WILL A NEW FURNACE ADD VALUE TO MY HOME?
Selling a home requires a strategic approach: certain things will add value to the home, while others detract. So if you plan to market your house soon and your partner asks ‘does a new furnace increase home value’? Well, it certainly does, but not by much. To the home buyer, a new furnace takes the guesswork out of unexpected breakdowns but is probably only seen as something that sweetens the deal and not a cause for a price hike. Benefits of a New Furnace There are many benefits to buying a new furnace. One of the main benefits is that it saves money on energy bills. The newer systems have different technology and features including zoned heat for your home. No pilot light anymore, and a much quieter furnace that no longer sounds like a dragon under the house. As the system will be under warranty, if anything goes wrong it will be fixed. So if your furnace is over 15 years old consider replacing it to add value to your home. We all rely on a furnace in the winter months, and th...