But when the pandemic hit and we both had to take pay cuts, that ductless heat pump downstairs saved our bacon
When we bought this house, we knew that it was really out of our league. This was true when we first walked through the place with the realtor. The asking price was about ten grand more than the top end of our budget. And honestly, the top end of our budget was stretching it already. But we were able to negotiate the price a bit because we were willing to replace the HVAC equipment ourselves. This brought the price down substantially and allowed us to spend on great residential HVAC. Still, my wife and I knew that we were sort of going to be pressed a bit to enjoy the quality heating and air of this house. The mortgage was big and it took up more of our budget that we had hoped. But we did something with the HVAC that would change that for us. The house came with a fully finished basement. There was a bathroom, shower and about 700 square feet of space. So we had the HVAC company install a ductless heat pump in the basement. With good quality heating and air in that space, we were able to rent it out as an apartment. When we first did this, we weren’t exactly sure that we would need to rent out the basement apartment. Yet, having the air conditioning down there was great for when guest visited as well. But when the pandemic hit and we both had to take pay cuts, that ductless heat pump downstairs saved our bacon. We were able to cover almost 70 percent of our mortgage with the rent from the basement apartment.