When planning a renovation project in preparation to sell your home, you want to make a renovation that will maximize your ROI. Even though HVAC upgrades will always be a safe bet and a smart investment, they are most commonly overlooked by homeowners and flippers. Today, we will walk you through why HVAC upgrades can boost the worth of your home.
An updated HVAC system is critical. While homebuyers won’t notice a brand-new HVAC system, they’ll definitely spot an old or broken one — and it might cost you the sale.
Your HVAC system is one of the most expensive appliances in your home. A prospective buyer most likely 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.
You might hesitate when you look into the costs, but 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%.
Knowing where to begin when deciding to upgrade the HVAC unit in a home you are about to sell can be difficult. Here are a couple questions you can ask yourself to ensure you are make an educated decision!
Is your current HVAC system still working well?
Is your home located in a stable climate that doesn't need heating and/or cooling?
Do you currently have energy-efficient HVAC units?
If you answered NO to all of these questions, then you need a new HVAC unit!