5 HVAC Questions To Ask When Buying or Selling A Home
Like most people, a home will probably be the largest and most significant purchase you will make in your life. It's your shelter and the place where you build your life with your family. One of the things that make buying or selling a house stressful is the nagging fear that something will break down, leaving a major hole in the household budget.
If you're only asking about the fixtures and cabinets, you're doing yourself a tremendous disservice. What about the HVAC system? A home’s HVAC system is responsible for keeping your family comfortable in every way. It also stands out in the buying or selling point. If you plan to purchase or sell a home with an HVAC system, below are the following questions you should ask yourself before signing on the dotted line.
How old is the system?
Make sure you get an honest answer about the age of every system component. If the seller is not able to assist, check anything that could be used to determine the age of the system. Heating and air conditioning equipment are usually rated to last 10 to 15 years. If a system or any component of a system is more than a decade old, you can expect repair issues to arise more often – and expect to replace it in the near future. If it needs to be replaced now, you might be able to negotiate a new HVAC system into the deal or a reduction of the asking price for the home so you can save money and buy a new system.
Is the system under warranty?
Many modern HVAC systems come with lifetime warranties, some of them are only good for the original homeowner. There are warranties with a short transfer window some companies offer, allowing a homeowner to replace their system in preparation to sell their home. In other cases, the HVAC warranty has a set expiration date no matter who owns the house. As you negotiate the price you’ll pay for the home, consider requesting that an aftermarket warranty is included on an aging HVAC system or simply set your price low enough to take into consideration system repairs or replacement later on.
What kind of system is it?
Do you have an ENERGY STAR rated system? Products that meet certain energy efficiency criteria will have the ENERGY STAR logo. If you want to increase the efficiency of your system, but you're not in the market to replace it, consider a home energy assessment. It can show you how to perform specific fixes, like sealing air leaks or beefing up insulation. An energy-efficient system cannot only shrink your utility bill, they can increase the value of your home.
How did the system do on its last evaluation?
The most common reason for HVAC repair is a lack of regular maintenance. Preventive maintenance will not only keep your furnace and air conditioner running when they are needed, it will also ensure your HVAC system is functioning as efficiently as possible to save you money on your energy costs. Asking for the most recent HVAC system inspection lets you learn about any pre-existing problems, and it may give you insight into how past problems were handled.
How efficient is the system?
For many, a heating & cooling system is an extremely influential factor when deciding to buy a home. Before you think of putting up your home for sale, schedule a full maintenance inspection and cleaning for your HVAC system to check its efficiency. This will let you know the exact condition of your home’s HVAC system. You won’t want to disappoint your buyers by providing them the hassle of upgrading or maintaining the system.
Keeping these questions in mind will help you make a smart decision in selling your home or buying a new house. For more tips and helpful guidelines on your HVAC system, don’t hesitate to give TDI a call at (903) 597-8381. We’ll always be glad to assist you in any way we can.