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01-07-2009, 09:34 AM
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Senior Member
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Join Date: Sep 2008
Location: Cincinnati, Ohio
1,127 posts, read 480,753 times
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Sure it can be a selling point but so can a new kitchen, a new deck, a new porch. Depends on what the buyer is looking for. Since i dont plan on being in the house for a long time a new furnace doesnt make sense for me.
G Rizzle
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01-07-2009, 12:12 PM
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Senior Member
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Join Date: Oct 2008
1,644 posts, read 749,057 times
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Quote:
Originally Posted by gman5431
Sure it can be a selling point but so can a new kitchen, a new deck, a new porch. Depends on what the buyer is looking for. Since i dont plan on being in the house for a long time a new furnace doesnt make sense for me.
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But the next owner will offer less for a house with an outdated heating system. The real question is whether you want to put in a new system and enjoy it for the several years you live there or if you will be doing it for the new owners.
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01-08-2009, 09:14 AM
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Senior Member
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Join Date: Sep 2008
Location: Cincinnati, Ohio
1,127 posts, read 480,753 times
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I guess thats one way to look at it. An outdated furnace doesnt necessarily drop the value of your home and you dont necessarily have to give into the next owners. It may be a deal breaker for a potential sell but it doesnt drop the value of the home itself.
G Rizzle
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01-11-2009, 10:29 AM
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Senior Member
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Join Date: Nov 2007
162 posts, read 185,856 times
Reputation: 23
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Quote:
Originally Posted by gman5431
I guess thats one way to look at it. An outdated furnace doesnt necessarily drop the value of your home and you dont necessarily have to give into the next owners. It may be a deal breaker for a potential sell but it doesnt drop the value of the home itself.
G Rizzle
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It shouldn't affect the appraised value but it could affect the market value a little if a buyer is sharp enough to realize that he may be looking at a fairly large expense in the future.
The only way I'd put one in to satisfy buyers would be to negotiate the price and pay it off the HUD.
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01-11-2009, 10:07 PM
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Member
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Join Date: Oct 2006
51 posts, read 83,177 times
Reputation: 39
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They must know I'm not from around here...
Wow -- I can't believe the prices everyone is quoting. We've got a 37-year old Bryant that still works great (but is sending probably close to 45-50% of our energy bill right up the chimney).
I've gotten quotes from (2) HVAC installers -- one for a top-of-the-line Trane ($12,750!) and the other for a top-of-the-line Bryant ($8,000).
They must know I'm originally from New Jersey 
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04-28-2009, 08:49 PM
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Junior Member
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Join Date: Apr 2009
Location: Cincinnati
4 posts, read 1,654 times
Reputation: 10
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So, i got some quotes too for an older home, but neither commented on the duct work. Jersey, is that what your quote included?
Anyone else?
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04-29-2009, 10:47 PM
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Member
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Join Date: Oct 2006
51 posts, read 83,177 times
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^ @jpnut: Nope -- no duct work: we've already got that in place. Actually, the company that quoted the less expensive Bryant quote did include the price of altering the size/shape of the plenum to improve air flow.
The reason for the price difference is probably because we have central air -- so the prices I got include the furnace, the a/c, an air cleaner, and a new humidifier.
Still a whole lot of money. And you know what? Knock on wood, the old Bryant is still steaming away like a tank! They built them to last back then -- not like now, when things have a planned obsolescence...
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