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Updated over 5 years ago, 07/20/2019

User Stats

24
Posts
6
Votes
Lauren Daly
Pro Member
  • Rental Property Investor
  • Tyler, TX
6
Votes |
24
Posts

HVAC system is leaking coolant

Lauren Daly
Pro Member
  • Rental Property Investor
  • Tyler, TX
Posted

My HVAC system is leaking coolant in the property I'm currently living in, but will be renting out next year. The unit is a "luxury" condo associated with a country club-- generally an "A" property. Several other units in our building are rented by doctors in residency at the local hospitals. I'm planning on owning this property for at least 5 years because I know it will cash flow and the area is getting very popular because the building is on a lake. The HVAC guy gave me a few options:

1) Bare Bones $5000 - It will keep the place cool for roughly 8 years

2) "Old Reliable" $7,500 - It cools, and is known for 15+ year life and a 10 year warranty

3) Bells & Whistles $10,000 - High efficiency (we won't pay the electricity on this place), Variable speed comfort (it basically can adjust how much air it blows so that your house is at a constant temperature), can be connected with the "smart home" system so I can change the temperature or lock/unlock the door from my smartphone, have security cameras, connect the smoke detector etc. Smart home is $1000 more to install.

Should I spring for the Bells & Whistles (would a tenant even pay for that)? Is it worth it to upgrade from bare bones to something reliable? Or should I just get the one that cools the place and replace if I still have the place in 8 years?

Any advice here would help!

  • Lauren Daly
  • Loading replies...