If you are in the process of remodeling or fixing up your house to maximize its value before you put it up for sale, you may want to consider replacing your old water heater with a new tankless water heater. There are many advantages to doing this before placing your house on the market. The following are three of the most significant.
Buyers may like the extra usable space available
Because this type of water heater does not store water, it does not require a large water tank, hence the name tankless. The unit is wall mounted, and this gives more room where the old tank once rested. This can mean more room in a laundry area, the garage or other place your current water heater tank is located. In many homes this can offer you a chance to be creative and install shelves, or simply point out the extra space to prospective home buyers.
Buyers will like the savings on utilities
After the initial cost of installation, there is an ongoing energy savings from using a tankless water heater. A standard water heater is designed to keep water at a temperature set by a thermostat. Every time the water cools down below this temperature, the gas turns on to heat it up regardless of whether anyone is using the water. A tankless water heater only heats up water on demand. This translates to energy savings, and is a selling point to a prospective buyer.
Buyers will like how they work
Another selling point to a tankless water heater is that they never run out of hot water. Due to their design, hot water is endless, so a new homeowner will never experience the problem of running out of hot water the way a traditional hot water heater does when people are using more than the capacity of the water tank.
The only downside to a tankless water heater will be the cost of installation. Unless you are a contractor, you will need to hire a professional to install the water heater. This is because this heater has special venting requirements, and it must pass inspection. But you may be able to get a return on the money with a higher selling price. Of course, this will depend upon your local real estate market. You can get an estimate for the water heater plus installation, and then talk to a local real estate agent about how much more you can get for our home by doing this.