Many homeowners would love to install central air in their home but feel they can’t justify it in the long run. But keep this in mind: central air conditioning adds about 12 percent to the value of a home on average throughout the country, according to the National Association of Realtors.
If you are looking to sell your home in the future, installing central air may greatly help to place you above your competitors and get you a better deal on your home in the end. The following factors influence the return on investment you will get from installing a central air conditioning system in your home.
Depending on your location, and even neighborhood, buyers will come to expect certain things. If you are living in Arizona, you best believe that a potential buyer is going to assume central air conditioning. Here in Edmonton, air conditioning is appreciated during those hot July and August months but is considered more of a luxury item. Search homes in your area to see how much they are selling with and without central AC to see if it makes sense to get central air installed in your home.
The type of air conditioner you install will influence the return on investment you get at the time of selling your home. A basic, low-cost AC system is not going to add much value, especially if it is going up against more energy efficient models in comparable households. If you are looking to attain maximum ROI on your central air conditioning unit, going with a highly energy efficient model is the way to go. A highly efficient AC unit will help future homeowners save money on energy costs. This perk will increase the value of your home, and allows you to market your home as ‘green-friendly.’
When shopping for an air-conditioner, keep these three terms in mind:
If you aren’t planning on selling your home anytime soon, there is even more of a value-add to adding central AC. Not only will your home be easier to sell when the time comes, but you will get to enjoy the benefits of having AC while you are living there! The sooner you install an energy efficient central air conditioner, the sooner you will start to see the savings.
Installing a central air conditioning unit to your home, especially here in Edmonton where it is considered a luxury, will give you a competitive edge in the housing market. Still not sure if it’s worth it? Just take the cost of the AC unit, and compare it to the amount you could add on to your list price when it’s time to sell. If the value of the air conditioning is less than or even equal to, the extra money you could make on the sale of your home, it’s a good value!