Total Damage . . . $7K :(

iVillage Member
Registered: 04-10-2003
Total Damage . . . $7K :(
12
Thu, 01-05-2012 - 8:40pm

So I had a few quotes for furnaces. Once all is said and done, I am out of pocket $7k :(

The good news:

1) The install happens tomorrow. I am considered a priority because I am considered a "no heat" home and therefore they bump the other jobs (which are homes that are under construction);

2) I ended up replacing the furnace and air conditioner. With the package deal and rebates that are ending in March, it only cost me about $2K more if I did it now versus $4k if I wait.

3) My AC is in a really odd spot. They are going to relocate it to the other side of the house;

4) The furnace and AC are highly efficiency and will save a boat load on utilities (no wonder they were so high for one person)

5) I got a 6 month deferred payment program so no payments and no interest for 6 months. That will give me time to get the rebates as well as my tax return. In the meantime my mortgage is up for renewal so I may look into a line of credit to get a low rate.

All in all I'm suprisingly calm for someone who just dropped $7k. Oh well. Life goes on . ..


Bex -

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iVillage Member
Registered: 03-27-2005
Fri, 01-06-2012 - 7:19pm

Personally I would have paid cash to fix the old unit to get you through the

Community Leader
Registered: 08-25-2006
Fri, 01-06-2012 - 4:48pm
Glad you are OK with it all. Kind of like my $2,800 transmission rebuild. I mean, what else are you going to do?

I figure by the time I have some equity in my house again it will time for a new roof. Such is life...
Serenity
iVillage Member
Registered: 11-14-2008
Fri, 01-06-2012 - 1:51pm

Uhhg! See no one can plan for everything. But I love how you have it figured out how to pay for it already. I'm with Marie. I'm glad you didn't start that reno yet. I would save for it before I started it. There are too many unknowns. Or...do it in stages. Its not all or nothing with a reno like that especially with mom out of there. Baby steps.

iVillage Member
Registered: 07-15-2003
Fri, 01-06-2012 - 12:50pm

You will make it through this!

Soon you will be loving your new units and your lower bills. Keep your spirits up!


 


Daisypath Anniversary Years Ticker

iVillage Member
Registered: 10-01-2008
Fri, 01-06-2012 - 12:38pm

Here's a 'power' flake challenge for you Bex.

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 04-10-2003
Fri, 01-06-2012 - 11:23am
Thanks Kate,
Sadly, I am including the rebates with the $7k number (ick). I have the energy audit scheduled for tomorrow at 11 and I am going to get him to come back asap so that I can get the rebate in asap (it takes 3 months!). The rebates will go right to the loan!

Bex -

iVillage Member
Registered: 04-10-2003
Fri, 01-06-2012 - 11:22am
Hi Marie,
Mortgages are not a tax deduction in Canada (I wish they were . . . it would be so awesome for me!!!)
Yes, I should be getting the raise between March and May (depending on when it goes through). My boss pulled me aside yesterday and told me that was the plan! I am hoping it will be at least $10K of which I would take home about half (so about $200 more per paycheck). That would be HUGE!

Bex -

iVillage Member
Registered: 10-09-1999
Fri, 01-06-2012 - 10:51am

Bummer that it costs $7k, but glad you are getting one installed & have a plan of attack.

iVillage Member
Registered: 12-31-2010
Fri, 01-06-2012 - 10:28am

Bex -

This is recoverable.

#Marie
iVillage Member
Registered: 11-02-1999
Fri, 01-06-2012 - 9:35am

Aw Bex, I know it hurts to drop that kind of "cash", but you've got a plan and it sounds like all in all you've got a pretty good deal.










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