Wappingers Falls, NY · Member since 2016 · 15 posts · 4 votes
Hope everyone is having an awesome Friday! I'm posting this questions for ideas - constructive criticism is welcome!
Looking at a deal at the moment for buy-hold, the house has heat oil and it may take about 8-10k to covert the home to Natural gas. What are your thoughts on removing the furnace all together and switching to baseboard heaters instead? Home has a 100 amp panel and looks like it was updated at some point however I found trace of old cloth wiring used in one of the bedrooms. Thinking that I'm to have electrical work to do anyways I could perhaps convert the entire thing to electric? Thoughts? Pros\Cons?
Investor · Boise ID · Member since 2014 · 113 posts · 25 votes
8y
Take a look at mini splits they are very efficient but only heat down to about -15 degrees. If the property is in an area where it doesn't get too cold that may be an option there are also rebates from some power companies to install them.
I could. Thought it would easy future maintenance since I won't have a furnance to deal with. Also the basement space is not large. Thought removing the furnace and oil tank would help.
Investor · Philadelphia, PA · Member since 2016 · 2k+ posts · 1k+ votes
8y
Electric heat is much more expensive than oil or NG. My parents had it in NY and I was blown away by their electric bills.
I would consider changing out the furnace for NG if you have it in your area. It’s also a good time to add AC for not much additional cost. I’d keep the ducted system since you have the most painful/expensive part of the system already in place - the ductwork.
I would also recommend getting a duct cleaning company in. It will make the house smell fresher and cleaner too.