General Landlording & Rental Properties

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Are these quotes for new HVAC high or on par with current pricing

Posted Jun 27 2022, 07:44

Hello all,

Curious who else has had to purchase a new HVAC for a rental property this year?  I have quotes all the way from $8,850 - $13,250.  The house is a 4bd/2ba 2,300 square foot.  These quotes are for a Goodman Split Heat Pump System - 3 Ton 14 SEER and a Ruud Split Heat Pump System - 3 Ton Up To 14 SEER.  Are these costs on par with what people are paying these days?

I bought this rental in 2017 and my inspector recommend a new HVAC at that time as this one was obsolete.  So it's 5 years later and definitely time. 

These quotes are from Hiller and from other local companies here in Nashville, TN.  

Nashville, Tennessee

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Ronny Varghese
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Ronny Varghese
Replied Jun 27 2022, 08:15

seems a bit high depending on whether you are also doing ducting. I got a 4 ton packaged unit for about $4500 and re-did the ducting throughout the first floor of my house (2200sf) for about the same - which equates to about 9k total

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Ronny Varghese
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Ronny Varghese
Replied Jun 27 2022, 08:21

i'm out of Brentwood TN as well, call Clark Heating and Cooling - they did me right and Tim is the man, shoot me a text and i'll refer you their info six-15-710-6675

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Kim Meredith Hampton
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Kim Meredith Hampton
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Replied Jun 27 2022, 08:30

Here in Florida, about $8800 is about right without any duct work. anything higher seems way out of line

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Chris Webb
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Chris Webb
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Replied Jun 27 2022, 08:58
I just replaced my AC and Furnace for $7500 in Central Virginia. No duct work - 2300 Sqft home.

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Jacob St. Martin
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Jacob St. Martin
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Replied Jun 27 2022, 09:22

@Chris Webb where in central VA? I have been getting quotes on mine and they have been for like 12k (in Charlottesville)

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Tim Miller
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Tim Miller
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Replied Jun 27 2022, 09:54

Never heard of Goodman and from what I see they may only last for about 10 to 15 years. We would stick with known products like Trane or Carrierwe installed a 3 1/2 ton a/c & gas furnace, plus duct work for $10k. The Trane we replaced was 27 years old.

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JD Martin
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JD Martin
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ModeratorReplied Jun 27 2022, 10:00
Goodman is a lot better product than it used to be; they moved all production back to the US. They have awesome warranties now as well. My HVAC guy has carried everyone under the sun and has mostly switched to Goodman (still sells Carrier, which is Payne, Bryant and a few others) because they're easier to get parts and just as reliable these days.

Anyway, on cost. 8 grand is probably on the low end for a 3 ton if you don't have a regular relationship. I just put a new 2 1/2 ton Goodman in a unit a month ago, with some ductwork repair, and it cost me $6700 and I've done $100k worth of business with my HVAC guy over the years so I get better pricing. I wouldn't be surprised at a $9k quote for a Goodman 3 ton system. HVAC has gone sky high the last 1 1/2 years.

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Anita Anand
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Anita Anand
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Replied Jun 27 2022, 10:25

I recommend Charles Critzer in central VA. He has done a few of our ACs and his prices are always excellent and the work is well done.

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Chris Webb
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Chris Webb
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Replied Jun 27 2022, 10:36

@Jacob St. Martin I am in Lynchburg, let me know if you want the name and number of my HVAC guy.

Chris

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Bill Brandt#3 Home Owner Association (HOA) Issues & Problems Contributor
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Bill Brandt#3 Home Owner Association (HOA) Issues & Problems Contributor
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Replied Jun 27 2022, 10:52

You’re getting charged that much because they are replacing the furnace at the same time. They are replacing the furnace because your new ac unit runs on different freon. If you find a technician willing to evacuate the old freon and convert the old furnace to work on the new freon your total should be well under $5,000. 

2 months ago I did a 3.5 ton system $1800 for the unit and $1450 in labor/freon/etc etc. 

Ps. My PM had given me quotes of $10,500 and $9,500 from “the big guys in town” who were going to replace the entire system. 

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David D'Arcy
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David D'Arcy
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Replied Jun 27 2022, 10:53
Quote from @Jacob St. Martin:

@Chris Webb where in central VA? I have been getting quotes on mine and they have been for like 12k (in Charlottesville)


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Jacob St. Martin
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Jacob St. Martin
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Replied Jun 27 2022, 10:58

@Chris Webb if you think he would be willing to do work in charlottesville absolutely send me his contact info

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Scott Wolf
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Scott Wolf
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Replied Jun 27 2022, 13:54
Quote from @Joshua Steven Ferrell:

Hello all,

Curious who else has had to purchase a new HVAC for a rental property this year?  I have quotes all the way from $8,850 - $13,250.  The house is a 4bd/2ba 2,300 square foot.  These quotes are for a Goodman Split Heat Pump System - 3 Ton 14 SEER and a Ruud Split Heat Pump System - 3 Ton Up To 14 SEER.  Are these costs on par with what people are paying these days?

I bought this rental in 2017 and my inspector recommend a new HVAC at that time as this one was obsolete.  So it's 5 years later and definitely time. 

These quotes are from Hiller and from other local companies here in Nashville, TN.  


 I'm in FL, got quoted $10k-25K for two units. One was 2 ton, the other 1 ton. Get multiple quotes, and are you sure a 3 ton is what you need?  My home is 2,800 sf and the 2 ton covers at least 2100 of it.

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Mike Dymski#3 Investor Psychology Contributor
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Mike Dymski#3 Investor Psychology Contributor
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Replied Jun 27 2022, 15:51

If anyone is looking for a job entry into the real estate space, they should get HVAC certified and easily make six figures at current prices. I used to be able to replace a 2 ton heat pump for $2,000...$1,000 for the unit and $1,000 for the install. Retail pricing is absurd now. Apartment communities still get favorable pricing and many have HVAC certified techs on staff; so, it's exponentially more efficient than SFR.

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Nathan G.
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Nathan G.
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ModeratorReplied Jun 27 2022, 20:25

Prices vary depending on market and timing. Shop around for 3+ quotes and compare.

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JD Martin
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JD Martin
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ModeratorReplied Jun 27 2022, 20:47
Quote from @Mike Dymski:

If anyone is looking for a job entry into the real estate space, they should get HVAC certified and easily make six figures at current prices. I used to be able to replace a 2 ton heat pump for $2,000...$1,000 for the unit and $1,000 for the install. Retail pricing is absurd now. Apartment communities still get favorable pricing and many have HVAC certified techs on staff; so, it's exponentially more efficient than SFR.


 No doubt. I tell people this same thing all the time. My HVAC guy is so slammed these days every time I see him he looks like he might just keel over dead and he's younger than me. My first rental that I bought that had no HVAC at all cost me $3500 for a full install and it was a tiny crawl space and the unit had to go in a tight attic. You can't barely buy the compressor unit for that any more in the last 2 years.