I would like to get some opinions on weather you would do if you were in our position.
Back in March, we decided we were going to heat with wood. We bought a used forced air wood add on furnace ($500), and planned to use it in conjunction with our oil fired furnace as a back up. We had a guy lined up to install a new chimney for the wood furnace for $1400. Then, he called and said he couldn't do the job due to insurance reasons (they said because the furnace doesn't have an automatic damper?). So my brother in law says he can do it and priced materials out at $1100. But here's where the installation of the chimney gets tricky. We need to have a clean out where the flu comes through the foundation and 90*s up. The problem is that where that happens is below grade, and there would end up being a huge hole aginst the side of the house. So we started looking for a combo furnace that we can just hook up to our existing chimney. Problem is that they are ALOT more expensive. We settled on the Charmaster Chalet wood/oil combo. The furnace is going to run us $5500 with shipping. In order to pay for it, we needed a loan. But our credit isnt that great, so our bank asked us to put our van for colleraderal.
So here is what I am going back and forth on...
If we kept the add on that we already bought, we would have no control over the heat output of the stove and we would have to deal with the chimney issue. On the plus side, it would all be paid for.
If we buy the new one, we have easy instalation and the ability to control the temp, plus have a newer more efficiant unit. On the down side, we would be another $6000 in debt.
What would you do in our situation?
Back in March, we decided we were going to heat with wood. We bought a used forced air wood add on furnace ($500), and planned to use it in conjunction with our oil fired furnace as a back up. We had a guy lined up to install a new chimney for the wood furnace for $1400. Then, he called and said he couldn't do the job due to insurance reasons (they said because the furnace doesn't have an automatic damper?). So my brother in law says he can do it and priced materials out at $1100. But here's where the installation of the chimney gets tricky. We need to have a clean out where the flu comes through the foundation and 90*s up. The problem is that where that happens is below grade, and there would end up being a huge hole aginst the side of the house. So we started looking for a combo furnace that we can just hook up to our existing chimney. Problem is that they are ALOT more expensive. We settled on the Charmaster Chalet wood/oil combo. The furnace is going to run us $5500 with shipping. In order to pay for it, we needed a loan. But our credit isnt that great, so our bank asked us to put our van for colleraderal.
So here is what I am going back and forth on...
If we kept the add on that we already bought, we would have no control over the heat output of the stove and we would have to deal with the chimney issue. On the plus side, it would all be paid for.
If we buy the new one, we have easy instalation and the ability to control the temp, plus have a newer more efficiant unit. On the down side, we would be another $6000 in debt.
What would you do in our situation?