How to Save $4,000 on HVAC versus a Boiler
Here we are again at one of my latest house flipping projects located in Onset, Massachusetts.
I am excited about this specific property because this home is going to have a lot of sleek and attractive features. In addition to the beautiful rehab work we are doing to this property, this house is located walking distance from the beach. How can you beat that?
I think the rehab work coupled with the great seaside location will help this house sell quickly at a fair price.
I have already published a few insightful posts about this specific Onset property here on the House Flipping School blog. If you would like to see what this property looked like before renovations, then click here to check out my previous posts.
This particular property was what I would call a major renovation. This house needed a ton of work and required a complete gut job. We have had to install all new heating, plumbing and electrical all throughout the home.
Originally the home was equipped with your traditional oil burner. This was and still is a common way of heating a home, especially here in New England. However the old oil burner in this house was really beyond trying to save-the home desperately needed a new heating system.
HVAC Units Can Save You Money When Flipping Houses
You may find it somewhat surprising that to install a new oil burner with baseboard heat would actually cost us a substantial amount of money. So instead of installing a new oil burner I decided to consider alternative solutions. When you are learning how to flip houses for profit, you need to look at every part of the job to increase your margins wherever possible.
One cost effective solution that I have had success with in the past is installing an HVAC unit. HVAC units when compared to oil burners are less costly and more efficient. Actually they are about $4,000 less than a brand new oil burner and far more efficient. The unit I chose to install in the Onset home is what the experts refer to as a 95% efficient unit, which will be a great selling point when it comes time to sell this home.
With the HVAC unit the new homeowners will also have the option of adding air conditioning, which is important because Onset can get pretty hot and humid during the summer months. Having AC could be the difference between getting your original ARV when you sell the house.
All in all I estimate that the new HVAC until will save me between $3000 and $4000 and will set the new homeowners up with an efficient way of heating and potentially cooling their new home. That is a win-win in my book!
As always if you have any questions or comments please feel free to leave them below. I am happy to help in any capacity.
Take care and see you at the top!