Prudential Connecticut Realty
9R Hartford Avenue
Granby, CT 06035
My overall philosophy when counseling sellers about making renovations to their home for the express purpose of selling is to only make those changes or upgrades that will sell your house for a high enough price that the increase in value MORE than covers the cost of the upgrade. More often than not, a change will increase the value of the home but not by as much as you put into that change. If you spend $5000.00 changing something for the sale, but only sell the house for $3000.00 more, the change was not worthwhile.
I would hold off on replacing the heating system (unless it is so old that it would need to be replaced regardless of fuel type to function properly). As other agents have said, there are other options to overcoming a buyer's potential objection to electric than replacing the system up front.
Good luck with your sale and let us know if you have any other questions!
In my opinion, I think you'll have an easier time selling it if you don't have electric heat. But you have to weigh the costs and what you're replacing it with.
Engel & Voelkers West Hartford
Licensed Real Estate Agent & Appraiser
103 Memoral Road, West Hartford CT
Based on my experience with Simsbury buyers, most are going to frown upon having electric heat. I would advise pricing the home well compared to your competition in town that doesn't have electric for heat. If buyers find enough value in the house and is priced appropriately they will probably decide to either live with it or change it once they move in. Its best to get the house on now and not to miss this great spring market we are currently in! Kathleen Shippee, Coldwell Banker
Associate Broker, Massachusetts, New York, and Connecticut
Berkshire Property Agents
12 Railroad Street
Great Barrington, Massachusetts 01230