If you’re considering an upgrade, think about whether it’s worth the cost.
In Avon, roughly 42% of homes were built between 1970 and 1999. If you live in one of those homes and still have the original HVAC system, it’s probably time to replace it. But is a new HVAC system worth the cost, if you’re planning to sell your home? The answer to that question depends on several factors.
According to the National Association of Realtors’ 2019 Remodeling Impact Report, homeowners who replace their HVAC system before selling their home can expect to recoup about 85% of the cost. Other upgrades – such as refinished wood floors or remodeled kitchens – tend to have a higher return-on-investment.
Weighing Your Options
When you’re preparing to sell your home, your real estate agent may recommend that you repaint your home, replace fixtures, or repair anything that’s broken. As long as your HVAC system is functioning properly, and your agent doesn’t see a need to replace it, you can probably just have it serviced before listing your home. And don’t forget to tidy the area in your utility closet – a grimy furnace or dust on the floor may make your HVAC system look neglected.
Buyers who have concerns about an aging HVAC system may try to negotiate a lower price for your home, or ask you to pay a portion or all of the closing costs, to offset the cost of the HVAC upgrade or replacement. Your agent will work to secure the deal that’s best for you.
Timing Your Move
Another option to consider is how much longer you’ll be in your home. If you plan to sell your home in six months, and your existing HVAC system is well past its predicted lifespan, replacing it might be best – you’ll have time to enjoy the benefits of a new system and not have to worry about any surprise HVAC repair costs.
Just as buyers of used cars prefer to see evidence of regular maintenance, homebuyers want some reassurance that sellers have taken good care of the property. Stick to an annual maintenance schedule – it’s the best way to prolong the life of your HVAC system and to document its service history.
Are you due for maintenance? Contact HomePro today and ask about the perks we provide for our ongoing maintenance customers: (317) 271-2665.