Do You Pay for Propane When Buying a House?
Posted on November 30th, 2022 by Devine Bros
When you purchase a home that uses propane, there are a few things you should keep in mind regarding payments. Will you be responsible for paying the propane bill, or will your homeowner’s insurance cover it? This guide will help shed some light on the topic so you can be prepared when buying a propane-fueled home.
One factor that can affect whether or not you need to pay for propane when buying a home is the season. If you are purchasing a home during the winter months, then it is likely that the seller will include the cost of propane in the sale of the house. This is because most people use propane to heat their humble abodes during winter. However, suppose you are buying a home during the summer months. In that case, it is less likely that the seller will include propane in the sale since people typically use less propane to power their appliances during the summer months.
Another factor that can affect whether or not you have to pay for propane when buying a property is the seller’s agreement. Some sellers may agree to include propane as part of the purchase price, while others may refuse to do so even if it is common in the area where the house is located or if it is wintertime. It depends on the seller’s personal preference and agreement with the buyer.
Generally speaking, it is more common for sellers to include the cost of propane in their asking price during winter months or if they live in an area where propane powers many homes. However, some sellers may try to negotiate the cost of propane separately, regardless of these factors.
So, Who Pays for Propane?
In short, the owner of the propane tank is responsible for its upkeep, including paying for refills as needed. Homeowner’s insurance may cover the costs of replacing or repairing a propane tank if it’s damaged due to a covered event, like severe weather. But, if you need to have the tank refilled because you used all the propane, you’ll be responsible for those costs. Whether you pay for your propane through a plan with your propane supplier or pay as needed, make sure to factor these costs into your budget when purchasing a home that uses this fuel type.
Propane Delivery in Fairfield County
With over 100 years of experience, Devine Bros. ensures that residents and businesses of Norwalk, Connecticut are never out of fuel with our automatic propane delivery service. Whether you need heating system replacement or building supplies, our professionals are here to help.
Get in touch with us at 203-866-4421 or online to get propane delivered to you.