Selling a home is a daunting task regardless of the economic environment, and homeowners are always looking for ways to maximize the selling price to get the most out of their house. Planting flowers for curb appeal can help, but if they really want to impact their sale price they should focus on energy efficiency upgrades.
Sacha Ferrandi, founder of Source Capital Funding, Inc. a real estate finance company, said to Motley Fool, “While renovating the kitchen and updating the bathrooms are both great improvements that can increase property value, making energy efficient upgrades will give you more bang for your buck. As the number of energy efficient homes continues to rise, first time buyers and renters are beginning to favor these upgraded homes over traditional homes due to the potential long-term savings.”
Experts agree that among all the areas that can be considered for a remodel, homeowners can bank on a few prime upgrades that consistently can bring big influence on home values.
Tankless Water Heaters
Homes with showers that never run out of hot water are in big demand these days and this can only be achieved with tankless water heaters. Generating hot water on demand, these systems deliver when you need it—and for as long as you need it. They can be gas or electric, and are commonly installed in a central location to heat water for the whole home. In residential applications where there is no convenient location for a centralized water heater, compact versions can be installed near points of use, such as under a sink.
Zillow conducted a study that showed homes with tankless water heaters not only sold for 4% more than their expected value, but also, these homes sold 43 days faster on average than expected.
As part of the selling process, having credible information on hand can help move the deal in an upward direction. For instance, according to energy.gov, homes that use 41 gallons or less of hot water daily, tankless water heaters can be 24%–34% more energy efficient than conventional storage tank water heaters. For homes that use a lot of hot water (86 gallons per day), they can still be 8%–14% more energy efficient. The compact versions come in strong when seeking even greater energy savings from 27%–50%. This can be achieved if on-demand water heaters are installed at each hot water outlet.
High Efficiency Heating and Cooling
According to the Washington Post, a study conducted by national appraisal experts says homes with green improvements can mean premium home prices. “Appraisers matched individual ‘high-performance’ energy and resource-conserving houses against multiple homes similar in type and location but without green improvements. They then calculated the extra dollar increments buyers were willing to pay for the green features and found they ranged from $10,343 to $53,000, or an average premium of 3.46 percent. Some premiums on individual houses ranged as high as 6 percent to 7.7 percent.” Among the multitude of high-efficiency options, one of the most impactful is high efficiency heating and cooling solutions.
Inverter Ducted Split System (IDS)
Traditional systems take a long time to reach the homeowner’s desired temperature. Furthermore, the way traditional units frequently turn on and off creates an in-rush current surge which uses more energy and causes unneeded wear and tear on the system. An IDS system smoothly ramps up operation, which avoids spikes in energy use.
An IDS’s boosted compressor speeds deliver quicker, smoother and more efficient heating and cooling to a home and can be taken to the next level when they are paired with a smart thermostat. Smart thermostats can learn user preferences and adjust the output capacity to match the homeowner’s ideal temperature levels.
The Ultimate in Environmentally Friendly
If homeowners really want to get serious about going green and adding immediate and long-term value, geothermal is the way to go. Geothermal heat pumps use the earth as a heat source in the winter and as a heat storage/cooling source in the summer. The ground loop components of a geothermal heating and cooling system can last up to 50 years!
Ground and water temperatures at about six feet below the earth's surface stay relatively constant throughout the year and regardless of the seasonal temperatures outside. This allows the system to provide extremely efficient heating or cooling all year long in virtually any climate. Sometimes the term "environmental comfort system" is used to describe a geothermal heat pump. This is because a heat pump absorbs or rejects heat from the earth with absolutely no impact on the environment.
Not only do homes that offer environmentally friendly features save money on monthly energy expenses, but more buyers are actively looking for sustainable homes than ever before.
About Bosch Thermotechnology
In North America, Bosch Thermotechnology is a leading source of high-quality water heating and comfort heating and cooling systems. In particular, the company offers BOSCH tankless, point-of-use and electric water heaters, floor-standing and wall-hung boilers, geothermal systems as well as controls and accessories for every product line. Bosch Thermotechnology is committed to reinventing energy efficiency by offering smart products that fit together and work together as integrated systems which enhance the quality of your life in an ultra-efficient and environmentally friendly manner. Find more about the product portfolio of Bosch Thermotechnology Products.
Content from Goncalo Costa and Dan Moffroid, Bosch Thermotechnology