Upgrading the HVAC System of a Rental — Is It a Wise Decision?
The key to making a rental property more profitable is investing in upgrades and repairs. This is why homeowners get their properties renovated, decorated, and upgraded before advertising them to potential tenants.
One of the main aspects of a property that tenants carefully consider is the electrical infrastructure. After all, air conditioners and heaters need to be in good working condition for optimal air quality and temperature regulation.
In this post, we’ll talk about the importance of getting your HVAC system upgraded:
Rent it out faster!
Modern HVAC systems help you save on utility bills and also give out cleaner and fresher air. Having a new and updated HVAC unit can make your property an ideal one for tenants during peak winter or summer conditions. You can market this aspect to potential renters and convince them that they’ll be saving a lot by not having to update the system themselves; not to mention the lower monthly bills they’ll be paying. This will not only make your property a more desirable option for tenants but may also add to its resale value.
Save on repair expenses
Most tenants move to a house with the intention of living there temporarily. This is why they avoid investing too much in it. If the HVAC unit of your property is worn out, the tenant will be compelled to pay for repairs every now and then. This will make them think twice about moving in. On the other hand, by updating the HVAC system, you will be saving the tenant from recurrent repair expenses.
Even if you’re paying for all the upgrades yourself, a newly updated HVAC system also means fewer maintenance costs and a longer lifespan. There will be no need to worry about the unit breaking down in the middle of the night.
Charge a premium
Tenants are naturally not willing to pay a lot for properties that are not in good condition. Having the heating and cooling systems upgraded will enable you to charge a premium compared to the rest of the houses nearby. Tell your potential renters that the HVAC system is an energy-efficient solution that isn’t just environmentally-friendly, but also cost-efficient.
If you’re looking for a professional AC installation Melbourne, get in touch with Florida Breeze. Our technicians are available 24 hours for all sorts of HVAC related emergencies too. Contact now at (321) 951-8767.