Buyers Will Take Repairs into Account When Making Offers
A buyer may be willing to spend $5,000 on a new furnace or air conditioner after taking possession of your property. However, there is a good chance that whoever buys the home will ask that you reduce the home’s sale price by the same amount. Alternatively, you may be asked to pay for the cost of making repairs to an HVAC system before your home is sold. The folks from Mighty Ducts Heating & Cooling in Lebanon, NJ, can repair a furnace or install a new central air system in your home in a timely and affordable manner.
It Might Be Harder to Find Financing to Buy Fixer-Upper Homes
If your home doesn’t have a functioning furnace or heat pump, it may be difficult for a buyer to follow through on an offer to acquire the property. This may be especially true for those who are looking to finances home purchases with FHA loans. Generally speaking, government loans cannot buy houses that don’t have adequate HVAC systems.
It’s Harder to Overlook Major Problems With a Home
In most cases, buyers can overlook minor issues with a home, such as fading carpet or outdated light fixtures. However, they may pull their offers entirely if an inspection finds that the condenser unit was damaged in a hail storm or that the furnace was installed 25 years ago.
If you are in need of a furnace inspection or a new central air system installed in your home, contact the folks at Mighty Ducts Heating & Cooling today! We can also do duct cleanings and perform indoor air quality assessments.