Broken heating

mat1982x

Hello,

How much difference to a house sale would broken heating give?

Does it affect the sale price significantly?

I am asking as I am wondering whether it's best to spend £6k to replace very broken! heating in a £260k house? Also would it increase the chance of sale much?

Thanks

Mat

27col

I would think that you would just have to "price to sell". You might find it cheaper to get the heating fixed yourself than to reduce the price to take the non working heating into account. In any event, at this time of year you might well find prospective buyers reluctant to take on an unheated house, unless there was a serious price reduction.

Catbells

I've just bought a house and if the heating had been broken I think I would have requested that it be fixed before I moved in. Doing it yourself might be cheaper than reducing the price of the house.

Depends what's wrong with it though. A new boiler can cost upto £12k. If its a 'power flush' problem - British Gas quoted me £680 yesterday but you can get a Gas Safe private engineer in for less I hope (that's what I'm going to do). Whats wrong with it?

CLAPTON

mat1982x wrote: »

Hello,

How much difference to a house sale would broken heating give?

Does it affect the sale price significantly?

I am asking as I am wondering whether it's best to spend £6k to replace very broken! heating in a £260k house? Also would it increase the chance of sale much?

Thanks

Mat

£6k??? whatever is wrong with the system?

diable

Catbells wrote: »

A new boiler can cost upto £12k.

Not for a standard home.

Owain_Moneysaver

What's the rest of the house like?

If it's a fixer-upper and priced accordingly then people won't be too worried about broken heating as they'd expect to replace it.

If it's otherwise nice, people will think that they can't live in the house immediately, especially at this time of year, and they'll think about all the mess and upheaval involved as well as the actual work.

What's very broken?

BitterAndTwisted

I think you'd be barmy not to have the heating fixed. Imagine what a hit you're going to have to take on the price if the pipes freeze and burst

Tiddlywinks

I'd see that the heating wasn't working, assume the vendor was in the habit of neglecting the property and be much less likely to even go to view let alone make an offer.

Sorry.

CloudCuckooLand

Your insurer will not meet any claims if you have failed to keep the property adequately heated during the winter...hope the tank in the roof doesn't get a leak - it'll cost loads more than £6k to deal with widespread water damage.

What viewers will enjoy looking round a freezing property, feel enticed to view it as a cosy home ? None.

Fix it.

£260k will sell under £250k, anyway...

welshy_2002

the buyer will want you to reduce the price more than the work will cost, due to the inconvenience factor.

Fix your heating

££sc££

£12k?! I had my whole heating system replaced for ~£3k and enjoyed the governments very short-lived boiler rebate

I wouldn't buy a house at this time of year without heating, too many things to do wehn you're moving anyway, let along installing a new heating system