Does a New HVAC System Really Boost Your Georgetown, GA, Home’s Value?

When you have an older HVAC system installed at your home, you might wonder about the right time to replace it. Of course, your comfort is priority number one when deciding on installing a new system. However, you might also wonder, does a new HVAC system increase home value?

Yes, a new system can give you a boost in value during a property appraisal. Our experts in cooling and heating services in Georgetown, GA, can help you learn more.

How Much Could a New HVAC System Increase Your Home’s Value in Georgetown, GA?

On average, a homeowner can expect an increase in home value of about $3,000 from installing a new HVAC system. The actual increase in value depends on a few separate factors, though.

Size of the Home

A larger home that requires a bigger HVAC system could see a greater increase in the home’s value. Potential buyers want to be confident that the larger home will be comfortable in every room. A new, large HVAC system can deliver the desired level of comfort.

Age of the Current Equipment

If you have a heating and air conditioning system that’s pushing 15 years of age, it’s close to the end of its normal lifespan. Replacing an older unit that might break down soon should boost your home’s value more than replacing a unit that’s a few years old. Home buyers simply want to feel confident that the HVAC system will last when moving into a new home.

Special Features in the HVAC System

Does a new HVAC system increase home value when it has eco-friendly features? Yes, an eco-friendly style of heating and cooling unit could make your home more appealing to buyers.

For example, you could install a new HVAC system that has features designed to reduce your monthly energy cost. Home buyers might be willing to increase the offer they make for your home with this type of system in place.

Focus on the Air Conditioning Features

In the Georgetown, GA, area, focusing on air conditioning features in the new HVAC system is important. Temperatures here rarely reach the freezing mark during winter, meaning homeowners don’t run the furnace very often. 

During summer, temperatures in the 90s with muggy humidity levels are common. Southwest Georgia has a humid subtropical climate, so you need your air conditioner to run frequently to reduce humidity in the home and keep you comfortable.

If you invest in an HVAC unit, pay particular attention to the unit’s cooling features. Potential home buyers in Georgetown won’t likely be as interested in special features in the furnace. They’ll run the furnace for such a small sliver of winter that it doesn’t contribute as much to the house’s value as the AC.

A New HVAC System Could Increase Your Home’s Value in the Competitive Georgetown, GA, Market

Although Georgetown doesn’t have a large population on its own, it is still part of a competitive home-selling market. Georgetown sits directly across Walter F. George Reservoir, also called Lake Eufaula, from Eufaula, AL. The Highway 82 bridge connects the two cities. 

Historians appreciate the Georgetown area. It was incorporated in 1859 and became the county seat of Quitman County. Serving as the county seat and the largest city in Quitman County makes the Georgetown housing market even more competitive.

Georgetown is home to multiple historic government buildings, including the Quitman County Courthouse and Quitman County Jail. 

A Replacement Heating and Cooling System Might Give Your Home an Edge in the Housing Market

Does a new HVAC system increase home value in a competitive market? The new heating and cooling system can make your property more appealing to house buyers. When buyers compare your Georgetown house to a house of a similar size in Eufaula, your new HVAC system might give you the edge.

Because the Georgetown-Eufaula area has multiple recreational opportunities along the waterfront, homes here are in high demand. If you are trying to sell your house here, you want to have as much of an edge in the market as possible.

What Is the ROI When I Install a New HVAC System To Try To Increase Home Value?

Although a new cooling and heating system can increase your home’s resale value, you probably won’t receive a 100% return on investment (ROI). 

The percentage of ROI you’re likely to see will heavily depend on the cost of the unit. A typical HVAC system costs about $9,000 to install in Georgetown. If you received a $3,000 boost in the property’s value from the new heating and cooling unit, you’d have a roughly 33% ROI.

If you install a cheaper HVAC unit or are in a highly competitive housing market situation, you might receive a higher ROI. However, you’re highly unlikely to come close to receiving a 100% ROI by installing a new heating and cooling system.

Should I Install a Small Volume HVAC System To Try To Save Money?

Does a new HVAC system increase home value if you simply choose the cheapest HVAC system you can buy? 

Installing a heating and cooling system that is too small to adequately serve your home’s square footage is not a good idea. The small unit won’t cool your house adequately. You won’t improve your home’s value, either.

A local property inspector will notice that the unit is too small to fit the house. The inspector might tell the home buyer to force you to pay for a larger HVAC system. Our heating and cooling experts can help you install an HVAC system that’s the right size for your house.

Will a New HVAC System Save Money on Energy Bills?

Does a new HVAC system increase home value by lowering your heating and cooling costs? Roughly half of your monthly energy bills relate to heating and cooling performance. A well-functioning HVAC system is important for reducing costs.

A newer heating and cooling system could reduce your monthly energy costs by 20% to 40% compared to an older unit. If a home buyer sees lower-than-average energy costs on your disclosure form, the buyer might offer more for the house.

Until you decide to sell the house, you’ll enjoy the lower monthly costs to heat and cool your house. You’ll also receive a higher level of comfort during Georgetown’s steamy summers with a new air conditioner.

Do High Energy Bills Affect Your Home’s Resale Value?

If a buyer has concerns about the energy costs to heat and cool the house, installing a new HVAC unit could be helpful. 

When you are preparing to sell your Georgetown, GA, house, you have to disclose information about the house. Listing the date of your HVAC system’s installation is one item on the disclosure form. You may also need to list your estimated heating and cooling costs per month.

If your costs are higher than average, a home buyer might have concerns. The buyer might wonder about the condition of your HVAC system. If the buyer decides it’s malfunctioning and causing the high energy costs, the buyer might make a lower offer or walk away from the property.