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Updated about 5 years ago on . Most recent reply
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Radiant to HVAC help
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
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@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.