Buying a Home !!

satansbedbugs
satansbedbugs On Tour Posts: 2,413
edited October 2012 in All Encompassing Trip
Very excited to tell everyone that we are very close to buying a home , and am looking for some advice about heating systems. The house we are looking at has an oil baseboard heating system in a 2,000 sq ft house. is this going to cause financial hardship in the winter months in the Delaware area where our winters are pretty cold for about 4 months a year. Any input would be appreciated ...Thanks and keep on RITFW !!

SBB
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Comments

  • madtowndave
    madtowndave Minneapolis, MN Posts: 4,013
    satansbedbugs wrote:
    Very excited to tell everyone that we are very close to buying a home , and am looking for some advice about heating systems. The house we are looking at has an oil baseboard heating system in a 2,000 sq ft house. is this going to cause financial hardship in the winter months in the Delaware area where our winters are pretty cold for about 4 months a year. Any input would be appreciated ...Thanks and keep on RITFW !!

    SBB


    We live in WI, and one of the reasons we walked away from a house we really liked was because of the oil based heating system. It can get pricey! If it's your dream house, I say go for it. You can always convert it later.
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  • Get_Right
    Get_Right Posts: 14,239
    Natural gas conversion will cost a small fortune, especially if you do not have a gas line into the house.
    Energy efficient furnace with AC blower (not condenser) can run 10K without duct work.
    Electric base boards may be an alternative, but I don't know how much cheaper that will be.
    Maybe you can get some type of tax relief for the gas conversion.

    Lot of folks here in the NYC suburbs love their wood stoves and gas fireplaces for supplemental heat.

    Make sure you have the closing costs precisely calculated. I ended up paying a boatload more than I had to because I relied on my lawyer for title services and did not shop around. My closing costs were almost 12K.

    Oh and we had about 5k in unexpected expenses our first year as a homeowner. We had a few other failures we Jerry rigged. Make sure you have a cash cushion for that first year. Especially if its an older house.

    Good luck!
  • DS1119
    DS1119 Posts: 33,497
    I can't offer any advice of the heating system but if you choose to follow through... congrats! :D
  • Jason P
    Jason P Posts: 19,432
    I have oil-based heating and it can get expensive. I spent $3K on a Blaze King wood stove which are very efficient for heating. I bought it last year and I figure it will have payed for itself from savings in heating oil in two more winters.
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  • Indifference71
    Indifference71 Chicago Posts: 14,932
    Well this whole process sucks. We had a deal on what we thought was a great house, but had the inspection yesterday and the place is all fucked up. Way too much major stuff wrong with it to move forward with it. Sucks.
  • dankind
    dankind Posts: 20,841
    Indifference71 said:

    Well this whole process sucks. We had a deal on what we thought was a great house, but had the inspection yesterday and the place is all fucked up. Way too much major stuff wrong with it to move forward with it. Sucks.

    Home inspections can be overwhelming. An inspector's job is basically to point out everything that's wrong with the place, and they can offer no solutions or advice or cost estimates about fixing the problems they bring to light.

    We had a similar situation in our recent purchase (home built in 1895), and I wanted to walk RUN away after our inspection.

    My wife loved the house, though, and we were able to negotiate the price down by the amount we figured (along with a structural engineer and contractor) it would cost for us to address the more urgent problems that needed immediate attention.

    We've been there since June 18. One problem is already fixed, and we're working on the other big one. Everything else we can address along the way, I think. It's not a perfect situation, but happy wife--

    I definitely feel and have felt your pain. You gotta do what you think is best for the long haul.
    I SAW PEARL JAM
  • Indifference71
    Indifference71 Chicago Posts: 14,932
    dankind said:

    Indifference71 said:

    Well this whole process sucks. We had a deal on what we thought was a great house, but had the inspection yesterday and the place is all fucked up. Way too much major stuff wrong with it to move forward with it. Sucks.

    Home inspections can be overwhelming. An inspector's job is basically to point out everything that's wrong with the place, and they can offer no solutions or advice or cost estimates about fixing the problems they bring to light.

    We had a similar situation in our recent purchase (home built in 1895), and I wanted to walk RUN away after our inspection.

    My wife loved the house, though, and we were able to negotiate the price down by the amount we figured (along with a structural engineer and contractor) it would cost for us to address the more urgent problems that needed immediate attention.

    We've been there since June 18. One problem is already fixed, and we're working on the other big one. Everything else we can address along the way, I think. It's not a perfect situation, but happy wife--

    I definitely feel and have felt your pain. You gotta do what you think is best for the long haul.
    Yeah man, the whole thing sucks. There were major issues with the foundation, roof, and the backyard slopes down towards the house causing water damage. Obviously we won't get a perfect house, but it was just way too much major stuff that we were willing to deal with. So now we're back on the house hunt.
  • Who Princess
    Who Princess out here in the fields Posts: 7,305
    Indifference71 said:

    Yeah man, the whole thing sucks. There were major issues with the foundation, roof, and the backyard slopes down towards the house causing water damage. Obviously we won't get a perfect house, but it was just way too much major stuff that we were willing to deal with. So now we're back on the house hunt.

    Foundation problems alone would keep me from buying a house. Very expensive to fix. Drainage problems too. Roof, not too bad.
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  • dankind
    dankind Posts: 20,841
    Fingers crossed for you, man.

    If it was just the roof or just the foundation, fine. But both? Yikes!
    I SAW PEARL JAM
  • Indifference71
    Indifference71 Chicago Posts: 14,932
    dankind said:

    Fingers crossed for you, man.

    If it was just the roof or just the foundation, fine. But both? Yikes!

    Thanks man.

    Yeah, there was a won of little shit wrong too in addition to these major things. Sucks because it was the right price and perfect location. Ah well, gotta move on.
  • FoxyRedLa
    FoxyRedLa Lauren / MI Posts: 4,810
    Oh damn that blows. My in laws are have been looking to close on a place for 3+ months now. If I were them I would've walked away by now. Good luck house hunting.
    Oh please let it rain today.
    Those that can be trusted can change their mind.
  • Indifference71
    Indifference71 Chicago Posts: 14,932
    We have a deal! Inspection was last week and everything went well. Met with the mortgage broker last night and everything is looking good. Appraisal is the next step and I don't envision any issues with that. Only bad thing is the sellers asked to push back the closing a week so we'll be closing Sept 24th if everything goes well.
  • dankind
    dankind Posts: 20,841
    Keeping fingers crossed for you.
    I SAW PEARL JAM
  • whispering hands
    whispering hands Under your skin Posts: 13,527
    Who Princess said:

    Indifference71 said:

    Yeah man, the whole thing sucks. There were major issues with the foundation, roof, and the backyard slopes down towards the house causing water damage. Obviously we won't get a perfect house, but it was just way too much major stuff that we were willing to deal with. So now we're back on the house hunt.

    Foundation problems alone would keep me from buying a house. Very expensive to fix. Drainage problems too. Roof, not too bad.
    Basically for the price it costs to fix foundation issues, you could buy another house.. Unless you own mud hacking equipment, and know how to plumb a sunken foundation... , walk away...
  • Indifference71
    Indifference71 Chicago Posts: 14,932
    dankind said:

    Keeping fingers crossed for you.

    We close on the house tomorrow! Can't wait to finally get in there....feels like we've been just sitting here and waiting forever. Having some work done and officially moving in next weekend. Good stuff.
  • SPEEDY MCCREADY
    SPEEDY MCCREADY Posts: 27,200
    Indifference71 said:

    dankind said:

    Keeping fingers crossed for you.

    We close on the house tomorrow! Can't wait to finally get in there....feels like we've been just sitting here and waiting forever. Having some work done and officially moving in next weekend. Good stuff.
    Congrats!!!
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  • 2-feign-reluctance
    2-feign-reluctance TigerTown, USA Posts: 23,461
    Congrats! Big deal! We're about to sell our first home and buy our second in the next 6 months.
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  • rr165892
    rr165892 Posts: 5,697
    First Congrats and best of luck.
    Second,if you buy a house in Florida you don't that ridiculous heating system.
  • Indifference71
    Indifference71 Chicago Posts: 14,932
    Thanks! I see a lot of youtube instructional videos on how to fix shit in the future for myself. Not exactly a handyman over here.
  • SPEEDY MCCREADY
    SPEEDY MCCREADY Posts: 27,200
    Indifference71 said:

    Thanks! I see a lot of youtube instructional videos on how to fix shit in the future for myself. Not exactly a handyman over here.

    In the next few months, you will make 4,375 visits to Home Depot.
    Take me piece by piece.....
    Till there aint nothing left worth taking away from me.....

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