Does Installing a New HVAC System Help With Home Equity?
Many different factors contribute to your home equity. Usually, you can calculate home equity with a simple equation by dividing the home’s current mortgage balance by the home’s market value. If you want to raise the value of your home, one of the fastest ways to increase it is to perform renovations such as installing a new HVAC system.
Here in California, where heat often reaches into the triple digits, a solid HVAC system is not only a commodity but a necessity. Honey's Air & Solar equips your home with a game-changing HVAC system backed up by our “No Stinger Promise” guarantee.
The Importance of HVAC Systems in California
These days, anyone looking to purchase a home in California is going to want an air conditioning system at the very least. Though locals know from experience the brutality of scorching California summers, many newcomers to the area from regions like the Midwest and even the Pacific Northwest are surprised by how intense the heat can get.
In Modesto and the surrounding areas, average temperatures climb up into the mid to high nineties in the middle of the summer season. It is not at all unheard of to have a few weeks out of the year where local temperatures soar into the 100-degree territory. Out-of-towners are also surprised to discover that heating systems are just as essential as cooling systems since nighttime temperatures in our climate fall as low as the 40s.
How Much Do HVAC Systems Improve Home Equity?
Upgrading your home with central air conditioning is estimated to increase your home value by up to 10%. In addition to raising the home’s value, modern HVAC systems help customers save up to 40% in cooling and heating costs compared to last-generation HVAC solutions.
According to a 2018 study by the United States Energy Information Administration (EIA), 87% of US homes have some form of air conditioning, though not all of them have central air conditioning or central heating. Upgrading from a portable AC or window unit to central air gives your home an even greater boost in value.
If you select the right HVAC solution for your home, the potential return on your investment is even greater. Modern HVAC systems do not take up as much space in the home, which leads to more usable space for potential buyers. Going too small means the HVAC unit will struggle with keeping all parts of the house cool or warm, so it is important to pick the right system for your situation.
What Type of HVAC System Should I Install?
Depending on how much square footage you have in your home, you might need a hefty AC to keep things cool. We sell and install the following Lennox® products:
- Air conditioners
- Heat pumps
- Packaged systems
One of the best ways to improve the overall value of your home with HVAC upgrades is to have a central air system installed in your home. Central air systems provide a consistent indoor temperature year-round in all weather conditions. Our host of central AC systems have a high standard of energy efficiency and are quiet and easy to operate. They provide even cooling throughout the entire home.
Central air systems provide the most effective circulation of cool air throughout your property. Because the system is located outside of your house, you’ll have more space inside of the home. Some units provide both heating and cooling while other units provide only cooling.
If you’re confused and don’t know where to start, we can help choose the right system for you. As a Dave Lennox Premier Dealer, Honey's Air & Solar has access to cutting-edge HVAC units that maintain the perfect indoor climate year-round.
Is It Worth Upgrading My Existing HVAC System?
If your HVAC system is already 10+ years old, you may already be sinking a lot of money into repairs and maintenance. Rather than waiting for the system to die, it is best to upgrade to a new system as soon as possible. Some homeowners can save up to $200 a year on their utility bills just from switching over to a newer, more efficient HVAC unit.
Before you try to install your system by yourself, an improperly installed HVAC system can reduce the system efficiency by up to 30%! Give your local Modesto-area HVAC experts a call and let insured, licensed professionals do it for you. We also offer indoor air quality services, water heaters, and more. Contact [company name] today.Tags: Home Equity