Does Replacing a Furnace Increase Home Value?

When selling a home, many homeowners feel the urge to replace or upgrade the various components of their heating and cooling systems. While this may be beneficial in the long run, certain factors can influence how much money you make during the process – one being the age of your furnace.

HVAC equipment typically has a lifespan of 15 years, but even well-maintained furnaces may start to show signs of wear and tear around this time. Fortunately, there are several ways you can detect when your system may need replacing and what signs to look out for.

Before anything else, it’s wise to consult an HVAC specialist for advice about the age and functionality of your furnace. They can inspect both components and take a look at any electrical wiring that could potentially cause issues down the line. Furthermore, they will notify you if there are any potential problems that could cause breakdowns in the future.

Another way to determine when it’s time for a new furnace is by monitoring your utility bills. If they appear to be increasing significantly over time, then this could indicate that your furnace is no longer performing optimally.

Your outdated furnace can have a significant effect on the energy efficiency of your home, leading to higher monthly bills. Therefore, you might want to upgrade with a more energy-saving model.

When shopping for an energy-saving furnace, there are plenty of brands to choose from that meet your requirements. Selecting an eco-friendly furnace with a high AFUE (Annual Fuel Utilization Efficiency) rating can save you money on annual energy costs, making the initial cost more than offset over time.

Once you’ve made the decision to install a new furnace, it is essential that you prepare the area around it by clearing away debris and obstructions. Additionally, ensure it has access to electrical outlets and gas lines as well as any supplemental vents if required.

Furthermore, you should search for an experienced furnace technician who is knowledgeable about the various types of furnaces available. This will guarantee proper installation and prevent any future issues with your new system.

Replacing your furnace is a major investment, so you should ensure you select an experienced company with a proven record for quality workmanship. Get estimates from several local contractors before making a final decision on which contractor to hire.

It is wise to request your contractor for a warranty that will cover furnace replacement should anything go wrong within an agreed-upon time period after installation. Usually, this warranty will be included in the installation cost; however, you may find it more costly if you must pay for one yourself.