Furnace vs Electric heat on Rehab
I am currently doing a complete rehab on a duplex (side by side) in Canandaigua (Finger Lakes). I intended to BRRRR this property after the rehab is done.
Here is the issue that I am looking for feed back:
Each duplex has separate furnaces. One furnace is shot and needs all new duct work. Neither apartment has any duct to the upstairs where the bedrooms are. After getting some HVAC estimates ($13k) I am trying to figure out what is my best solution. I am considering selling the one good furnace and not run any ductwork to the apartments and replace the system with electric baseboard heat (or any other suggestions that you may have).
My concern is tenant push back on higher electric bills for heat. What is your take on all of this?
Thanks in advance!