Electric vs Gas HEAT

[Aron Cohen]

My partner and I are trying to figure out the downside if any from going from GAS heat to ELECTRIC heat. We recently purchased a 4/2 that is need of a full rehab. If our electrician gives us a better price to rewire and install electric heaters is there any downside? Any help would be much appreciated.

[Jaysen Medhurst]

Aron, I would never choose electric over gas, especially in the NE where we get such cold winters. The bills will be outrageous. In a 4/2! I can't even imagine. Especially now when NG is trending cheaper and electricity higher.

I think you'll have a much harder time renting the units, tenants know it will cost them a lot more money. You won't be able to get top dollar for the property, because it's less desirable and more expensive to the tenant in utilities.

Lastly, imagine this nightmare scenario: a storm knocks out the power in the middle of winter. The property has no heat (think they'll resign when the lease is up), which is terrible and now you need to worry that all your pipes are going to start freezing/bursting and flooding your newly renovated property. GAH!