• Serving Savannah, Pooler, Richmond Hill, Hinesville and the Coastal Empire •
How to Add Home Equity Through HVAC Upgrades
Your house is more than your home. It also represents a pretty major financial investment. If you’re like most people, your house is actually your largest investment. For this reason, it’s important to keep your home value up. One day you will want to sell your home and make a profit above and beyond what you paid for it. This means keeping your home’s equity in mind when making purchases, repairs, and upgrades.
If you’re doing nothing to your home, it’s not rising in value. In fact, it is losing value because regularly needed maintenance and upgrades aren’t being done. Sitting around letting your house fall apart isn’t an option!
When you’re planning a renovation project, you will want to maximize ROI and avoid costly renovation mistakes. The key is knowing which upgrades will add the most value when it comes time to sell. Not everyone will like your style in the bathroom upgrade and not every buyer cares about hardwood floors. Everyone does care about being cool in the summer and warm in the winter! This is why HVAC upgrades will always be a safe bet and a smart investment.
Upgrades like fancy cabinets and new countertops are a nice upgrade to have, but a working HVAC system is critical for closing the sale. Most homebuyers won’t even consider putting an offer in on a house with an old or broken HVAC. If your system is on it’s last leg, it might cost you the sale. A prospective buyer probably won’t automatically walk away from a home without brand new floors or eco-friendly appliances, but you can know for sure they won’t even look twice at a house that lacks basic heating and cooling abilities.
It is clear that you should take HVAC renovations quite seriously. In fact, those in the real estate industry recommend you make them a priority over new flooring, paint, and other luxury upgrades done for aesthetic purposes. “I don’t want to have to pay for a new HVAC system!” you may be saying. This hesitation is understandable, but keep in mind that The National Association of Realtors (NAR) reports that HVAC remodels have a higher average return on investment than most other types of remodeling projects, yielding a return of up to 71%. To put this into a comparison, painting the exterior leads to a 55 percent ROI. The national average ROI for a major upscale kitchen remodel is almost 54%. That means you recoup only about $68,000 after spending around $126,000!
Those in the Savannah and Richmond Hill, GA have the licensed and trained HVAC technicians at JD Johler to trust with their home upgrades. Give us a call at (912) 445-2069 and let us know you’d like to make sure your home stays in tip-top shape. It is what is best for your family now, and for your asking price once it’s time to sell.
10275 Ford Ave, Suite C
Richmond Hill, Ga 31324
We also serve: Pooler GA & Savannah GA