by Anonymous on December 15th, 2007

Anonymous

Question

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I just got a bid to replace my 1962 gas furnace with a Carrier 95%. The bid includes adding an extra return, new roof chimney, new thermostat. My house is poorly insulated & is 1900 sq ft. They want $10,000.

Answers. 2 helpful answers below.

  • by Midgardsormr on December 15th, 2007

    Midgardsormr

    If you're looking at an investment that size, it might be a good idea to consult an appraiser. Once you know how much value the improvement is adding to your home, you can then figure out how long it will take for it to actually pay for itself in reduced heating bills.

    If you decide that you really want or need to make the improvement, get a couple more bids from competing companies. Be sure to tell the original contractor that you're doing so; sometimes they'll reduce their bid once they know there's competition.

    You might also want to look into the tax incentives for purchasing a high-efficiency appliance. The IRS offers a rebate for some improvements; I got $300 back on a tankless water heater.

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  • by Lady Alathia of Vulcan on December 15th, 2007

    Lady Alathia of Vulcan

    Ten bucks? Go for it! But you might want to lock away your valuables. ^_^

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