HVAC Systems: How Do They Impact a Home's Property Value?

HVAC systems do more than just heat and cool your homes and offices. 

An updated and well maintained HVAC system
will increase your home's property value.

They play such an important role in your home that they even impact the value of the property. Homes that have a modern, top of the line HVAC system tends to fetch higher prices in the market compared to other similar properties in the area that have an old and inefficient HVAC system.

How the HVAC System Affects Property Value

Homeowners planning to list their property for sale tend to focus on various things such as updating fixtures and appliances, enhancing the curb appeal, painting the walls, changing the carpets, and doing other things that can enhance the appearance of the property. However, many homeowners do not pay attention to the heating and cooling system. It may be surprising to learn that the HVAC system can have a huge impact on the value of the property. Here are some ways in which the HVAC system can impact the value of your property.

Updating the HVAC System To Accommodate Additions

Many homeowners like to add a sunroom, bathroom, or convert an attic into a room to create additional space in the home. However, it is important to bear in mind that it is important to evaluate the HVAC system to check if it can handle the additional load. According to HVAC experts, it takes approximately 25 BTU to heat or cool a square foot of space. If the existing unit is already working to its full capacity, then you would need a new, larger HVAC system for optimal coverage. If you have added space, but your HVAC system does not support it, your buyers might not like it.

Fixing Drafts and Cold Corners

If the ductwork or venting is not installed properly, then the home may have drafts and cold rooms. This would also translate into higher energy bills. If any of these problems exists in your property, it is advisable that you have an HVAC technician come and inspect the vents and ducts. This will reveal all the problem areas, which can be repaired. Some simple repairs can bring back the ductwork to a good condition and help save a lot of money. This definitely has a positive impact on the property value.

HVAC and Insurance

The age of your HVAC system has an impact on insurance premiums. It is likely that the insurance company may charge you a higher premium if your HVAC system is older than a specific age. Older HVAC systems are not as energy efficient as modern ones, and may cost you more in energy bills, which potential buyers would not like.

It is also important to note that elements and harsh weather conditions can cause damage to external units. It may be necessary to conduct repairs, and in case of extensive damage, the homeowner might have to consider replacing the unit.

If you want to maintain the value of your property, it is important that you maintain your HVAC system. Poorly maintained and outdated HVAC systems can have an adverse impact on your home's property value. Call Scott-Lee Heating Company at (314) 756-9444 to learn about our HVAC maintenance program.

Photo credit: Allan Ferguson via Flickr