Two words you often hear in the housing industry that usually fly over your head. What exactly is a heat pump and how does it work? Today is the day you will finally understand what one is and how they can raise the resale value of your home significantly.
What Is A Heat Pump And How Does It Work?
A heat pump is an energy friendly device used to transfer heat in and out of your home. The heat pump will extract heat from the outside cold air and bring it inside your home. From this point the heat pump will then use electricity to heat up the air even more. You can also use this method for air conditioning. It also uses refrigerant (just like air-conditioning) and can do the reverse effect and turn the air cold from outside. It’s like a double sided coin.
Benefits Of Using A Heat Pump In Your Home
Compared to many other heating and cooling system, heat pumps are vastly more efficient. Not only do they use less energy to heat up or cool your home, but their efficiency rates go up to over 600%.
Benefits Your Health:
Not only are heat pumps an amazing choice for heating and cooling your home, but they also double their use as they dehumidify and filter the air inside. Indoor air quality is critical, especially in the upkeep of your health. Extra moisture in the air can ease runny nose and flu symptoms.
Reduction Of Harmful Emissions:
Heat pumps are eco-friendly. There are no fossil fuels used for any part of a heat pump’s operation, meaning there are no fumes being released into the air. Reducing carbon emissions greatly helps the environment. By doing this you are also able to save a significant amount of money.
Minimal maintenance is required for heat pumps. They do require an annual system check but on the bright side these annual checks can be done by the homeowner as it is relatively easy. Another cost is saved from needing a professional. You are finally able to save money on maintenance to put towards other important expenses.
How Much Does It Cost To Purchase And Install A Heat Pump?
To have a heat pump installed, it costs around $5,000 to $10,000. Installation costs between $3,000 to $10,000. Cost is dependant on the type of heat pump you install, the size, the unit, and its equipment.
How Does A Heat Pump Add To The Resale Value Of Your Home?
Electricity is the largest source of emissions in the world and in the big picture, individual household use is one of the main contributors. In Canada, 18.4% of emissions came from households. This was recorded in 2019, which makes it safe to assume that the percentage has only risen. In a recent study, installing heat pumps to your home may increase the value between 4 to 7%. According to the outcome, buyers that are environmentally aware are most likely to pay the higher price premium for a house equipped with a heat pump than not. This day in age, there will always be a higher price value on energy efficient homes.
Heat pumps also save money while being used. Money is being saved from fossil fuel expenses and low maintenance, making having a heat pump in your home even more valuable. The premium price gained through having one in your home is larger than the cost of installation and purchase.
Sell Your Home in Vancouver Today
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If you already own a property in the city, Leo Wilk can help you sell it. With the money you make off your sale, you can find a new home in a neighbourhood of your choosing. To learn more, contact Leo Wilk today!