Quoted: If you really are set on the house you could try adding a high efficiency gas heater that vents out the wall to suppliment the electric.
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The method of heating is an important buying factor,
however, if the deal is right on the house, it's definitely not a deal breaker.
I agree with the location comments, one area near me has a contract with the electricity co. I guess a land use 100yr agreement or something. Anyways, everything in that surrounding area, from cooking to heating, is done with electric. Dirt cheap.
I have an old gas furnace and hot water baseboards. Its fucking expensive to keep this house at 60* when temps hit 0* Combine that with hot water (laundry/shower) and the stove and oven... this adds up.
Electricity is cheaper here. Therefore I have all kinds of options to cover the cooking and heating aspect. I have an oil filled space heater which works great, and I don't feel it on my bill. My furnace hardly runs.
I also ran AC alot this past summer, and a dehumidifier full time. My point here is that, it seems appliance efficiency has really come a long way, as back in the day, AC alone would double the monthly bill. Look into a new furnace, maybe a modern unit will make a huge difference. I never actually heard of electric baseboards, but I'm guessing it has to have a main unit.
As far as whole house heating is concerned, I'd look at pellet stoves.
My plan for buying a house includes upgrades. The more effort put into increasing the efficiency, the more money you'll save in the long run. Windows, siding, insulation, etc... just eliminating drafts, and covering the windows, goes a long way towards reducing the heating costs.