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Onefast99gsx
04-25-2007, 08:01 PM
Hey all,

Well i've been renting for the last 7+ years so I basically have zero equity to my name. I found a house for sale. I drive 1.5 minutes to work currently. This house would be 15 minutes from work which means more gas money.

There is no A/C in the house for sale. The house is heated with all baseboard electric heat. Does anyone on this board heat their home with baseboard elec heat? I'm not crazy about it. Because there is no forced air system in the house, there is no duct work so options for an A/C are limited. The windows are crank outs which limit the options even further. The house has older wood siding. It could use vinyl siding within 3 years or so. It's got a 2 car garage with blacktop drive. Has a good sized shed out in back. Absolutely no neighbors to the back. It's all open farm land.

I just don't know about the electric heat thing and the cost to heat the home. Any pros or cons to it? Should I stay away from this house or what?

I'll attach some pics... Price is firm at $73,000

Thanks for any info

niterydr
04-25-2007, 08:29 PM
If you can get on a plan where it spreads out the heat bill over 12 months, it will really help your budgeting.

Natural gas prices are constantly shifting, but I can only go buy how the shop heat/electric bills fluxuate monthly.

Onefast99gsx
04-25-2007, 08:41 PM
Hi Josh-

They pay $122/mo on the budget plan. That covers everything electric: heat, lights, water heater, stove, etc... They also have a newer wood stove in the basement if I wanted to burn wood in conjunction to the electric heat.

xveganxcowboyx
04-25-2007, 09:02 PM
Well, you know how much it costs then don't you.

And wood stove heat is the best. Utilize that beast!

carltalon
04-25-2007, 09:14 PM
$122 a month is pretty good. I pay more then that for just my electricity. you could try to get it setup with off peak heat and save alot. But I dont think you can do off peak heat with wood backup anymore. Looks like a steal for 73k. You can always retrofit a furnace in the future.

Onefast99gsx
04-25-2007, 09:22 PM
Yes, i know that he pays that much but I don't know his living habits and I don't really know how much wood he burned last winter in conjuction to that. So to heat solely with electric would be alot higher of course. I don't have access to a woods that I could log out for heating wood so I'd have to buy it from someone.

73k is a pretty good deal. That's in my home town which is 12 miles from where i'm at now. That house in my current town would be 90+ easily. I was thinking of getting it and fixing it up and making some money on it.

You can see in the attached pic that it clearly needs something done with the countertops.

twack
04-25-2007, 09:28 PM
My brothers house is all electricly heated. he does have a higher electricity bill but he says it still is cheaper then to have a furnace

AJ
04-25-2007, 09:34 PM
Burn Corn. Seriously, it might be a good thing to look into investing in one of the Bixby (sp?) stoves (Shameles plug for Jet) for heat in the Winter. I know Marks roomate had one at their place in Bloomington as well.

JET
04-25-2007, 11:15 PM
Yep, get yourself a corn burner! I have one in the shop and one downstairs. I also happen to work there full time. Let me know, I could probably hook you up!

Halon
04-25-2007, 11:28 PM
If I wasn't in a townhouse, I'd for sure be burning corn.