Raising your home equity is a smart decision, especially if you ever plan on selling your property in Naples, TX. There are many ways to go about doing this, including making certain valuable upgrades to your HVAC system. In this article, we go over five HVAC upgrades that are actually worth your time and investment.
What’s Home Equity?
Think of home equity as the part of your house that you own, not your bank or financial institution. This is the portion you have already paid for rather than the portion your lender is still financing. You can raise your home equity in several ways, including continuing to make payments on your loan and by increasing the value of your home via upgrades.
Why HVAC Upgrades to Increase Home Equity?
When you think of increasing your home’s value, your mind probably jumps to upgrading the kitchen and bathrooms. These renovations boost value. But they can cost a lot of money and time. A properly functioning HVAC system is something every home needs. That means these upgrades will net you a good return and appeal to potential buyers from every walk of life.
Older low-quality single pane windows allow up to a third of the heat to escape from your home, even if everything else in your HVAC system is working as it should. Double- or even triple-pane windows are a home upgrade that makes sense and will increase the equity of your property. Most estimates place your recoup rate around 75%, though the specifics depend on which window style you choose.
Doors and Weatherproofing
Keeping the outside environment from making its way into your home is one easy way to make your HVAC system run more efficiently. It’ll also reduce wear and tear. Replacing the old wooden doors in your home with something more modern like steel or fiberglass will help prevent airflow into or out of the home, and it’s a pretty quick project that can net you a decent return. It’s best to update the weatherstripping seals around doors during the project as well for maximum savings and energy efficiency.
Better insulating your home is an HVAC upgrade that often yields a 100% return or even slightly better, depending on how much installation costs. This upgrade is very appealing to homebuyers since it helps the entire HVAC system function as it should, lowering utility bills. By having this done, you not only raise your home equity but also lower your monthly energy bills without a lot of upfront costs.
A New Furnace
This is one HVAC upgrade that’s only worth it under certain circumstances, like if you have an old furnace that’s constantly needing repairs. Replacing a newer furnace is going to waste money and really won’t increase the value of your home unless you switch from a standard gas furnace to something more high-ticket like a geothermal heating system. If your furnace is more than 15 years old, replacing it will raise your home equity and create a more comfortable home environment for you.
A New Roof
Though putting an entirely new set of shingles on your roof may seem like a big expense and an even bigger project, it’s worth it if you want an efficiently running HVAC system. A large portion of heat escapes via poorly shingled roofs, making it a smart upgrade if you want to lower utility bills. Plus, you can recoup almost, if not all, of the costs when it comes time to sell the house.
We believe our company is where your future comfort begins. You can count on us for furnace installation, repair and maintenance packages, for both residential and commercial properties in Naples. If you’re interested in learning how we can help raise your home equity through HVAC upgrades, give us a call today at Wood Air Conditioning & Plumbing.
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