Repair or replace?
A single repair on a newer system often makes sense. An older system that needs frequent or costly repairs may be ready to replace. Ask your contractor about the age of the system, the cost of the repair and how efficient the current equipment is compared with newer models.
Get the size right
A system that's too large or too small can waste energy and leave rooms uncomfortable. A good contractor should size the system based on your home, including square footage, insulation, windows and layout, rather than matching what you had before. Ask whether the bid includes that calculation.
Compare bids carefully
The lowest bid isn't the best value if it skips sizing, ductwork or permits. Ask each contractor to explain what's included so you can compare the same job.
- Equipment brand, model and efficiency rating
- Whether ductwork repairs or changes are included
- Permit and inspection costs
- Removal and disposal of the old system
- Warranty on equipment and on labor
- A 10% to 20% cushion for surprises, like electrical upgrades
Timing: emergencies vs. planned replacements
Most home equity loans close in a few weeks. If your heat goes out in winter, you may need to pay for the replacement another way first, such as savings or contractor financing. Read contractor financing terms closely, including any promotional rate that jumps later.
If your system is aging but still running, planning ahead gives you time to compare bids and line up financing before it fails.
How to borrow
A home equity loan gives you a lump sum at a fixed rate and keeps your first mortgage as is. If your current mortgage rate is close to today's rates, a cash-out refinance may be worth comparing.
CapCenter offers fixed-rate home equity loans from $50,000 to $250,000, with 15, 20 or 30-year terms, on single-family primary residences and second homes, with ZERO Closing Costs (restrictions apply). Many HVAC replacements cost less than our minimum, so this route fits best when you're combining the system with other work, like new ducts, insulation or another project.
Protect your investment
Register your warranty, keep your receipts and schedule regular maintenance. Changing filters and annual service can help a new system run efficiently for years.
