According to some estimations, having an AC system can add significant value to your property. Furthermore, properties with an air conditioning system are more likely to be rented out quickly if you own a rental property. To address your question, does air conditioning increase the value of your home? Yes, it increases the value and marketability of a home.
How Much Value Does a New Air Conditioning System Add to Your Home?
There are numerous schools of thought on the exact value an AC system adds to a home. According to industry experts, you should expect a 10% increase in the value of your property. With that being said, there are a few other things to consider. For example, an AC system won’t add much value if your property is located in an area where AC is unnecessary, such as a cooler climate. On the other hand, if you live in a scorching hot area throughout the summer, a robust AC system is likely to help sweeten the deal.
Does Air Conditioning Increase the Value of Your Home? Can an AC System Alone Close a Deal?
Another school of thought believes an updated pantry or a remodelled bathroom certainly helps to sign off on a deal with a prospective home buyer. They further iterate that these structural additions and upgrades will undoubtedly increase the value of a home more than an AC system. Furthermore, if, for example, the house in question is located in a highly residential neighbourhood, the prospective home buyer will most likely opt for the property. This is regardless of whether the house has air conditioning or not. Also, if the AC system in your home is over 20 years old, then home buyers will not count that as an added feature.
Should You Replace Your AC System Before Selling the House?
If your air conditioner is more than 20 years old, you should replace it before selling your home. Furthermore, purchasing a new AC system is preferable if the cost of fixing an AC unit exceeds that of a new unit. You can also repair specific sections of your air conditioning system rather than replace them fully. However, a qualified AC technician who will guarantee that the AC unit functions properly should attend to this.
Adding a new air conditioning system can increase the value of your home. However, buying and installing a new unit can be expensive. In hindsight, you will need to buy a new AC unit if your existing unit is more than 20 years old. However, carefully consider your options. In some cases, it’s possible to get by repairing or upgrading some HVAC system components to increase their efficiency. If this is the option you’d take, speak to RC Cooling. We’re a leading air conditioning service in Surrey, with a team of qualified experts to install and maintain domestic and commercial air conditioners. We also do air conditioning unit hire in Surrey. RC Cooling has been serving as a top air conditioning unit installation and maintenance contractor in Surrey, Sussex, and London since 2015.