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Any experience with oil heating systems?
We put an offer on a 700sf home for my daughter that has an old oil heating system in the basement.
We have calls into h&c contractors to get an idea of how much it will cost to replace the system with forced air. If you've sold a home with a system like this, how much has it cost to replace and how much is it to remove the old oil tank from the basement?
Fri May 16 2008, 03:57 - Michigan - Home Buying - 4 answers
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Thanks for the help Don, Gary & Kathy! Sounds like everyone was right on target as we just got a quote of about $3,000 since there is already a gas line in the house.
Sat May 17 2008, 06:48 Web Reference: http://MichiganMoves.com
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I had an oil furnace before the gas line was run down my street. We have hot water baseboards which are very efficient, quiet and clean because there is no dust going through duct work. We replaced the furnace at a cost of about $3500. The gas line charge was based on cost per running foot. To get the line installed, you need to get on the schedule. It took 2 months for them to install the line from our initial call.
We installed central air conditioning and ducts in the attic later at a cost of about $10,000. I hope that helps. www.AnnArborTalks.com Fri May 16 2008, 05:55 Web Reference: http://www.GuaranteeTeam.com
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I'm not experienced in this but do have a suggestion. Check on the cost of having a gas line run to the home. Hopefully that's not the reason there is still an oil furnace. In 2000 I had a larger furnace replaced, the cost was $3,000 for 100,000 BTU. (gas to gas)
I was able to find this about tank removal. http://www.doityourself.com/stry/oilfiredfurnace Fri May 16 2008, 05:06 Web Reference: http://mi-living.com
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The cost of replacing an oil heat system with another depends on a variety of factors. For instance, is there ductwork in place? Probably not. If not, are there areas to conveniently run ductwork (a crawl space, attic space, etc.)? What type of system are you replacing the oil heating system with? And, though you didn't ask, there's also the question of the cost of the new fuel versus the cost of oil...the ongoing costs.
Only a good HVAC contractor can give you a good number. But you might be looking at $3,500-$7,000, depending on the variables involved. Fri May 16 2008, 04:20
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