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We're adding central AC to our condo. How much value would this add for resale?

  • July 12 2012 - San Diego
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Answers (3)

Hello,

The value added to your condo depends upon the need of any future owners. If you are installing central air because of a medical condition or some other personal reason, then it would not add very much to the marketability and value of your home. But if the average temperature during the summer reaches in to the 80's or 90's then air conditioning becomes a very valuable asset to your condo.
With that in mind, since you are not making an aesthetic adjustment, but rather a structural improvement, there is no reason to believe that you will lose potential future buyers from this addition.
I would make the decision to add the air conditioning based upon your needs and utility rather than the potential monetary value added to your home.

Best of luck!

-Tammy
  • July 13 2012
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It really depends on where you live and the condition of the rest of your home. The closer to the coast that you live the less value it would add but if you are in East County or Escondido then it could add more value. You will not recover the cost of installing the A/C regardless.
The National Association of Realtors' 2007 Profile of Buyers Home Feature Preferences found that homeowners would be willing to pay an extra $1,880 for air conditioning.


Jerry Heard
The San Diego Property Shop
CA DRE #00648687
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  • July 12 2012
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It won't add a lot of value, but it will make your condo more marketable than others, so you may get more interested buyers. It'll increase the value some, but no appraiser will tack on $10K for AC. It also depends on how many other units like yours have AC. If the rest of your unit is dated, it won't add any value if other units in your complex have been updated/upgraded inside. The value will come from the number of buyers it attracts, and if the AC offers something no other comparable unit has.

Warm Regards,

Cory La Scala, REALTOR
Independence Realty
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  • July 12 2012
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