Why You Should Consider Replacing Your Furnace If You’re Selling Your Home

Selling your home is an exciting process. Yet even though there’s the thrill of moving somewhere new, renovating to increase home value can definitely feel like your time, money, and energy is being pulled in all sorts of different directions. Your to-replace list is long and it includes everything from the stove to the bathroom tiles, but it might be missing something that can increase home value – the furnace.

ASHRAE.org states that the average furnace can last up to 18 years with good maintenance, however, an outdated furnace could be the reason your home fails a pre-sell inspection and turns potential buyers off. Don’t let this one element be the reason your home is passed over.  Take the time to increase your home’s value before you sell by purchasing a new furnace. Here are some reasons it’s a good idea.  

Buyers Like New Furnaces 

We all like new accessories and fixtures, especially when it comes time to buy a new home.  When potential buyers are touring your home, a new furnace can be a major selling point that piques their interest. Not only do new furnaces increase home value, they show a buyer the potential of long-term home ownership. Since a furnace can last the length that you’re potentially staying in the home, replacing it will be one less thing new homeowners will have to worry about. 

Lower Utility Bills 

No one wants to have to pay more for their monthly bills. If you have a new furnace installed before selling your home the new buyers will know that the system will be as efficient as possible, which results in lower bills. New, high-efficiency furnaces have between 92 and 97 percent efficiency, compared to many older models that are around 62 percent.  

You Could Pay The Price For Not Replacing A Furnace 

You might be checking out the price tags of furnaces and getting a little wary of replacing one since they can cost between $5,000 and $8,000. Even though that seems like an investment not worth making since you’re moving, it’s a worthwhile replacement to make and the consequences of not making it might be more severe than you think.

If a home inspector notices that your furnace is older and not functioning beyond a simple repair or cleaning, they may request you replace it or recommend a reduced price. Furthermore, if this is an issue that sticks in potential buyer’s heads, they might put in a low-ball offer on your home because they’ve got the impression it’s not worth the price tag. Not only does buying a new furnace increase home value, it also helps stop the sale process from getting drawn out. 

If you are thinking of selling your home, don’t forget to see if getting a new furnace will make a difference. Get in touch with us at Air Treatment ClimateCare today for more information or to schedule an appointment. 

Sources:

https://saveonenergy.ca/en/For-Your-Home/Advice-and-Tips/Furnaces-guide