Although adding central air conditioning will increase the value of your property by about $10,000, it’s also a smart move because it shows your prospective tenants that you care, and want them to be comfortable during the summer months. 

Before choosing an air conditioner, keep in mind that one size does not fit all so it’s best to hire a local HVAC contractor to come out to your property.

During their consultation, they will determine the size of the air conditioner that you need after doing a load calculation and factoring in the size of your property.

Your goal should be to choose an energy-efficient air conditioner that’s easy to maintain and has an affordable installation price because the HVAC contractor is going to charge you for the unit, and they will also charge to install the air conditioner.

Depending on the size of your property, it could cost $5,000 to $10,000 to have a new air conditioner installed at your rental property so it’s best to be prepared for that cost and shop around for the best deal.

While you are in the process of adding a new central air conditioner, keep in mind that it would also be the right time to add a programmable thermostat as well.

Programmable thermostats are fantastic because they will remember the ideal temperature settings for your tenants. This will cut down on the wear and tear on your air conditioner and central heating units during the year.

Let’s say that your rental property already had an air conditioner, if this is the case, you shouldn’t hesitate to ask the HVAC company to seal and replace any old air ducts at your rental home because most ductwork wears out over time.

At Jevons Property Management, we specialize in local property management and can save you the time and money of managing your investment properties yourself.