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Mini split or furnace
Should i go mini split of furnaces and does mini split increase home value
#3 Buying & Selling Real Estate Contributor
- Rental Property Investor
- Hanover Twp, PA
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#3 Buying & Selling Real Estate Contributor
- Rental Property Investor
- Hanover Twp, PA
@Damein White, I don't look at this as a simple obvious question.
1. If you have an old furnace with existing duct-work then likely a 1 for 1 replacement of the furnace makes the most sense.
2. A mini-split shines because you can retrofit a house without duct-work without doing any real demo.
3. If you didn't have A/C before and would not be adding it with a furnace replacement then the mini-split might get you more rent and increase the home value a little.
4. Also, you don't specify the fuel source of the furnace. That could make a difference because if you're in a heating climate with a gas furnace that could be cheaper to heat with than an electric mini-split as they become less efficient at very low temps.
5. For BRRRR, you are holding the property so the home value isn't the only goal. You will need to maintain these systems and have them satisfy good tenants. So, keep in mind what a good tenant expects in your area.
For example, if you have an existing GAS furnace and central air conditioning already a simple replacement of the gas furnace gets people what is likely to be an economical heat source while also providing a/c which many rentals don't have. So, that would be a win all around.
#2 All Forums Contributor
- Investor
- Virginia
@Damein White
Should I go for a walk today or run today?
Well answer it depends. Location plays a big part in it.
Hi Damein. I would say it all depends on the difference in HVAC quote. Does it have a boiler already, and you are considering putting in a mini split and keeping the boiler? Or what is the situation/current set up?
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Real Estate Agent Ohio (#2021004622)
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No boiler but it a bottom unit so not hard to do boiler but in also want AC for this hot summer
Hi Damein. I would say it all depends on the difference in HVAC quote. Does it have a boiler already, and you are considering putting in a mini split and keeping the boiler? Or what is the situation/current set up?