Central air conditioning is a highly sought-after feature that can add significant value to your home. In fact, according to a recent survey, 69% of homebuyers said that central air conditioning was a "very important" feature when searching for a new home. But just how much value does it add? And is it worth it to install A/C before selling your house? In this blog post, we'll explore those questions and more.
At least 87% of homes nationwide use air-conditioning. In 2018, consumer analysis found that homes with air-conditioning sold for 2.5% more than homes without. But premiums vary by location, and where you live also plays a huge role – in warmer weather areas buyers expect it.
For Sellers:
If you're considering selling your home, installing central air conditioning can be a smart investment. Homes with central air conditioning typically sell faster and for higher prices than those without it. In fact, some studies have shown that homes with central air conditioning can sell for up to 10% more than those without it.
But what if you don't want to go through the expense of installing A/C before putting your home on the market? In some cases, it may still be worth it. If your home is located in a hot climate or in an area where central air conditioning is the norm, not having it could be a dealbreaker for potential buyers. On the other hand, if you live in a cooler climate or in an area where A/C isn't as common, it may not be as big of a concern.
Ultimately, the decision to install central air conditioning before selling your home will depend on a variety of factors, including your budget, the local real estate market, and the preferences of potential buyers.
For Buyers:
If you're in the market for a new home, central air conditioning is definitely a feature worth considering. Not only will it keep you comfortable during the hot summer months, but it can also add value to your home in the long run.
However, it's important to keep in mind that not all homes with central air conditioning are created equal. Make sure to ask your real estate agent about the age and condition of the A/C unit, as well as any ongoing maintenance or repair costs that may be associated with it. In some cases, it may be worth investing in a home warranty that covers the A/C unit in case of any unexpected repairs.
In addition to central air conditioning, there are other features that can help keep your home cool and comfortable, such as ceiling fans, window coverings, and proper insulation. Make sure to ask your real estate agent about these features as well.
How much will installing central air cost you?
The average cost nationwide to install central air-conditioning is about $7,000, according to the renovation price guides on Fixr.com and HomeAdvisor.com. However, pricing varies by home size, the system’s energy efficiency, and your climate, among other factors. For example, you could pay from $5,000 to $12,000 to install central AC in a 2,000-square-foot home that has existing air ducts that are more than 15 years old.
Ductwork can be a challenge, depending on the age of your home and the architecture, Sophiea says. The average cost of installing or replacing ductwork alone costs about $1,138, or about $10 to $20 per linear foot. Without ductwork, installing a new central air system can range from $3,800 to $7,500.
Now let's discuss how you can protect your wallet during the installation process.
- Choose the Right Size System: It's crucial to purchase an HVAC system that is appropriately sized for your home. Bigger doesn't always mean better in this case. An HVAC system with a higher tonnage rating may cool your home quickly, but it might not remove as much humidity, resulting in less overall comfort. Opting for the right-sized system ensures optimal performance and comfort.
- Off-Season Discounts: Waiting until the winter months can lead to significant cost savings. Many HVAC repair and installation companies offer discounts during slower periods to boost revenues. By taking advantage of off-season discounts, you can reduce the installation costs of a new central air system.
- Maximize Efficiency: Although installing an efficient HVAC system may involve higher upfront costs, it can lead to long-term savings. Many states provide incentives to decrease central air costs and improve energy efficiency. Additionally, an efficient HVAC system helps lower monthly heating and cooling bills, further enhancing the value of your investment.
- Utilize Existing Air Ducts: If your home already has ductwork from an older HVAC system, you can save thousands of dollars on installation costs. Your contractor can connect the new central air system to the existing ducts, passing the savings on to you. However, it's essential to ensure that the existing ductwork is well-designed and free of leaks, so have your contractor inspect it prior to installation.
While not all cost-saving tips may apply to every homeowner, the aim is to maximize your investment by making wise choices during the initial installation process.
Conclusion:
Overall, central air conditioning is a valuable feature that can add both comfort and value to your home. If you're a seller, it may be worth considering installing A/C before putting your home on the market. And if you're a buyer, please don't hesitate to ask about the age and condition of the A/C unit, as well as any other features that can help keep your home cool and comfortable. With the right information and preparation, you can make an informed decision that will benefit you in the long run.
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