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Updated over 7 years ago on . Most recent reply

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Sandeep Jain
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24
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Oil heating Vs Gas heating

Sandeep Jain
Posted

Hi

I am totally new to this forum, Not sure how it works. The question I have is, I recently bought a 2 family property and rented out both units. Currently I have oil heat and its will end of costing me almost 3000 to 3600 a season on oil for both units. I am contemplating if I separate the heat and put gas heat, it cost me 14000 to 15000 and in 4 to 5 years my plan is to sell the property.

Please help me decide if I should keep the oil or change it to gas.

Thanks

Most Popular Reply

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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
2,466
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4,876
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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
Replied

@Sandeep Jain, according to those numbers, you'll just be breaking even when you plan to sell. The update may or may not command a higher sales price. If you planned to own this for 30 years, it would be a no-brainer, but in this case...

Have you considered mini-spits for each unit? You'd still need to provide HW, but could put in a super-efficient tankless unit. This would avoid having to re-plumb the entire heating system. An added advantage of mini-spits is that they heat in the Winter and cool in the Summer. Central A/C may command higher rent.

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