DH and I were discussing what it would cost and whether we should put in a/c in our place. We moved in 2017 and didn't do it when we did a major remodel of our house. We had a furnace and I had a few HVAC guys come and talk to us. They said our furnance was old and would have to be replaced within 5 years. It was 20+ years at that time. They said if it were them they would wait and do it later because we were spending a lot and why not just wait until it started to give problems then do everything at once. Made sense right?
I mean we had just poured in $50k in our place in cash, then we had $10k for the driveway coming up after we finished the renovations, and we ended around $60k for the renovations then we waited a year for the stuff to settle and poured the driveway. During this time we totally forgot about the A/C. Then last year covid happened and we built the shed that was around $20k. So we've now sunk like $90k into our house.
I will say every penny of the renovations I have enjoyed. I am so glad we did it as soon as we moved in and lived upstairs while we did downstairs and garage. Even if we don't see a return on investment we enjoyed it that the $ for $ value of the renovations are worth it.
The question now is whether the new furnance with A/C is worth it? I mean I don't know how long we'll be here so we probably won't get as much pleasure out of it as if we had done it back in 2017. But at the same time we did save the $10-15k it'll cost us then for now. On the con side we have less money now than we did then due to our circumstances. The pro side is our house has appreciated a ridiculous amount in 4 years and we made back our renovations and more by a lot.
So will this renovation pay off? I have a call into costco to get pricing on what it will actually cost us to do this replacement.