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If you’ve been thinking of adding air conditioning to your home, you might want to consider how you’ll be getting more than increased comfort — you’ll also increase your home’s value. Appraisers commonly state that homes with air conditioning sell for as much as 10% more than homes without it. If you’ve been thinking about selling your home in the near future, adding air conditioning is a great way to boost its sale price.
So if you’re considering adding air conditioning to your home, it’s wise to examine which elements of the equipment matter most. How exactly does an AC system add value from a home appraisal standpoint? Which features should you be sure to include if boosting your home value is a top priority? In this article, we’ll uncover the answers to these questions so you can reap the rewards at closing.
Why Does Air Conditioning Increase Home Value?
Adding air conditioning to your home can improve its value in a number of ways. First, it makes your home more comfortable to live in, which is always a plus for potential buyers. Second, it can help to improve the air quality in your home, making it a healthier place to live. Third, it can help to reduce your energy costs, making your home more affordable to operate.
All of these factors can lead to a higher sales price when you eventually sell your home. So if you’re looking to improve your home’s value, air conditioning is a great place to start. But which areas of an air conditioning system should you focus your efforts on?
Which Elements Of An AC System Improve Home Value?
Investing in the installation of an AC unit system to increase the value of your home can be a daunting proposition. Considering that adding air conditioning can easily cost upwards of $5,000, you surely want to know you’re paying for the features that will deliver the best ROI at closing time. Here are the primary features you should consider when adding air conditioning to improve the value of your home.
Control System
With so many homes equipped for smart control systems, buyers expect the latest in air conditioning controls that are integrated with WiFi. Being able to access the temperature settings from a phone is essential to ensuring your home stands out as a convenient, modern home that’s easy to live in. Another aspect of newer Wi-Fi enabled controls for air conditioning is the ability to program the system to run at specific times, saving owners on energy costs. These are just two ways opting for smarter controls can help you get more for your air conditioning investment.
Energy Efficiency
Another significant feature of an air conditioning system that supports stronger home valuations is energy efficiency. The more efficient the system is, the less the buyer will have to allocate in their budget towards their electric bill. That means more room in the budget to buy your home.
Numerous factors contribute to how energy efficient an air conditioner is. The type of thermostat control plays a large role. But the equipment itself varies greatly in energy ratings. Systems like a wall AC unit, such as a PTAC Unit, are often effective for a smaller home, but larger homes will need far more efficient methods of air conditioning.
For example, a GeoThermal air conditioning system uses the earth’s core temperature to help regulate a home’s temperature. This leads to drastic reductions in electric requirements. However, these systems are also far more expensive to install, so the math needs to be carefully worked out to be certain you’ll earn back your investment when selling the home.
Built-In Humidifiers
Features that make your home easy to keep comfortable will help potential buyers justify a higher asking price. Many buyers will pay a premium for the luxury of being able to walk into a home without having to tackle improvement projects immediately.
If your area experiences extremely dry conditions frequently, opting for air conditioners with built-in humidifiers is a great way to attract buyers who care about the details. Homes that are at the higher-end of the market need every tiny detail attended to in order to earn a premium price. Built-in humidifiers are a perfect example of this.
Transferable Warranties
Finally, a major consideration for potential home buyers is the possibility of big repair expenses after the sale. One of the primary pieces of equipment that home inspectors examine is the air conditioning, heating, and ventilation system. For this reason, be sure the air conditioner you install has a transferable warranty. That way, you can put potential buyers’ minds at ease, helping you get the price your home deserves.
Learn More Ways To Improve Home Value
Hopefully we’ve helped you find some ways to get more money at the closing table for your home. Be sure to check out our other articles on home improvement to boost your home’s value even more!
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