Gold Supporting Member
- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
Ever heard of this? It's some kind of heat system that uses water from the hot water heater to heat the house. From what I could see, water pipes from the water heater go into the air handler for the HVAC unit. What it does or where it goes from there, I don't know. I suppose it coils around and returns to the water heater. I saw it in a house today, and the owner, who has lived there for 28 years, tells me he has never used it and doesn't know how it works. I repeat, he has lived there for 28 years and has never used the heating system. He does have a wood stove in the basement that was burning wood while I was there to heat the house, but I find this really hard to believe. At least once in 28 years, you would think they would have tried to turn on the heat. So I'm thinking, it probably doesn't work and he is trying to downplay its importance. What would you do? Make the appraisal contingent on an inspection from a qualified HVAC guy? Assume it doesn't work & adjust for the cost to install a proper heating unit? Make the extraordinary assumption that it does work, and then adjust for market reaction to the only house in 100 square miles with this type HVAC? And make this adjustment with no hard market data, because as I said, there are no houses in this area with this type HVAC to get a market reaction from? Remember I said he has been in this house for 28 years; the water heater AND this funky heater look to be about 5 years old. Does this tell you something? I think maybe he bought this from some slick salesman and ended up with a pile of crap in his basement. What say you, oh Wise Forumites? I need input!!!