If you’re putting your Newton Grove, NC home on the market, there are a few upgrades to consider before you get it appraised. You can help raise its value with updates such as upgrading your heating and cooling system. This guide explains the importance of equity in greater detail and outlines five HVAC upgrades that can help increase your home equity.
The Importance of Home Equity
Equity is the difference between the value of your home and the amount you owe on the mortgage. It helps demonstrate your financial security and stability even during times of economic downturns, as it is a direct representation of the portion of your home that you own outright.
When you make upgrades to your home, your equity generally increases. This is because the value of your home increases as a result of upgrades, including those made to your HVAC system.
1. Better Home Insulation
Some people may rush to replace their system, which is not always worth the effort and expense. This is especially true if the HVAC system is less than 10 years old. A much better approach is to focus on insulation, especially if the system is fairly new.
Poor insulation can lead to issues ranging from high energy costs to moisture problems along with temperature inconsistencies. Have a professional these possible issues before selling your home, as well-insulated homes are certainly more attractive to potential buyers.
2. New Windows
You do not need to be fancy with upgrades: something as simple as getting new windows can work wonders for increasing your home equity. For example, you can install double-pane windows, which help reduce drafts and heat transfer.
In addition to making your home more energy efficient, new windows often boost curb appeal and attract more buyers, especially if the windows make the home appear more modern and well-maintained. Buyers are often willing to pay more for homes with updates and modern amenities, including new windows.
3. Indoor Air Quality Solutions
One of the best ways to increase the value of your home in Newton Grove, NC is to improve indoor air quality (IAQ). Getting rid of bacteria and other pollutants indoors decreases allergies and can help prevent respiratory issues. Additionally, good air quality improves comfort, which will be a good selling point for you to make to buyers.
There are several methods that effectively improve IAQ. You can increase ventilation by having exhaust fans installed in the kitchens and bathrooms if you do not have any, for one.
Another method is to use air purifiers, making certain that they come with HEPA filters, which are effective in removing airborne particles like pollen and dust. You can even have one installed onto your HVAC system, which will enable it to purify the air throughout the entire house.
For humidity control, procure whole-home humidifiers and/or dehumidifiers. Like air purification devices, you can have an HVAC technician install them onto your HVAC system instead of going room by room.
4. Ductwork Repair or Replacement
Adequate air circulation is necessary for your system to condition your home, and you can usually accomplish this by upgrading your ductwork. Issues with old ductwork can lead to energy inefficiency and worsened IAQ, meaning that repairs or outright upgrades can make things more comfortable. It can also help lower your energy costs and increase the value of your home.
5. Smart Thermostats
Having a thermostat is a necessity because you use it to manage the temperature of your home. However, a smart thermostat goes beyond that, as it allows you to control your HVAC system remotely with just your smartphone.
Smart thermostats typically have advanced scheduling capabilities, letting you customize your heating and cooling schedules based on your daily routine or preferences. This feature is more than just fancy, as it helps optimize energy usage by adjusting temperatures automatically, whether you are sleeping or away from home. Home buyers are attracted by modern and energy-efficient systems.
No matter the HVAC upgrade you want in your home, we are here to help. Whether you need a new air conditioner or desire to add solutions to improve your indoor air quality, contact us at Cape Fear Air Conditioning, Heating, & Electrical Company, Inc. today.
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