvement potential cost recoup and are ready to upgrade the HVAC system, take the next step. The best way to increase your home's value is with a full system replacement. Not only does this give the next owner a fresh start, but a new heating and cooling system can save them money over time.

According to the U.S. Department of Energy, a new high-efficiency cooling system uses 20 to 50 percent less energy than an older model. Likewise, a new furnace, boiler, or other type of heater can also decrease the amount of energy used. These types of energy reductions also decrease electricity, natural gas, or other HVAC-related costs.

Even though a full replacement may maximize your home's value, this is not the only upgrade to consider. If you do not have the home improvement budget to replace the entire system, you can make smaller investments.

A programmable thermostat can save the homeowner 10 percent annually, according to the U.S. Department of Energy. This upgrade is a lower cost option that may appeal to a home buyer's eco, energy, and financial needs. Add to the HVAC appeal and consider a smart thermostat. This integrated option offers a tech-savvy way to save money and control the system.

Other less costly (in comparison to a full replacement) HVAC options include filter upgrades, air filtration add-ons, a whole-home humidifier or de-humidifier, duct repairs, and an eco-friendly AC refrigerant retrofit.

Who Should Upgrade Your Home's HVAC System?

Whether you want to replace the entire system or make smaller value-adding improvements, these projects are all jobs for a professional. Failure to correctly install any component of the HVAC system could lead to a safety hazard, inefficiency, or premature wear. Add the most value to your home and choose a licensed, qualified HVAC contractor for the job.

Beyond the quality of the job, a DIY HVAC installation may invalidate a warranty. This can reduce the expected added value of the project.

Do you want to boost your home's value with an HVAC upgrade? Contact Henry's Service All today for more information.