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The home that stays comfortable sells faster. This is the sentence our technicians keep repeating when someone asks us, “Hey, will installing a new HVAC system increase my home’s market value?” The short answer is yes. When you install a new HVAC system, your home looks more chic and offers more thermal comfort. This is what captures the attention of potential buyers and helps you get the best deal for your living place.
The benefits are not just limited to the resale value. If you plan to stay in your living place on your own, you still get a good return on your investment. In either case, it is a win-win. In this blog, we will walk you through how installing a new HVAC system increases your home’s value. The blog particularly educates homeowners in Pennsylvania and focuses on the conditions of this region.
Various studies and surveys confirmed that installing a new heating or cooling unit elevates a home’s value. Let’s have a look at some of those.
Knowing these facts and figures, you must be pretty sure that a new HVAC unit is a green signal to buyers. Many of our clients have shared they achieved 50% to 71% ROI for their new HVAC system.
After realizing that a new HVAC system truly increases a home’s market value, you must be wondering what actually creates this spike. Let’s explore the factors that are actually behind it.
Pennsylvania brings humid summers and frosty winters. There is always a risk of costly HVAC breakdowns amid intense weather. And on average, HVAC repairs in Pennsylvania cost above $150 for small issues. Larger complex problems may, however, cost above $1,000, or even more. Due to these higher repair costs and a higher risk of repairs with an old HVAC unit, buyers are less inclined to buy homes with old units. And this is where homes with new units sell faster and at good rates.
According to the U.S. Energy Information Administration (EIA), the average monthly energy bills in Pennsylvania are around $145. But a new high-efficiency HVAC system can decrease these bills by 20 to 50%. As these bills are paid every month, this reduction can save a lot annually. This is what most home buyers prefer, and that’s why they are willing to pay a higher amount for a home with a new unit.
New HVAC systems control humidity and air quality efficiently. There is a reduced risk of allergens and pollen entering your living space, as there is an efficient layer of purification. If the unit has some advanced IAQ features such as HEPA filters or UV lights, the risk of impure air inside is reduced to nearly zero. This is what attracts potential buyers and helps your home get sold at a high value.
If you have an old unit that is approaching 15 years and is frequently demanding energy bills, replacing it right before selling the home can be a smart move (explore signs for HVAC replacement here). This is because when buyers see a brand-new unit that was just installed and is still under warranty, they are more likely to pay a higher amount.
On the other hand, if your current HVAC system is not that old and doesn't demand repairs so often, replacing it won’t be a good decision. You might not get the revenue back just by elevating the price of the house.
A new HVAC unit is a green signal to buyers’ intent. It helps you close the deal at a higher price and faster. The factors behind this increase in the price are high demand for climate control in Pennsylvania, higher energy efficiency benefits with new HVAC systems, and improved indoor air quality. But not always replacing the HVAC before selling the home is a good decision. If your current HVAC is in good condition, offers reliable comfort, and demands fewer repairs, replacing it might not give you ROI back.
Contact Lehigh HVAC if you are up for a new HVAC installation at your PA home. Our technicians are certified, experienced, and professional. Get your quote today at 484-961-7044.
