Profile picture for Tonie Nuse

does a heat pump add value to my home?

does installing a heat pump w/ air conditioner add value to my home, and if so, how much?
  • December 07 2010 - Graham
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Answers (8)

Hello There;
I would consider this an amenity that may help make your home more sellable, but in my opinion you would not recover the cost, simply due to most folk's lack of understanding about the advantages of the heat pump.  If a heat pump costs 5-6 grand to install, a potential buyer could easily do that themselves once the home closed if they wanted such an amenity.  An appraiser friend of mine also concurs, and may give your home an additional 1k in added value, but certainly not recouping the cost of purchasing and installing one.  Also, consider what cost this is as a percentage of value per the the home's value.  Example...the home is worth $100k and a 5k pump is 5% of the value...NO WAY!


Thanks
  • December 08 2010
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Profile picture for Blue Nile
The real question is what heating and air conditioning you already have.

If what you have is working and efficient, there is likely no benefit to replacing it.  If you have gas heat only now and no cooling, the gas can still be much more economical than going to electric heating, but there is relatively little cost difference between an air conditioner and a heat pump, so you get the benefit of new heating with the unit instead of just the cooling.

Still, you could get a central air conditioning unit with gas heat too, so there really are some design issues that you need to discuss with a mechanical engineer or an HVAC contractor.
  • December 07 2010
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I would say add the heat pump if you want to enjoy it. At this point in the market it would be very difficult to recoup the dollars you will put out for the upgrade.
  • December 07 2010
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Profile picture for the_country_hick
A house is expected to have a furnace. If the furnace is dead it loses value. If the furnace is new it adds to desirability but not so much to price.

A heat pump is just another furnace. It may be more fuel efficient but I would not pay much if any extra for one.
  • December 07 2010
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It certainly makes it more sellable but could you tie a dollar figure to it.  I doubt it.
  • December 07 2010
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Any new system or upgrade has the potential to add value.  How much depends on the market you are in and what the comparables offer.  I recommend shopping your comparables.
  • December 07 2010
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These days it all depends on the location of your home.  If you are in an area with foreclosed/short sales then no.  However, it all depends on the location.

  • December 07 2010
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Yes, it could depending on what the comparable homes around you have listed as their features. If a heat pump is common in your comparables, than no, if heat pumps are not common in your comparables than yes, add approx 5k
  • December 07 2010
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