Replacing Your Furnace to Improve Your Home’s Appeal
July 25, 2023
If you are planning to put your home on the market, it’s important to consider all the factors that affect the value of your home before you list it. Your HVAC system can play an important role in the final sale price of your home. Keep reading to find out how replacing your furnace may improve your home’s appeal and influence buyers to offer the price you want for your property.
Disadvantages of an Older Furnace
If your furnace is more than 25 years old, it is nearing the end of its useful lifetime. While replacing your furnace just before you plan to sell your home may not seem like a good investment, neglecting to replace an older system can lower the final sale price of your home. An aging furnace is often a turn-off for potential buyers, most of whom want to purchase a home knowing they will not need to make any large upgrades for some time. Knowing upfront that the furnace will need replacing in the near future may cause buyers to pass over your house for a property with newer features. Additionally, older furnaces are less efficient than newer models, which could end up costing homeowners more money to achieve a comfortable home. Today, many buyers are looking for ways to save money in the long run, and an inefficient furnace will not appeal to those looking for greener, money-saving features in their new living space.
Advantages of Replacing Your Furnace
Replacing an older furnace with a newer energy-efficient model offers both short-term and long-term benefits. Heating accounts for up to one third of any home’s annual utility costs. If you are planning to stay in your home for some time before selling it, replacing your furnace could offer immediate energy savings that you can enjoy for as long as you remain in your home. An aging furnace is also more likely to break down while you are still in your home, resulting in added repair costs after which you may still need to replace the unit if it fails completely. Even if you plan to sell your home immediately, replacing an older furnace can still save you money. A newer furnace can attract more buyers and may speed the sale of your home, reducing worry and stress associated with this process. If you have already purchased your new home, a faster sale can save you money by reducing the time you are paying a double mortgage.
A new furnace is a valuable investment whether you are planning to sell your home immediately or a few years down the road. You can read more articles about the benefits of today’s energy-efficient heating and cooling systems on our blog. Check out our website to explore your heating options in Columbus or to contact a professional heating expert for more information.