With a booming real estate market, many inexperienced new buyers are purchasing their first home. But unless you do your research, you could end up with a money pit. So, it’s critical that you do this before you buy a new house. Our timely tips can help prevent you from buying a big mistake instead of that sanctuary you long for.
Questions to Ask About the HVAC
The HVAC system in any home represents a surprisingly large percentage of the price. In most regions, you can’t sell a home without heating, and many loan programs require the house includes central heat and air.
Before buying someone else’s negligence, make sure you ask the following questions:
1. How old is the HVAC system?
The life expectancy of an HVAC system is generally 10 to 15 years. If the system is older, you may need to replace it soon. In this case, negotiate the cost of a new system as a discount on the selling price.
2. How efficient is the HVAC system?
Look for energy efficiency ratings on the equipment, such as an ENERGY STAR rating. What type of system is it? Is it an electrical unit or does the furnace run on oil or natural gas?
3. Is there a warranty on the HVAC system?
Warranties on HVAC systems normally transfer to the new homeowner. However, if the system is out of warranty, ask for a one-year prepaid home warranty plan as part of the deal. Or consider purchasing one yourself to cover repairs.
4. What’s the average heating and cooling bill?
Ask for the average electric, gas, or heating oil costs to include in your monthly budget. Your seller should be able to tell you what to expect in the way of utility bills.
Check the HVAC System
Your home inspection provides details about the HVAC system, but it’s a good idea to check it yourself. This gives you an idea of its condition before you make an offer. It’s also an opportunity to ask questions about its operation.
Examine the indoor equipment visually and look for the manufacturer, make, and model. You may see signs of age, neglect, or whether it’s an obsolete system from visual inspection alone.
Check the ductwork and look for adequate support and overall integrity.
Run the heater and air conditioners. You’ll want to make sure it’s functional year-round.
Check the outdoor condensing unit for signs of damage or disrepair. These are normally located outdoors and should be mounted on a concrete pad.
Do Your Homework
Purchasing a home is a big step, and it’s a process that you don’t want to rush if you’re not familiar with it.Make an appointment with the professionals at One Hour Heating & Air Conditioning in Chattanooga. Let the pros provide you with a detailed inspection of the HVAC in your new home before you end up buying a big mistake.