Changes in building construction methods and repairing of older buildings have reduced infiltration rate. Synthetic materials, release airborne particles and uneven healthy odor are increased. For preventing pollutants introduce fresh outdoor air into the building, simply letting fresh outdoor air into building, however, Is not a cost-effective way to ventilation. When additional ventilation is added to an existing HVAC system, the heating and cooling equipment, often cannot handle the increased load. A HRV provides a way to minimize in energy costs while introducing fresh air to a building. In this study, the economical research of HRV, made of three types of materials, are conducted. Heat recovering characteristics are studied at seasonal outdoor air conditions based on the outdoor air property condition at, Seoul in 2002. As a results, the average sensible effectiveness is 0.75 in the sensible heat exchanger and average total effectiveness is 0.65 in the total heat exchanger. The pay back period of the sensible heat exchangers are $3.2{sim}3.5$ year and it of total heat exchanger is 2.2 years.