Purchasing Condo, Original HVAC
I’m by no means a professional when it comes to HVAC, but I’m going to do my best to explain the situation and keep it brief.
I’m buying a condo in a high rise that was built in the 70s. All utilities are included in the HOA including heat and AC. We purchased the property with no inspection, as our understanding was there was really nothing to inspect aside from appliances and toilets.
We discovered today tenants are actually responsible for their units HVAC, but the heat and AC getting to the units is controlled by a boiler that the building operates and maintains. Essentially the unit just has a blower that turns on/off by the thermostat based on the unit temp.
The units HVAC and thermostat are original from the 70s. Finding out I am responsible for them after reading the HOA docs gives me pause, considering I have no idea how much it’s cost to replace or the current condition.
If anyone has experience on how much this would roughly cost to replace, I’d greatly appreciate if you could share the knowledge. I have 24 more hours to back out after reviewing the HOA and am trying to decide best action.
Extra caveat, I’m buying from an estate. The owner died, and the HOA won’t share any specifi details about the repairs with me and refer me to the owner. Who’s dead.