Convert from electric to gas?

[Chris Roche]

I am wondering if it is worth converting my 2 family to gas.  It is currently electric and very high to heat and run appliances.  I house hacked and live in one half and rent the other.  Long term plan is to move out and have the entire home as a rental.

My electric bills for just my portion of the home is crazy high!  I would convert to two separate water heaters and furnaces for $25,000.  It is a lot of money but would cut my monthly bills substantially.  I don't pay the tenants utilities but I am wondering if gas utilities would make my home more desirable as well as being able to charge a bit more for rent.   

[Thomas S.]

You would need to research your rental market to get answers to those questions. It depends entirely on your specific market. You will need to compare with similar properties in the area. Assuming you find the area is predominantly electric and the market is strong with good rental rates then there is no reason to convert. If on the other hand your competition is gas with utilities extra and their rents are on average higher you would need to do the numbers to determine the pay back on your 25K expense.