Renovating your home gives you the chance to make improvements in style and quality of living. In addition, some renovations can even increase the equity of your home. Upgrading your HVAC system is one of the best investments you can make.

HVAC Upgrades & Home Equity

Home Equity

This term refers to the difference between your home's worth and how much you still owe on your mortgage. If your mortgage has $75,000 remaining on it and your home is now valued at $150,000, then you would have $75,000 in equity. Building your home equity is a long-term strategy for increasing your financial health.

How HVAC Upgrades Help

In addition to improving your quality of life, upgraded HVAC systems also help build home equity. The National Association of Realtors reports that HVAC upgrades have a higher average return on investment (ROI) compared to other types of remodeling projects, with a return of up to 71%.  A survey in Remodeling Magazine found that other home renovations have a return of around 56%.

Best Types of Upgrades

If your home does not already have central air and heating, then this is the first upgrade to make. Homes with central air see an increase in value of around 10%. Central air and heating also improve the quality of air in the house. Additionally, if you already have an HVAC system installed, consider the age of the system itself. When the system is over 15 years old, it is more likely to need repairs, and in some cases, replacement is the best option.

Another aspect to consider is the energy efficiency of your HVAC system. Having an energy-efficient system not only increases your home's value while helping the environment but also lowers your household bills over time. Some states offer incentives for homeowners to install energy-efficient systems. You can check here to see what incentives your state may offer.

Lastly, consider a system that will improve the overall air quality of your home even more. Adding humidifiers and air filters increases moisture flow throughout a house, especially in dryer climates, and filters help remove debris and other air pollutants. 

When you are ready to install or upgrade your HVAC system, turn to A1 Heating & Home Improvement. Throughout Toledo, OH, and surrounding areas, their team of experienced professionals have installed trusted brands with friendly service and expert care to keep homes heated and cooled. Call (419) 243-4871 for a free estimate, or visit their website to learn more.