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upgrading your hvac system to help sell your homeWhen you’re getting ready to put your home on the market, there are often a lot of questions about how you can ask and receive the highest price possible. Many buyers today are looking for a house that’s move-in ready; updated kitchen and bathrooms, gleaming hardwood floors, and a fresh coat of paint tend to go a long way in increasing home value. However, there’s another thing to consider too: Upgrading your current HVAC system.

How an HVAC Upgrade Helps Ensure a Quick Sale

Generally speaking, if your current system is less than ten years old and is in fine working order, you don’t need to worry about replacing it to appeal to those potential buyers. Obviously, upgrading an HVAC system is major investment, and as the saying goes – “if it ain’t broke, don’t fix it.”

However, potential buyers do like to know that all the mechanicals in the home are working properly, and many buyers are also concerned with energy efficiency. If your current furnace and air conditioning unit are getting up there in years, there may be worries that they’ll have to replace it themselves in the next year or two. Plus, the system probably isn’t running as efficiently as today’s newer versions.

Prospective homebuyers are well aware that HVAC systems are not designed to last forever. And, while you might be somewhat hesitant to make such a large investment in a home you’ll be leaving, remember that the cost of the new system can be built into the sale price.

In fact, a study conducted in 2015 by the National Association of Realtors, called the Remodeling Impact Report, revealed that sellers can expect to recoup 71% of the cost of replacing their HVAC system. In other words, if the system cost $7,000 to replace, sellers will recover up to $5,000 of the costs when they put their home on the market.

Another great reason to upgrade your HVAC system is to increase home energy efficiency, which as mentioned before is something a lot of potential buyers are looking for in a new home. Today’s homebuyers are more financially savvy than those of the past, and they’ll be not only evaluating the cost of your home, but also how much they will have to invest in it after purchasing it. This means they’ll be adding up the monthly costs of keeping the home up and running, and some buyers may even ask to see some of your past utility bills.

There’s also something to be said for properly maintaining your current system. If you can produce invoices showing you’ve been staying on top of yearly maintenance checks, this can also help relieve some of the worries potential buyers may have about those future costs.

If you’re getting ready to put your home on the market and are ready to upgrade your HVAC system, contact our team of professionals today! If you’re in the Cleveland area, give us a call at 216-663-6462.