I’m often asked questions pertaining to air conditioning in Colorado Springs homes, and in light of the weather for the past week, you may have some of the same questions! Here’s some answers to commonly-asked questions about how much an air conditioner is worth for resale value, how many homes in Colorado Springs have AC, and more.
I’m often asked about air conditioning in Colorado Springs homes – In light of the weather for the past week, you may have some of the same questions!
How much is an air conditioner worth when I go to sell my home?
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Depending upon the value of your home, A/C will probably add about $2,500-5,000 to the value of your home, at least on paper (i.e. an appraisal).
That being said, the actual benefit of A/C when selling your home in the winter months will be fairly nominal. If you’re selling in the summer months, you can typically get close to that “paper value” of $2,500-5,000.
The value of air conditioning at resale, even on paper, is going to be the same or slightly less than the actual cost. So don’t look at it as an “investment” that will payoff when you sell. You’ll likely get most of your money back out of it, but it’s not going to bring any additional return.
What percent of homes in Colorado Springs have air conditioning?
Based on a quick survey of El Paso county homes sold in June, only 31% had central air conditioning.
About 1/3 of homes in Colorado Springs have central air conditioning.
It is more likely you’ll find A/C in a newer home than an older one, however. It was present in 38% of homes built since 2000, but only 26% of homes build prior to 2000. Additionally, the price of the home dramatically affects the likelyhood of finding air conditioning. Only 23% of homes that sold for less than $200,000 had A/C, while it was present in 53% of homes which sold for more than $300,000.
Do you need air conditioning in Colorado Springs?
This question comes from almost everyone moving from out of state. Frankly, I don’t like to answer this question, because it is really a personal preference.
What do you think? Is A/C a non-negotiable for you, or are you content without it? Leave a comment with your thoughts!
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Welcome to Springs Bargains, a service of our real estate business, Circa Real Estate Group! I’m Carrie, and since 2008 I’ve been sharing free and discounted ways to eat, play, and enjoy life in Colorado Springs.