How to Build Home Equity Through HVAC Upgrades

April 15, 2021 6:27 pm Published by Leave your thoughts

Remodeling your home is an exciting prospect that can add value to your property—but only if you choose the right upgrades. Getting a good return on your investment means you need to choose your projects carefully. One of the best upgrades you can get is a new HVAC system in Bridgeport, CT.

Here are some reasons to consider adding home equity through HVAC upgrades.

Why invest in a new HVAC system?

Connecticut winters are cold, and the summers are hot and humid—the last thing any home buyer wants is a house without functioning heating and cooling. Although a new HVAC system might not look as shiny and pretty as a new kitchen or bathroom upgrade, buyers will be turned off if they know they’ll have to pay more to replace the HVAC soon after they move in.

When you’re planning your remodeling budget, it’s smart to think about putting in a new HVAC system at the same time. A new HVAC system nets a return of about 71 percent of what you put in. Plus, there may be state and federal rebates available when you invest in a new energy-efficient model.

What to consider when upgrading your HVAC unit

Here’s a closer look at some of the questions to ask yourself if you’re thinking of hiring an HVAC company in Bridgeport, CT to upgrade your system:

  • How old is your current system? Most HVAC units last around 15 to 20 years. If your system is getting close to the 15-year mark, it’s time to replace it. Not only will you be more comfortable as you continue to live in the house, but it’ll be a selling point when you decide to move to another home.
  • Is your system still working well? Regardless of its age, it’s worth considering whether your HVAC system is functioning properly. Even if you have a relatively new system, if it’s cheap, inefficient or constantly malfunctioning, you might consider replacing it.
  • Can you repair instead of replace? Sometimes your unit simply needs a good tune-up or component replacement. In that case, you might be able to repair it instead of getting a whole new system. An easy way to tell is to multiply the age of your HVAC unit by the cost of the repairs it needs. If that number is over $5,000, it’s best to replace the entire system.
  • Do you already have an energy-efficient system? Finally, consider energy-efficient units. Not only are they better for the environment, but there are often rebates and other incentives to install one. On top of that, energy-efficient units will save you money over time. Not only will you get a good ROI when you sell your home, but your new system can save you some serious cash over the next few years.

As you can see, getting a new HVAC system is a wise investment—and since summer is right around the corner, now is the perfect time to have one installed. BLM Refrigeration Heating & Air Conditioning is a local HVAC company in Bridgeport, CT. Call us today to learn more about our sales and service options.

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