FAQ: We have baseboard electric heating in our home, and want to know if adding a natural gas furnace would add value, or enough value to make it worth it even if we plan to sell soon?
There are several factors to consider when determining whether adding a natural gas furnace to a home with baseboard electric heating will add value and make it worth it if you plan to move soon.
Firstly, you will need to consider the cost of installing a natural gas furnace. This can vary depending on the size of your home, the type of furnace you choose, and other factors. You will also need to factor in the cost of any necessary upgrades to your home's ventilation and ductwork systems. Have you gotten a quote for the conversion by chance?
Secondly, you will need to consider the potential energy savings that a natural gas furnace could provide compared to electric heating. Natural gas is generally cheaper than electricity, so you may see lower monthly utility bills with a natural gas furnace. This could be a selling point for potential buyers if you decide to sell your home, even if its in the near future.
The value that a natural gas furnace adds to your home usually depends on the local real estate market and buyer preferences in your area. In some areas, having a natural gas furnace may be a desirable feature that can increase the value of your home. In other areas, buyers may not be as concerned with the type of heating system and may not be willing to pay more for a natural gas furnace. In your area most buyers will pay more for a home with a natural gas furnace and lower monthly utility costs.
Ultimately, whether adding a natural gas furnace is worth it for you will depend on your individual circumstances, such as the cost of installation, potential energy savings, and local real estate market conditions. It may be helpful to consult with a local HVAC contractor and your REALTOR to get a better idea of the potential value of adding a natural gas furnace to your home. If you're in need of a local HVAC contractor reccomendation, feel free to reach out any time, and we will gladly share a list of our qualified Ottawa HVAC contractors with you!