If you’re considering placing your house on the market, you’re well aware that selling a home is no easy task. While exciting, it can also be a confusing and stressful time. A home sale requires prepping your house for a new buyer—preferably without breaking the bank.
As you make maintenance decisions and consider what updates to make to your home, you might be wondering whether or not you should replace your HVAC unit before selling. Read on to learn about the impact of HVAC on property value and buying appeal.
Factors to Consider
If you’re selling your home and are unsure whether to replace your AC unit, consider the following questions:
- Does your unit still work?
- How old is your unit?
- What kind of refrigerant does your unit use?
- Is it within your budget to replace the unit?
- Are you willing to reduce your selling price because of an old AC unit?
- Is your AC still covered under its warranty?
- Have you performed regular maintenance on your unit?
- Have potential buyers expressed concerns or walked away because of the unit?
After answering these questions, you can begin to weigh the advantages and disadvantages of replacing your unit before selling and see what options are best for you.
Advantages of Replacing Your Unit
Replacing your AC unit and purchasing an entirely new HVAC system may seem expensive, but in some cases, it may be the best decision for your home.
Builds Buyer Trust
Replacing your unit and being proactive with repairs within your home shows the buyer you are responsible. Being a conscientious seller allows the buyer to trust all issues are taken care of and the house is in good condition.
Closes the Sale
Prospective buyers who are on the fence or unsure about the house because of potential improvements and repairs may be more inclined to close the sale with a new unit. Replacing your HVAC before selling your home may be the final deciding factor for buyers, and you may even recoup some of the cost.
Shows Modernity and Energy Efficiency
Installing a new energy-efficient AC unit can help show potential buyers your home is modern and well-maintained. Upgraded and energy-efficient appliances are benefits that could be promoted in listings. Plus, switching to high-efficiency air conditioners and taking other actions to keep your home cool could reduce energy use for air conditioning by 20% to 50%. This is a tremendous appeal for potential buyers, knowing that they’ll enjoy a lower monthly electrical bill.
The Positive Impact of HVAC on Property Value
While the value will be different for each home, it is estimated that by replacing your AC, you could get 10% or more back on your investment. Having a brand new HVAC system will undoubtedly raise your home’s value when compared to a home with an older HVAC system. Whether you are looking to increase efficiency, raise your home’s value, or simply have a more reliable HVAC system, there are several reasons a new AC may increase your home’s value:
- Turn-Key Appeal for Buyers: If you are looking to sell your home now or in the near future, potential buyers will be thrilled to know that your HVAC unit is new—less work and worry for them! However, if buyers foresee your run-down unit as a future problem, your AC may end up on the “negative” column of their pros and cons list.
- AC Maintenance: Regular maintenance of your unit, especially if it’s an older unit, will help retain your return on investment on your property value. Buyers want to know their potential AC system was well taken care of so they don’t have to deal with future repairs.
- Better HVAC Performance: Increasing your home’s comfort will always increase its value! Installing a new HVAC system can help improve its performance. Potential buyers will love the benefits such as better airflow, a quiet unit, healthier air quality, and more!
Disadvantages of Replacing Your Unit
While replacing your unit can help with the sale of your home, below are some reasons why forgoing replacement might be best for you.
Outside of Your Budget
Buying a new air conditioning unit may not be possible and outside of your budget. Whether you purchase a new unit or need to make changes to your home to accommodate an upgraded system, these changes can land you outside of your price range.
Better to Repair Instead of Replace
If your air conditioner still works but just needs some minor repairs, then why replace it entirely? Reaching out to an HVAC professional for service is the best option to help you find the right HVAC solution for your needs and budget.
If you ultimately decide you don’t want to replace your unit, it is important to make sure a licensed professional is maintaining it to avoid voiding your warranty and ensure it’s in good hands.
So, Should You Replace Your Unit? Comfort Temp Can Help.
The answer depends on the condition of your AC unit and what you’re willing to spend on home upgrades before you list your home. You want to offer your home in the best marketable position while maximizing your budget. If you’re deciding on whether or not to upgrade your current unit before placing your home on the market, contact our Comfort Temp team to help you make the right decision for your situation!
