How to Add Home Equity Through HVAC Upgrades

Article Found on HVAC.com | Written by Ali Dunlap

According to Harvard’s Joint Center for Housing Studies, Americans are spending increasingly large amounts of money on residential remodeling projects each year and seeing less and less of a return. From 2017 to 2018, the money spent on home remodels nationwide increased by 7.5%, totaling nearly $340 billion. Yet, the average ROI for these projects was only 56% — a decrease of 12% in just one year, as stated in a survey by Remodeling Magazine

When you’re planning a renovation project in preparation to sell your home, the key to maximizing ROI and avoiding costly renovation mistakes is knowing which upgrades will add the most value. HVAC upgrades will always be a safe bet and a smart investment — and yet, these home improvements are some of the most commonly overlooked by homeowners and flippers. 

In today’s market, it’s riskier than ever to make the wrong renovations. You could end up spending thousands of dollars on kitchen and bathroom upgrades that never pay themselves off. Below, you’ll find an explanation of why HVAC upgrades are your best bet, backed by a list of upgrades that will almost always pay off and help you sell your home faster. 

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Gas Fireplaces: Better For the Environment and More Efficient

gas fireplacesGas fireplaces get a bad rap. Some people like the idea of the snap crackle and pop of a real wood burning fireplace, the nostalgia of it all. The idea of a gas fireplace might sound wasteful or frivolous to some. But, what if I told you that gas fireplaces are actually much better for the environment, and that they are up to eight times more efficient than the standard wood burning fireplace? It’s true. The folks at Northwest Natural Gas offer some information on their website about the advantages of using gas fireplaces, and I’d love to share it with you here: Read more

Save Money- Do a Little Research

A few minutes of research could end up saving you big money on your next HVAC purchase- a great way to get started is by checking out www.dsireusa.org. This helpful website, called DSIRE, is an acronym for Database of State Incentives for Renewables and Efficiency, and it’s funded by the U.S. Department of Energy. It’s clear and easy to use; just select the state you live in on the map shown and you will be sent directly to a comprehensive and current list of financial incentives that you could be eligible for.

If you’re shopping around for a new heating or cooling system, another great way to find out about rebates and CashBack programs is to check out your equipment manufacturer’s website. For instance, Rheem has a rebate center on their website, which helps you easily navigate local and federal tax credit information.

Also- don’t forget to check out the website for your utility company. Most utility companies have incentives and rebate information on pamphlets they send you with your monthly bill, as well as online information. PG&E has a great resource on their website under Renewables & Efficiency, which makes it easy to read up on local home and business energy savings opportunities.

We hope this is helpful! Feel free to call us or email us with any questions; we want to point you in the right direction so you can feel good about your next HVAC purchase!