As a homeowner, there are plenty of projects you can do around the house in order to increase the value of your home. But one of the biggest value-adds? Central air conditioning.
According to Zillow’s most recent Consumer Housing Trends Report, a whopping 62% of buyers list central air conditioning as a required feature in a home. Recent Zillow data also shows that buyers paid, on average, 2.5% more for homes with central A/C—and that number can jump to upwards of 5% in hot, humid areas.
So what does that look like? According to Zillow’s most recent data, the current median home value in the US is $217,300. Adding central air to a home at that price would add anywhere from $5,432.50 to $10,865 in value—not to mention make your home a much more enjoyable place to be in the scorching summer months.
If you’ve been thinking about installing central air conditioning to your home, data shows it’s a solid investment. Not only will it add value to your home, but it’s on the top of the “must haves” list for a huge portion of potential buyers.