If you are in the market for a second home, congratulations! Not only can you look forward to having a place to relax, you also can garner some tax benefits for that place in the mountains or at the beach.You can use several tax breaks:That's a total of $1.1 million of debt, not $1.1 million on each home.) The rules that apply if you rent the place out are discussed later. Property taxes. You can deduct property taxes on your second home, too.
If you want to convert from an electric furnace to a gas furnace, you will need to have gas piping and ductwork installed first. This will add an additional up-front cost to the furnace and installation process of around $5,000 to $15,000 or more depending on the space.s with gas and electric furnaces, installation costs are generally higher for the pricier furnaces since they are installed by HVAC professionals with more experience. The oil furnace prices listed below are based on the size of a furnace needed to heat a standard home that is 1600-2000 square feet.
1 The cost to connect natural gas from the street to the side of your home with a gas meter fitted is $125 (inc GST) for a standard gas connection (billed by AGL). 2  These costs exclude any additional charges which may be incurred as a result of a non-standard gas connection (paid prior to connection).