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When selling a house, you want to do everything in your power to make it as attractive as possible to prospective buyers. If your central air is outdated or non-existent, you may want to install a new unit to help increase your home’s resale value.
Increased resale value is one of the many benefits of installing central air. Central air efficiently and affordably cools your entire home and pays for itself through lowered utility bills and tax credits.
There are several factors that will contribute to central air increasing your home’s resale value.
Keep reading to discover the benefits of installing central air and how you can recoup the money you spent installing it
Installing Central Air
Central air is a key factor when selling a home. In areas that require air conditioning, installing central air is a great way to help increase your resale value.
Check to see if other homes in your area offer central air. If not, chances are your buyers will see this as a fantastic upgrade worth the price.
Potential home buyers look for houses that have major appliances updated, as these can often be costly to replace. Installing central air can run you anywhere from $3,000 to $7,000, depending on the size of the unit and scope of work needed.
Energy efficiency saves money in the long run, lowering utility bills. By installing a new central air unit you’ll cut monthly expenses while using a more efficient cooling system.
Make sure to point this out to potential buyers as an additional selling point.
If you add a heat pump, you’ll increase your system’s value even more, so make sure potential buyers are aware of this.
If you’ve made the decision to go green and install new air conditioning, you can expect to see an immediate return on your investment. Initially, this will come as a reduction in your monthly utilities.
Update your central air to a higher SEER rating and you can expect to see a 20%-40% savings. You can also expect to recoup 30%-50% of what you paid for the system and will stand out among other sellers who have old or non-existent central air units.
Don’t Forget About R-22
The R-22 refrigerant has been banned since January 1, 2020. The only way to find it is through any recycled stock. In short, old systems will need to be replaced.
Make sure to mention this to potential buyers. Not only will your new system be saving the ozone layer, but it’ll be much easier to service and maintain.
Getting Your Money’s Worth
Installing central air is an excellent way to lower utility bills, enjoy more comfortable indoor temperatures, and increase the resale value of your home.
You’ll give your home a competitive edge when listing it for sale and will recoup a big portion of the money you spent on the new system. Additionally, there are various tax credits given when updating/installing energy-efficient systems, putting even more money in your pocket.
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