Remodeling a home is a great way to add value, though you will only earn back part of the investment, such as about 59% on a full kitchen remodel, according to Remodeling Magazine. While the returns for many home improvement projects are falling, the returns for HVAC upgrades are staying relatively stable at about 71%, according to the National Association of Realtors. If you are planning to sell your home within the next few years, HVAC upgrades may be well worth the investment.
Why Are HVAC Upgrades Important?
A new HVAC system is not much of a selling point on its own. Buyers simply expect it to be there and working properly. But if you have an old, ratty-looking HVAC system, it will definitely turn potential buyers off. No one wants to spend thousands of dollars for a new HVAC system just months after they have purchased a new home.
Replacing your furnace and air conditioning system can be a good way to ease the mind of potential buyers and add a bit of value to your home. Upgrading to high-efficiency HVAC equipment can also make buyers take notice. If they know that they will have lower utility bills over the life of the system, that can be a selling point.
Valuable Upgrades That Can Improve HVAC Performance
In addition to upgrading to modern, efficient HVAC equipment, there are other projects that can help reduce energy costs and add value to your Minneapolis-St. Paul home. These include:
- Adding Insulation: If your home lacks the recommended amount of insulation for the area, upgrading can cut energy costs significantly while improving HVAC performance. Plus, adding is one of the few home improvement projects that have a nearly 100% return, according to Remodeling Magazine.
- Replacing Your Windows: If your windows are older single-pane or non-insulated glass models, replacing them can significantly improve the efficiency of your home. Up to 74% of the energy used for heating can be reclaimed, and up to 73% of the investment can be earned back when you sell.
- Replacing the Roof: An old, tired roof can allow heat to escape your home during the winter, and if it no longer sheds water properly, water damage can occur from leaks. A new roof is a great investment and it can earn up to a 105% return on your investment.
- Adding a Smart Thermostat: A quality smart thermostat can not only reduce your heating and cooling costs significantly but, when properly installed, it can add an extraordinary about of value to your home, often in the thousands, according to Consumer Reports.
HVAC Installations & Upgrades in Minneapolis-St. Paul, MN
Whether you are planning to sell your home or you would simply like to improve your comfort, HVAC upgrades can make a huge difference. To learn which HVAC equipment would make the largest improvements in the comfort of your Minneapolis home, talk to our experts at HomeWorks. We offer new heating and air conditioning installations, HVAC replacements, HVAC upgrades, smart thermostats, and more. We can also keep your HVAC equipment running as efficiently as possible with HVAC maintenance, repairs, and our comprehensive maintenance program, “The Works Plan.”
To schedule HVAC services in the Minneapolis-St. Paul area today call (651) 300-4415 or contact us online. We serve Minneapolis, Edina, Bloomington, Lauderdale, Falcon Heights, and the surrounding communities.