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Updated over 5 years ago on . Most recent reply

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Electric heat vs gas heat

Posted

Im looking at a multi unit and its all now converted to electric heating 

My concern is acquiring tenants and keeping them . I know that electric is more than gas but how much more that it would deter rentals ? 

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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
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Jaysen Medhurst
  • Rental Property Investor
  • Greenwich, CT
Replied

@Natasha Billinghurst, where are you located? Obviously, heating is going to be more in VT than it will be in VA.

It will be very expensive to convert to gas, unless the infrastructure already exists. One thing I always recommend exploring is converting to mini-splits. They can provide heat in the winter and A/C in the Summer, which is often a competitive advantage and can command higher rent.

  • Jaysen Medhurst
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