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central air - how much does it add to the price of a house for resale

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brianlr2000

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May 22 - Central West End
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Diane Tuman, "dianetuman"

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When I lived in Baltimore, the home we bought did not have central AC and that was a negotiating point. We installed it for about $14K, the resold the home about 3 years later and recouped our money. I think it depends where you live. If AC is required to live comfortably, I would do it.
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September 29
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The Leonardo Team

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As a rule of thumb it usually adds more value than it actually costs. It is considered as a desirable improvement.
Leonardo

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September 28
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Daniel Castiel, "DCGoldStar"

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I don't suggest doing it, after all you are selling the house not improving it.Let the next person worry about it, they may not even want it. Consider bringing the price down to cover the cost of central air when you find an interested buyer.
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September 26
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Connie Wildasinn, "pwildcon"

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in many areas you won't be able to sell the house for top dollar without it... most buyers want this as much as windows and counters...
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September 13
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Elisa Mullins, CPM, Broker, "discountrealtor"

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I think the below is right on.. and the other question to consider : 

what is the norm for where you are.. ; are other home without central air...?  in St Louis, a 10% deduct is at least what you will find.. due to our weather conditions... I have buyers that do look at that criteria to be sure they wont be faced with that burden of adding a/c.  they wont do without.
versus :
If you are talking about adding a "green" level of hvac system that is LEED compliant/certified...  then that is a whole other discussion... as that seems to add value to the resale.. since it is the new hot button for buyers... 
either way; it is a cost you will have to incur as the owner/seller in most cases.. 
Elisa Mullins, 
Assist2Sell Premier.  
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September 12
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Brandon Handyman.com, "_Realtors_Fix It Guy"

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Stephanie's comment of 10% on the market value is right on the money!
Of course the SEER rating of a newly installed system could represent a few more percentage points. Seer ratings have been climbing effectively over the last 5 yrs. Annual operating costs are declining ... unfortunately energy costs aren't quite as efficient.
Stan
Brandon's HeritageHandyman
813-943-5250
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September 08
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Stephanie Grossman, "stephhug"

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Its difficult to put a number on what it adds in terms of price, but it adds something else - sell-ability. Without central air, you are going to lose many if not most of your buyer prospects. Buyers in St. Louis expect central air (unless its a very inexpensive home or a multi-family). Pure and simple. If you want to compete for the buyers that are out there, you home has to be move-in ready and fully functioning. 
If I were pricing a home without central air I would list it approximately 10% less than market value to compensate. 

I hope you'll consider making the addition. You are welcome to call me anytime if you want to discuss your specific situation or if you have any other questions.

Stephanie Grossman
Coldwell Banker Gundaker
314-313-5403
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May 23
 

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