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Updated over 4 years ago on . Most recent reply
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Inspection Items - Old Air Conditioners and Heating Systems
Hey everyone - I've had an offer accepted for a fourplex at $210K (listed at $220K). The inspection was conducted and there were a few minor items that need to be addressed; however, the main concern that I noticed from the inspection is the age of the heating and cooling systems for each unit (all are functioning properly). Below is the breakdown:
Air Conditioners
Unit 1 - 14.5 Years Old (Life Expectancy - 20 to 25 Years)
Unit 2 - 21 Years Old (Life Expectancy - 20 to 25 Years)
Unit 3 - 27 Years Old (Life Expectancy - 20 to 25 Years)
Unit 4 - 19 Years Old (Life Expectancy - 20 to 25 Years)
Heating Systems (Forced Hot Air Heat)
Unit 1 - 13.5 Years Old (Life Expectancy - 20 to 25 Years)
Unit 2 - 12 Years Old (Life Expectancy - 20 to 25 Years)
Unit 3 - 15.5 Years Old (Life Expectancy - 20 to 25 Years)
Unit 4 - 12 Years Old (Life Expectancy - 20 to 25 Years)
We knew the systems were old before our original offer at $200K (but not exactly sure how old). Do you think it would be unreasonable to come back down to my original offer at $200K to address these concerns or should I try to tackle other items on the inspection list. Also, am I being unreasonable with any concern at all? Only one system is past its expected life - I'm just worried one will shut down the day we close and then I'm stuck paying for it. Any thoughts??