I just purchased an older home (1925) which has a gas-fired boiler for steam heat. The home inspector showed that the low-water cutoff valve isn't working. He also suggested that the pressure-relief valve be replaced.
The boiler appears decades old, but the inspector suggested that as long as it doesn't leak I simply maintain it as necessary. I'm having a heating repairman over tomorrow to have a look at it. He estimated by phone that the cost for the low-water cutoff valve would be about $350. I asked about the cost of a replacement boiler and was told about $1,200 plus the cost of fittings, radiator valves, etc.
Considering the age of the boiler, I'm inclined to replace it rather than have it repaired. My assumption is that the existing boiler's efficiency would be much lower than any current unit and, consequently, I should realize some appreciable fuel savings.
I would appreciate any comments or suggestions.
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