First Turnkey Purchase with Old Furnace

[Vanessa Haw]

Hi, I am in the process of buying my first turnkey investment in Kansas City. The issue I am having is that the inspection shows a 15year old furnace. Obviously it is nearing end of life. I will be asking them if they can replace this. Any suggestions if they wont budge? Do they usually give back earnest money? 

 

[Aseel Yerunkar]

Along with what was mentioned above, how good of a deal are you getting? Is a couple thousand over a old furnace worth losing the deal for? If so, then you back out. If not, and its still a good deal even after the furnace replacement costs, then I'd move forward and budget that into my repairs, or try to get some credit due to the condition of the furnace if they're not willing to replace it entirely.

Other thing is you might not necessarily have to replace it. If its an old furnace but its functional has been maintained regularly just let it do its thing. But obviously budget it into your CapEx and keep some reserves aside in case it does run into issues later and needs to be replaced.

Hope that helps. Hit me up if you have any questions.