To Buy or Not to Buy

Now, we have been here ten years, and the a/c and heater are working just fine.

When you are a homeowner, there seems to be no end of decisions that need to be made. Should we purchase a generator for hurricane season, and if so, should we go into debt to get the good one that is connected to the house’s electrical system or just go the cheaper way but have to go through so much more to get it working? Should we put in a pool or update the kitchen? No one cooks but the pool would be fun. HOwever, an updated kitchen means a higher market value for the home. Should we get new flooring or leave it outdated but save the money? Then, of course, there is the big question about the heating and cooling system. In our case, the HVAC system was already pretty old when we bought the place. The inspector said we could be expecting to replace the furnace and a/c within five years. Now, we have been here ten years, and the a/c and heater are working just fine. Yet, we know that HVAC technology has improved since the days when the previous homeowners got the simple central heating and cooling installed. At the time, it was probably close to the top of the line, but now, it’s just not. We know we could improve the a/c system with smart thermostats, HVAC with zone control for more adaptable temperatures, and maybe even a/c vent sensors and a whole house humidifier for momore pleasant winter months. Yet, do we spend that kind of money when the old system is still heating and cooling the space? How much would it improve the value of our house? Should we wait as long as possible or go ahead and do it now to save on utilities?
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