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ROI for Electric to Gas Range upgrade?
Hey all,
Trying to steer my mom in the right direction on this one, but not sure what that is. She's been doing some tasteful upgrades to her 1880's Victorian home. She wants to replace her oven and ditch the microwave for a hood.
Her house has natural gas run to it, and it powers the tankless water heater and furnace, however the oven/range is currently electric only.
Her house would be priced in the mid-upper range for homes in this city, so I mentioned that she might consider having a gas line run and switching to a gas range/electric oven, as when I was looking for a home I really wanted a gas cooktop.
She asked if I thought she'd get her return back on the investment of the $600 gas line install and range, and I wasn't sure.
The comps in her area all seem to have electric, so in that sense I might say no. But, could it be a "leg up" should she go to sell, in that she has gas while others do not?