Appraisal value for HVAC vs window unit

Appraisal value for HVAC vs window unit

Contractor · Raleigh, NC · Member since 2019 · 16 posts · 8 votes

Any one have input one experience with the appraisal value of residence with window units vs. HVAC? My wife and I are in process of purchasing a Quadplex built in 1940s and currently has baseboard electric heat, and window a/c units. When it gets appraised, will it be much lower because of this? Will in benefit to change everything over to central HVAC? I am pretty sure I have heard on a podcast that as long as it is renting out, don't worry about changing. This might be true, but just wondering how the appraisal might look? 

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  • Rental Property Investor · Greenwich, CT · Member since 2015 · 4k+ posts · 2k+ votes
    7y

    @Jeff Williams, I think the impact will be minimal and you likely won't get your money back (in terms of appreciation) by converting to HVAC.

    Who owns and maintains the window A/Cs? You or the tenant?

    Might be worth considering moving everything to mini splits. Will class up the property. That along with "central A/C" may command higher rents

  • Contractor · Raleigh, NC · Member since 2019 · 16 posts · 8 votes
    7y

    @Jaysen Medhurst

    Property owner owns window units. I agree with classing it up. Just curious what the appraisal difference would be?

  • Real Estate Agent · Cleveland, OH · Member since 2019 · 359 posts · 295 votes
    7y

    @Jeff Williams usually the adjustment on a house under $300k for central air versus no ac is $2-5k.

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