Post # 1
DH and I have started the process of buying a house. We’ve set a budget, gotten preapproved for a mortgage, met with realtors and picked one, and started looking at houses. So far we’ve looked at 6 and found one today that we just love! The problem is, it has gas heating. DH is very concerned this will be very expensive. The house is a short sale so we can’t ask the current owners what their past utility bills are. So, is gas or electric cheaper? We’re in the Richmond, Virginia area if that helps.
Also, how do you know when you’re ready to put in an offer? DH and I were thinking about going to see it 1 or 2 more times and then maybe taking his dad to see it and get an outside opinion. Thoughts?
Post # 3
Can you ask neighbors if they are willing to share their average summer and winter costs?
Can you get an estimate on what it would cost to renovate it to electric?
Post # 4
Very unscientifically, (at least out here), I think gas is cheaper than electric.
As far as when to put in an offer, we made sure that the property met all of our needs and enough of our wants and then it just had to feel right. J knew within probably 5 minutes of walking in the door that he wanted the house we bought. I knew we’d be putting in an offer within 20 min even though I had seen it on “paper” and written it off.
Post # 5
@lefeymw: Those are both good ideas!
Post # 6
My dad is a home inspector – gas is WAY cheaper! Electric heaters cost a ton. You should talk to a realtor and a home inspector about things like this.
Post # 7
@Brianalaura: Good deal. I thought so. For example, it costs about as much to heat our 800 sq ft apartment with electric baseboards as it does to heat our 1860 sq ft house with gas powered hot water baseboards but I thought it might also be because the windows in the apartment are crap.
Post # 8
It depends on the area you are in. In my area gas is cheaper and IMO a more comfortable heat. When we bought our place I was determined to have electric, it is all I have known, but I am so glad that the FH convinced me otherwise. Once I learned to light the pilot lights, I love it. We have it in our kitchen also, and once I learned to cook on it, I would never go back.
You can call the utility companies and get the average monthly cost of the utilities for the house. That was something I learned when I worked in the apartment industry for awhile.
Post # 9
In my opinion gas is sooooo much cheaper. I grew up with oil heat and didnt know what to expect, but its amazing how much we save with gas.
You can call the utility company and they will give you an average. We did that for water, gas, and electric.
Post # 10
- Wedding: September 2010 - MacLean Park
I’ve got gas heating, a gas water heater, and a gas fireplace. I live in South Texas, so I’m not sure what the costs of heating more than a couple of months would be, but it is cheaper than running our A/C in the summer. And I take a ton of hot baths, use the fireplace at least once a week, and crank up the heat. Our bill was about $80 last month, when normally it’s around $20 in the summer. Hope that helps!
Post # 11
Gas is way way way cheaper. Electric heat is the least efficient/most expensive heat you can ave. This from someone living in New England 😉
Post # 12
@tksjewelry: Thanks for the suggestion! I think we’ll do that!