Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 11 months ago on . Most recent reply

User Stats

1
Posts
1
Votes
Param Patel
1
Votes |
1
Posts

How much value would central heating and cooling add to an appraisal?

Param Patel
Posted

Hi everyone, 

I am a very new investor, and purchased my first multi-unit with the intention of updating the inside while I lived there... and later doing a cash out refinance. Forgive me if this is a novice question...

The home is approximately 100 years old, and had radiators throughout the entire property, as well as 2 boilers and a large oil tank in the basement. 

After purchasing, I removed all the radiators, boilers, and the large oil tank, then installed 2 central heating/cooling system's with air duct's throughout the entire home. I plan on doing more updates, such as finishing the basement into more livable square footage, but my question is just regarding the HVAC system's... 

Typically, how much value will the HVAC and ductwork improvement add to the appraisal amount later? 

Loading replies...