If at one time the house had gas heat it may still be rated as gas.

We plan on living in the house and doing most of the fixes and renovations ourselves.

@Tim Holt, Yes INDEED house hacking is the best option for most 1st time buyers.  

A couple strategies that could make sense for a younger person without experience could be a live-in flip or a house hack.

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

How big is the house?

Showing houses 30 minutes at a time counts.

Quote from @Paul Lucenti: What's up everybody Me and my wife are looking to buy a house out in Suffolk.

Or buy a 5bed/3bath house, live in the primary suite and rent the other spaces out.

How is the house hack working out for you?