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Updated about 5 years ago on . Most recent reply

User Stats

14
Posts
6
Votes
Jordan J. Osborne
  • Investor
  • Springfield, VA
6
Votes |
14
Posts

Radiant to HVAC help

Jordan J. Osborne
  • Investor
  • Springfield, VA
Posted

Hey everyone, 

I live in a condo in downtown Salt Lake City, which I was planning to rent out here soon. Well the HOA has decided that all three buildings need a replacement of the boilers and chillers (which I agree with) with an HVAC system in each unit. Through this special assessment, I would have to front about $7,800 dollars. At the same time, I found out that I am third on the waiting list for my floor to rent out my unit (they only allow 2 units to be rented per floor). With this information, I plan to sell the condo within the next 8 months. Should I vote to change the heating/cooling to an HVAC system? Or should I save myself the money upfront and vote against the replacement? I've heard the HVAC will add value to my unit, but I'm not sure if it'll be close to $7,800. The cost to put in an HVAC system is about 4% of the home value.

Thank you for all your help!

Most Popular Reply

User Stats

14
Posts
7
Votes
Andrew Gammon
  • Real Estate Agent
  • Salt Lake City, UT
7
Votes |
14
Posts
Andrew Gammon
  • Real Estate Agent
  • Salt Lake City, UT
Replied

@Jordan J. Osborne

Yeah since it’s a condo, the hvac wouldn’t increase the price significantly enough to fix it yourself. And that’s just my opinion as a real estate agent.

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