Posted by David Krulac on September 23, 2008 at 20:53:35:
would be my last choice, unless your in a warm clime and seldom use the heat.
While EBB is the cheapest to install, it is the most expensive to operate. In older properties EBB bills can be outrageous.
One way to drive your tenants out is for them to have high heat bills, they’ll go to some place that has cheaper heat.
And electric rates become deregulated in 2010 and are expected to be 2-3 times higher than currently (no pun intended).
Gas furnace - Posted by kac2010
Posted by kac2010 on September 22, 2008 at 15:59:41:
I’m considering buying a 4 plex that has a gas furnace that needs replacing. The units are about 850 sq ft. Has anyone had any experiance with replacing a furnace for a 4 ple and what is the cost?
Conversion to other source - Posted by JT-IN
Posted by JT-IN on September 23, 2008 at 06:31:25:
The actual cost of replacement is minor. Equipment cost is low, depending on the BTU rating… but say 1K, give or take. Labor of about 500 bucks…
What I might consider is conversion to an electric baseboard source that the tenant would pay the cost for heating. Obviously this is NOT the cost effective today, but is in the long run by a long shot. Of course w/o knowing the set-up and how difficult it would be to supply the electric to the hearing units, it is hard to say how feasible the conversion might be.
What is the gas bill now to heat the 4 plex…? How large is the electrical service panel…?
Re: Gas furnace - Posted by David Krulac
Posted by David Krulac on September 23, 2008 at 05:18:27:
yes, see my above answer about $3,200 including a new hot water heater and material and labor per unit.