HVAC question — live in and flip scenario
Hello, I would like to get some advice on the best way to approach an HVAC situation.
- My girlfriend bought an 800 sq ft condo three years ago. The plan is to sell it before the end of the year.
- Some work has been done (flooring, carpet, doors, paint, etc), but there is more to do (sliding glass/screen door, kitchen update, bathroom update).
- Last week, the A/C went out. Unit dates back to 1992.
- All in, she has $50K invested. Based on comps, we believe ARV would be approximately $75K.
Question #1: Given the age of the unit, we feel it would make sense to replace it. Do you agree? Is that how an investor would approach it?
Question #2: If we replace the unit, what advice do you have in order to do it cost effectively?
Thanks for your help!
Matt