Currently live in a 1958 home with an oil furnace from 1997 and original terra cotta tile lined flue, which I am told would be a good idea to have relined with a stainless steel liner because the tiles are no longer aligned.
Moving in 4 years and not sure if I should just reline the flue and hope the furnace lasts until we sell; bite the bullet and replace the furnace with a heat pump; or reline the flue and replace with another oil furnace. None of this would take place until next year. It is unfortunate because we replaced the central air in 2018.
Are there other homes in your neighborhood that have gone through the replacement process? I would suggest asking a realtor in the area to look at before at after repair values. If the cost is more than the benefit, don't do the repair.
It would definitely make the home easier to sell since according to realtors that I have spoken to, there are many buyers that will not look at a home with oil heat.
@Stephanie M. 90% of properties have oil heat in my area. Most multi family is on one furnace/boiler and the landlord pays the heat. Electric heat is outrageous and no one would install it. I’m in the process of switching several of my buildings over to individually metered propane heaters so the tenants will become responsible for their own heat costs and more accountable in their waste of resources.
I’m currently under contract on a building with a furnace from 1991. I’m going to ask to have it replaced.
If I were you I’d replace the system with whatever is standard in your market.