If you’re interested in replacing your furnace, you’ve likely heard the claims that upgrading your HVAC systems can increase your home’s value. Whether you want to sell your home soon or simply ensure you’re making a worthwhile investment, you’ve come to the right place. So, does a new furnace increase home value?
At Moreau’s Thermal Services, Inc., we provide expert furnace service in Slidell, LA. Below, our expert technicians discuss how a new HVAC unit can add value to your home.
How a New Furnace Will Impact Your Property
High-efficiency HVAC systems can impact your property in multiple ways. From helping you qualify for rebates and reducing energy bills to maintaining a more comfortable interior temperature, furnace replacements offer superior benefits, but do they increase your property value? Let’s explore below.
Does a New Furnace Increase Home Value?
Yes, but don’t expect replacing your furnace to immediately increase your property value by tens of thousands of dollars. Still, the upgrade will offer a slight boost. Home buyers often see outdated, inefficient, or ineffective HVAC systems as red flags when buying homes. Upgrading your furnace to a highly efficient, new model that allows the prospective buyer to enjoy energy savings and ideal comfort can give you more negotiation leverage during the sale.
When replacing your HVAC systems, you will often see a full return on investment. So, while your property value may not increase by a staggering level, it should jump enough for you to gain most (if not all) of what you spent on the unit. Many prospective buyers are simply willing to spend more on efficient homes with upgraded HVAC systems, so you can provide this by replacing your furnace now.
How a New Furnace Can Streamline the Selling Experience
So, does a furnace increase home value? Yes, though not by enough for you to see astounding profits. Luckily, the new system can help you streamline the selling experience.
When you sell your property, it must undergo a series of inspections and walk-throughs. If you don’t upgrade your HVAC system, your old furnace may get flagged during inspections, turning many potential buyers away. By replacing an outdated system, you can advertise this as a selling point to potential buyers, list your property for a slightly higher price, and easily pass HVAC inspections.
Benefits of Investing in a New Furnace
If you’re not ready to sell your home anytime soon, you can still gain numerous benefits by investing in a new furnace, including the following:
- Improved peace of mind: When replacing your furnace, you will no longer have to deal with the stress of random outages. You can trust your system to keep your home warm for many winters.
- Enhanced comfort: Modern furnaces provide far more powerful and effective heating than outdated solutions. You can enjoy comfortable, consistent warmth in every room of your home without any cold or hot spots.
- Reduced repair and maintenance costs: As furnaces begin failing, they often require frequent repairs and maintenance that can become quite expensive over time. Once you replace your unit, you can enjoy virtually maintenance-free operation, aside from simple filter changes and other easy tasks.
- Reduced energy consumption levels: The latest furnaces provide highly efficient heating, allowing you to enjoy a comfortable interior temperature at a fraction of your typical utility costs. Reduced energy consumption also means you can lower your home’s carbon footprint!
Are You Ready To Replace Your Furnace?
So, does a new furnace increase home value? Yes, but usually only by enough to cover your investment.
It may be time for furnace replacement services if your system is approaching the end of its lifespan, draining your energy bills, or frequently requiring repairs. Most systems only last around 10 to 30 years before needing replacement. We can also replace your HVAC!If you’re ready to reap the rewards of a new furnace, choose Slidell’s leading HVAC company. Contact Moreau’s Thermal Services, Inc., at (985) 781-6333 to schedule your furnace replacement.
