Cost to add a 2nd electric meter and furnace in a duplex

Member since 2020 · 5 posts · 1 vote

Hello BiggerPockets,

I went to an open house for a property that was listed as a 2 family but with only 1 electric meter, 1 forced-air gas furnace w/central air and 1 hot water heater.

I wanted to install a 2nd electric meter, furnace, and hot water heater in that house, so that it is one system per unit. I want to get a ballpark of how much this would cost? (eg: equipment, labor, time frame) I know this can be pretty pricey but how pricey will that costs. Has anyone deal with this kind of problems before? Would like to hear your experiences.

I am also looking for local licensed electrician and plumber in the Boston area

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Roger Evans
Rental Property Investor · Boston, MA · Member since 2019 · 57 posts · 21 votes
6y
@Xiaoyan Liang I got a quote on just a furnace to have separate heat and it was not worth it. If you plan on living in the home for a year the state offers programs if you go that route. Strictly investment, you could always include utilities and just add it into the monthly rent some tenants prefer everything bundled into one flat price.
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Xiaoyan Liang
OP
Member since 2020 · 5 posts · 1 vote
6y
@Roger Evans Thanks for your advice
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Lien VuongBusiness Member
Real Estate Agent · Boston, MA · Member since 2018 · 2k+ posts · 1k+ votes
6y
A good estimate assuming no major issues would be $15-20,000 for the separation of those items but makes your property more appealing to tenants as well as future resale.
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