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Old 04-09-2016, 06:11 AM
 
Location: Niflheim
1,331 posts, read 1,987,653 times
Reputation: 1133

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I put an offer in on a house and then noticed that it is all electric, so no gas heat.

The current owner has done lots of upgrades for energy efficiency, but still not sure if I should go throught with it it walk away.

Your thoughs please.

TIA
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Old 04-09-2016, 06:50 AM
 
Location: Kaufman County, Texas
11,856 posts, read 26,876,979 times
Reputation: 10608
Lots of houses don't have gas. You will be fine.
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Old 04-09-2016, 07:00 AM
 
374 posts, read 548,933 times
Reputation: 221
I always lived in all electric homes until 2014. I never knew any different.
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Old 04-09-2016, 07:58 AM
 
100 posts, read 187,433 times
Reputation: 153
I've found living in a house with a gas furnace, water heaters and driers to be far easier on the utility bills than their electric counterparts. I don't think I'd let it be a determining factor if I loved a house though, I'd just make sure to budget an extra $100 a month for utilities.
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Old 04-09-2016, 08:13 AM
 
Location: Prosper
6,255 posts, read 17,099,655 times
Reputation: 9502
You'll be paying more per month. How much more is dependent upon the size of the house and the temp you set your thermostat, how long you take hot showers, etc.
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Old 04-09-2016, 08:13 AM
 
Location: Austin
7,244 posts, read 21,811,238 times
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Look at it this way, if you eliminate all electric homes, how much of the area are you eliminating from being able to buy? If you back you, that means you can't buy anything in that area as they will all be electric.
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Old 04-09-2016, 08:29 AM
 
13,194 posts, read 28,298,950 times
Reputation: 13142
Quote:
Originally Posted by Type O Negative View Post
I put an offer in on a house and then noticed that it is all electric, so no gas heat.

The current owner has done lots of upgrades for energy efficiency, but still not sure if I should go throught with it it walk away.

Your thoughs please.

TIA
I would ask them how much all their monthly utility bills are, just to make sure the house still fits into your budget with the higher bills that come with electric vs gas. Other than that, no reason to walk away.
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Old 04-09-2016, 08:40 AM
 
100 posts, read 187,433 times
Reputation: 153
Also, consider the fact that these electric systems will be cheaper to replace also, there is some savings to be had from an all electric system, it's just not month to month.
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Old 04-09-2016, 09:25 AM
 
28,671 posts, read 18,788,917 times
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Quote:
Originally Posted by Pagusas View Post
Also, consider the fact that these electric systems will be cheaper to replace also, there is some savings to be had from an all electric system, it's just not month to month.
No there aren't any savings. It's always going to be more expensive in the long run. If you have to budget an extra $100 a month from November through February (although in our case, it's $200 a month), do that over the lifetime of a gas furnace (15 years) and you've lost a whole lot more money than the cost of a gas furnace.

We've been living in an all-electric house--my first ever. We bought it basically because of the limited choices within our budget and area, but it's sucked from the beginning in comparison and it continues to suck.

One thing you have to do is "change dance partners frequently" when it comes to electric utilities. An air conditioner contractor told me I should actually completely change utilities (not just change contract with the same company) every six months to maintain the lowest possible cost.
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Old 04-09-2016, 04:06 PM
 
130 posts, read 153,931 times
Reputation: 184
If your furnace and water heater run on gas... the bills will be waaay cheaper for any decent size house with multiple family members. Probably a 'benjamin' or two a month.

When it comes to the kitchen... there is a good reason for the saying "Now we are cooking with gas!"
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