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Old 09-13-2004, 01:42 PM
MARY JORDAN MARY JORDAN is offline
 
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Has anyone given a value to a home w/ a generator wired to the house or connected to the natural gas line? Ran across one that has large generator that runs the entire house that is hooked into the natural gas line and if that is damaged for some reason you can connect a propane tank to it.

Anyone seen one and how much value if any do you put on it?
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Old 09-13-2004, 01:55 PM
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Pamela Crowley (Florida) Pamela Crowley (Florida) is offline
 
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I'm moving this to the General Forum as answers might be available from other states.
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Old 09-13-2004, 02:16 PM
Randy Beigh Randy Beigh is offline
 
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Mary

In 1999, our newspaper ran a story with a picture of a guy that was installing a $50,000 generator. The picture showed a crane lowering this thing down to its site. The owner was doing this because of Y2K. Guessing, he probably feels like an idiot. :lol:

Unless your market could be shown to justify this or that anyone would pay for it, I would disclose its existence, but give them no addtional value.

I am assuming the subject is also on the power grid. If not, there could be some financing issues.
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Old 09-13-2004, 02:36 PM
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Farm Gal Farm Gal is offline
 
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Fisrt off: Do they pay for the gas? Didja ask?

SERIOUSLY. don't be laughing!

Some properties with mineral rights have 'free gas'... with the result that they can meet ALL their power needs... from the 'free' gas.

It has some definitive value in THAT case, tho proving it is a headache...

Other wise any perceived value has more to do with the relative cost of the one type of energy over the other ... what does it cost them versus the average for the same house using 'traditional' energy?

My Mother in Law used to run a gas AC unit... it was chepaer for many years. So did most of the major businesses in this area. We have it mothballed... in case one of two things occur:

1. They strike gas on our land (possible - a company pays each year for the right to search and develop if found)
2. Nat Gas once again becomes the less expensive choice for cooling.

Otherwise that AC unit would have gone to the dump. But an AC unit is virtually 'unbreakable'... and gas generators come real close.

Ice seldom disrupts useability of gas
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Old 09-13-2004, 02:42 PM
Travis McGee Travis McGee is offline
 
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I live in florida where it could be extremely valuable- but I guess the question is how much value in case of power outages? It is kind of an "oddball" improvment like a storage site or double size garage etc etc- useful indeed in emergencies but how much extra would someone pay? Maybe 1/3 the cost to install?
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Old 09-13-2004, 08:56 PM
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They are common in my area, but have never given them much value. An LP unit can be had for aroun $1,800-$3,000, depending on the size. I have a small back up generator on my house, and it only cost me $500 to get the panel box, and all wired in by a pro. Unless you had a situation like Lee Ann noted, with free natural gas and all the power you wanted, I'd wouldn't give it much value.
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Old 09-13-2004, 09:19 PM
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Nancy Wyatt Nancy Wyatt is offline
 
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My parents have one in the garage that can be used for the entire home. She does not even know when the power goes down till someone calls her. I think it was around 20K.

I think they're cool. I would pay extra for a nice one. How much? Depends.
  #8  
Old 09-13-2004, 09:20 PM
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Bobby Bucks Bobby Bucks is offline
 
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Quote:
Originally posted by Randy Beigh@Sep 13 2004, 02:16 PM
In 1999, our newspaper ran a story with a picture of a guy that was installing a $50,000 generator. The picture showed a crane lowering this thing down to its site. The owner was doing this because of Y2K.
I treat them like I would an elevator......... normally with a contributory value.......in some neighborhoods they’re not entirely uncommon and I can find sales with them although for the cost, they’re only 2-3 times what a fireplace typically is......... powered by natural gas, diesel or propane. I would make sure it’s not one that can be loaded into a truck in 5 minutes. I’ll bet there are more than a few in Hollywood....I have a relative in Dania and he has one.............Randy.......$50,000??????????? Was the guy’s last name Gates? :lol:
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Old 09-13-2004, 09:28 PM
Larry Lyke Larry Lyke is offline
 
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Mary --

Those kind of things need to meet a market test of desirability. Some people with money just clutter their homes up with excess hoping that others will find it attractive. They don't always spend wisely. Nor do they necessarily consider it as part of their "investment."

I did a $1,425,000 property last year that had a new $65,000 generator and a 400-foot heated paver driveway!! There's only about 3 others in the whole metro of a population of 4,000,000.

I gave a little for the generator and nothing for the driveway. I explained the latter might sway the difference in a buyer's decision to choose this house. But that would be it. The neighborhood topped out at about $1,500,000.

Never heard a peep from the LO or anybody.

L- in MN
  #10  
Old 09-13-2004, 09:46 PM
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Funny you should ask about that.

I just asked the same thing to my mentor.

Just did a "compound"

Huge generator like you explained. 10 foot wood fence surrounding the 1 acres lot.

12 foot chain fence surrounding the wood fence with electrical fence attached.

Dug out bunker under the basement with cots, canned goods, water, and GUNS. YAaaaa Hoooo.

Iron bars on the windows (this is NOT the ghetto very nice neighborhood)

Five camera surveillance system. With a monitor in ever room.

The the most interesting.....an 8+ stall building filled with Mobil homes ( for survivors)

The entire time I viewed this "compound" I was lectured on WW III. Guns every where. Basement filled with enough computers to run the FBI.

This guy wants value for his "improvements" :rainfro: :rainfro:
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