Do HVAC and plumbing upgrades actually increase your home's value?
Are you considering selling your home in the near future? While sprucing up your home's appearance with fresh paint and landscaping might be high on your list, have you thought about how your HVAC system could affect your home's resale value?
Believe us when we tell you that we have seen it. Upgrades, replacements, and installations of HVAC equipment, air purification systems, and water filtration systems enhance the appeal and value of your home.
The Importance of HVAC Systems in Home Sales:
Think about what potential buyers prioritize when searching for their dream home.
Comfort, energy efficiency, and indoor air quality are at the top of many lists. According to the National Association of Realtors (NAR), heating and cooling systems are among the top features that homebuyers consider essential. In a survey conducted by the NAR, 65% of homebuyers emphasized the importance of central air conditioning, while 68% favored homes with programmable thermostats. These numbers alone illustrate just how crucial HVAC systems are in the home-buying process.
Investing in HVAC Upgrades:
Research indicates that upgrading or installing new HVAC systems can yield a high return on investment. Replacing an outdated HVAC system can recoup up to 78% of the project cost in increased home value, according to Remodeling magazine's 2021 Cost vs. Value report.
Homes with energy-efficient features, including HVAC systems, can sell for up to 3.5% more than comparable non-energy-efficient homes.
The upfront cost of installing a new heating and cooling system may seem daunting, but the long-term benefits, both financially and in terms of home value, make it a worthwhile investment.
The Sales Boost of Energy Efficiency:
With rising awareness of environmental issues and increasing utility costs, buyers today are more inclined towards energy-efficient homes. Energy-efficient appliances, windows, and HVAC systems rank high on their wishlist. Not only do these features attract buyers, but they also lead to significant cost savings over time.
The U.S. Department of Energy says that heating and cooling account for nearly half of the average home's energy consumption. Opting for an energy-efficient HVAC system not only benefits the environment but also saves money for homeowners.
The more energy-efficient a home’s systems, the better the chance of selling it if it goes on the market.
The Rise of Smart Technology:
In today's digitally-driven world, smart home technology is gaining popularity among homeowners and homebuyers alike. Smart thermostats, in particular, are highly sought after for their convenience, energy-saving capabilities, and adaptability to homeowners' preferences.
Smart thermostats are like personal comfort concierges, after all.
Millennials, in particular, are willing to pay more for homes equipped with smart technology features, including smart HVAC systems. The allure of convenience and energy savings makes smart HVAC systems a desirable asset for homebuyers.
Indoor Air Quality Matters:
The pandemic changed everything.
People became more aware of what they were breathing in every day.
Beyond comfort and energy efficiency, indoor air quality is a critical consideration for buyers concerned about their family's health. The Environmental Protection Agency (EPA) ranks indoor air pollution among the top five environmental risks to public health. Therefore, homes with high-quality HVAC systems featuring advanced filtration, humidity control, and ventilation are more appealing to buyers prioritizing a healthy living environment.
The REME Halo kills 99.9% of all germs, including COVID.
Many homeowners, concerned about the well-being of their families, want the security and peace of mind that the REME Halo air filtration system offers.
The truth about tap water
While we may believe that our tap water is perfectly safe, recent changes to the EPA’s “acceptable” level of PFAS in our tap water show that much of the drinking water in America has been detrimental to our health.
A water filtration system like the Halo 5 Whole House Water filtration system can indeed enhance the perceived value of a home among buyers. A study conducted by the National Association of Home Builders (NAHB) shows that features related to water conservation and filtration, such as high-efficiency toilets and water filtration systems, ranked high on the list of desired features for homebuyers.
Real estate experts often note that installing water filtration systems can improve a home's marketability and attractiveness to potential buyers, potentially leading to a higher selling price or quicker sale.
ServiceOne is here for you
No matter whether you are planning to put your home on the market or stay there for years, ServiceOne Air Conditioning and Plumbing is here to help you make the most of your HVAC and plumbing systems.
Call us with questions about upgrades, maintenance, or repairs. Our professionals will provide you with ideas about how to enhance your home’s value – and your family’s well-being – with air conditioning, air purification and water filtration systems.
A home should be a haven for whoever lives there, and the more of a safe haven it is, the more valuable it is!