Inheriting a home is often a surprising situation for people, particularly if they didn't know the person who gave it to them that well. Of course, there's a chance a home might end up being a money pit and being hardly worth the cost. Thankfully, a new furnace can improve a home's value and make it worth more when you try to sell it.
The Furnace Won't Last Forever
Even though furnaces are designed to last up to and even over 20 years, there's still a good chance that the one in your inherited home might be about to fail. There are a few ways you can tell when checking out an inherited home. For example, you can examine the past gas and electric bills and see how much they have increased over the last few years.
If you find that the last year or two has seen much higher costs, there is a good chance that the furnace in your inherited home is about to fail. You can also inspect how it operates to get a feel for whether or not it's due for a change. Older furnace pilot lights often burn yellow flames instead of blue and should be replaced, even if you don't plan on spending one minute in the home.
What Costs To Expect
Upgrading your inherited home is, inherently, going to cost you a little bit of money. That is to be expected. The exact amount will vary depending on a multitude of factors. Your furnace upgrade costs may end up surprising you. That's because they will change depending on what brand of furnace you buy and a multitude of other elements.
The average cost for a furnace is usually about $1,200 while the installation will cost about $2,200. Is this extra money worth the cost on a home you may just be selling after inheriting? Absolutely! You can tout the new furnace as an upgrade, particularly if you installed an efficiency unit. Many individuals will spend at least $3,000-5,000 more on a home with an upgraded furnace.
And if you are smart and upgrade the rest of the HVAC system, such as the ducts and other elements, you can expect even more money to be coming your way. So don't hesitate to throw a little bit more money in an inherited home when trying to sell it. Even if you spend $3,000 on a new furnace, it is worth it. Contact a company, like T & T Plumbing Heating Air Conditioning & Geothermal., for more help.Share
28 August 2018
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