FRANK PERKINS
Freshman Member
- Joined
- Jan 3, 2005
- Professional Status
- Licensed Appraiser
- State
- California
Opinion please on how to handle a situation where the home originaly had a wood burning stove which has been removed.
This is in an area with a mild climate where some people who have gas wall heaters or forced air units do not use them.
In this situation the owner indicated they had removed a wood burning stove becuse it was not used.
The owner/borrower was asked what they used to heat the home. The response was: "If we needed heat we would use electrec radiant heaters".
Opinion please: Is is logical note "none" and give an estimate of Cost to Cure to install a wall heater in this situation? The estimated cost (National Building Cost Manual) is $800 to @1,000 for a gas duel wall unit. This is an area of 40 to 50 year old homes, most with gas wall heaters, some have been upgraded to fwa (fau) units.
If this were a purchase would you use the same logic?
This is in an area with a mild climate where some people who have gas wall heaters or forced air units do not use them.
In this situation the owner indicated they had removed a wood burning stove becuse it was not used.
The owner/borrower was asked what they used to heat the home. The response was: "If we needed heat we would use electrec radiant heaters".
Opinion please: Is is logical note "none" and give an estimate of Cost to Cure to install a wall heater in this situation? The estimated cost (National Building Cost Manual) is $800 to @1,000 for a gas duel wall unit. This is an area of 40 to 50 year old homes, most with gas wall heaters, some have been upgraded to fwa (fau) units.
If this were a purchase would you use the same logic?