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From: GregS on 20 Jul 2010 11:44
In article <i22njp$u6r$1(a)news.eternal-september.org>, "The Henchman" <yup(a)yup.org> wrote:
>
>
>"woger151" <woger151(a)jqpx37.cotse.net> wrote in message
>news:5040ddab-03f1-401f-8270-df982fba6101(a)u26g2000yqu.googlegroups.com...
>> We have an old (1988) induced-draft gas furnace that we've had trouble
>> with on- and off- in our house (we bought the house June 2008). Most
>> recently, we had to replace the ventilation fan motor (no central AC
>> while that was out). Many of the components have been replaced. The
>> AC unit outside is about 12 years old.
>>
>> We're trying to decide whether or not to replace the furnace. We'll
>> live in the house for perhaps two more years. Putting aside the issue
>> of an economic analysis of limping along with occasional repairs (and
>> the associated inconvenience) vs the expense of getting a new furnace,
>> what are the pros and cons in terms of selling the house in the
>> future?
>>
>> One guy who came to give us an estimate on a new furnace said that the
>> furnace won't sell the house, the house will sell the house. OTOH,
>> our buyers agent for this house said that there's a good chance
>> prospective buyers would ask us to replace it before they took
>> ownership, so we might as well replace it now.
>
>The house will sell the house and there may be plenty of buyers who will
>recognize that the furnace will need replacing and will factor that in. I
>doubt an old furnace is a deal breaker except for inexpiernece home buyers.
>
>However, a good real estate salesman could get most of your money back from
>the new furnace for you. They do this often with other renovations and
>upgrades sellers install.
>
>Get the furnace in before chancing that it'll be out when you need it the
>most this winter and companies are so busy you'll be freezing for days.!!!
>

The house I bought had a 55 year old oil burner. It did shy away many buyers.
It cost me less than $1000 to have a gas line attached to the gas company.
Then bought all new stuff. This would be a worse case scenairo.
I think I got them to reduce the house price by $2000. They saved.

I also got 250 gallons of oil which was worth close to $1000.

We replaced a furnace around 1998 that was 38 years old just as gas prices
were on the rise.

The heat exchanger on that 1960 house was replaced under warrenty after
a few years, maybe a 10 yea warrenty ?

A 1988 furnace is just a baby, but with gas prices.....

greg

From: GregS on 20 Jul 2010 11:59
In article <i22njp$u6r$1(a)news.eternal-september.org>, "The Henchman" <yup(a)yup.org> wrote:
>
>
>"woger151" <woger151(a)jqpx37.cotse.net> wrote in message
>news:5040ddab-03f1-401f-8270-df982fba6101(a)u26g2000yqu.googlegroups.com...
>> We have an old (1988) induced-draft gas furnace that we've had trouble
>> with on- and off- in our house (we bought the house June 2008). Most
>> recently, we had to replace the ventilation fan motor (no central AC
>> while that was out). Many of the components have been replaced. The
>> AC unit outside is about 12 years old.
>>
>> We're trying to decide whether or not to replace the furnace. We'll
>> live in the house for perhaps two more years. Putting aside the issue
>> of an economic analysis of limping along with occasional repairs (and
>> the associated inconvenience) vs the expense of getting a new furnace,
>> what are the pros and cons in terms of selling the house in the
>> future?
>>
>> One guy who came to give us an estimate on a new furnace said that the
>> furnace won't sell the house, the house will sell the house. OTOH,
>> our buyers agent for this house said that there's a good chance
>> prospective buyers would ask us to replace it before they took
>> ownership, so we might as well replace it now.
>
>The house will sell the house and there may be plenty of buyers who will
>recognize that the furnace will need replacing and will factor that in. I
>doubt an old furnace is a deal breaker except for inexpiernece home buyers.
>
>However, a good real estate salesman could get most of your money back from
>the new furnace for you. They do this often with other renovations and
>upgrades sellers install.
>
>Get the furnace in before chancing that it'll be out when you need it the
>most this winter and companies are so busy you'll be freezing for days.!!!


Its rare in my mind to get your money back. When I redid the old house
to sell, part of it was, I just wanted to sell it in good condition, for
old time sake. Sure it helps to sell. Still took 9 months to sell.
Spent $10K and much labor.

Redid kitchen
refinished hard wood floors in 5 rooms.
New electric box
new garage door
All new windows
All new paint
Landscape front yard

Was it worth it?
Probably not.

I had a guy come off the street during community day and offered
me $145K for me to stop and buy house as is, without realitor, so he could remodel it.
No, I didn't want to sell a bad house.
Sold the house for $150K and got less in the end.

greg
From: Una on 20 Jul 2010 12:04
Some buyers want a new house but cannot afford one and they drive you
crazy demanding you do X, Y, and Z to make your old house good enough
for them. You don't have to sell to a buyer like that.

Some buyers want an old house "as is", priced accordingly, no hassles
for you or them.

A furnace that is *unreliable*, regardless of age, is a candidate for
replacement sooner than later. It is likely that you will be required
by law to disclose to a buyer that the current furnace is unreliable,
likely resulting in a hassle for you. A brand new furnace just before
or during the sale is not completely satisfactory because it won't be
known to be reliable.

I would replace the furnace now.

Una

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