Families looking to sell their home commonly invest in projects that boost the equity and curb appeal. Some projects add more value to the property than others, so homeowners must make educated decisions about how to invest their home improvement dollars. The right upgrades will make the home easier to sell and earn a healthy return on the initial investment. Likewise, current residents will be able to enjoy a nicer home life for the duration of their stay. Tankless water heaters are one of the most effective solutions for improving home value, as the appliance boasts several relevant benefits for the home.
Boost home efficiency
The main draw for home sellers to upgrade their water heater is the increased efficiency provided by a tankless water heater. Standard storage tank heaters are incredibly inefficient, utilizing at most 65 percent of heat generated by the appliance to control water temperatures. Tankless models, in contrast, are able to deliver 99 percent thermal efficiency. As a result, tankless water heaters are 24-31 percent more energy efficient than standard models, says the U.S. Department of Energy. This Old House likewise recognizes green upgrades as a top strategy for improving a home's value and notes that the demand for energy-efficient homes is greater than ever.
Tankless water heaters will also provide a unique draw for home buyers that prioritize green home design. Many of these homeowners have long term goals to qualify their home for the U.S. Green Business Council's LEED certification for residential properties. Owners with LEED certified homes are awarded with recognition for their efforts in leaving a small carbon footprint and the ability to pay consistently low utility bills. Tankless water heaters are a valuable upgrade for looking to earn as many LEED points as possible.
Reduce monthly maintenance
Homeowners are hesitant to invest in properties with heavy maintenance needs. After all, routine upkeep is expensive and inconvenient. That's why home sellers can make their homes more appealing by replacing old appliances that are likely to breakdown. Traditional water tanks become more inefficient as they past a decade of service. Corrosion and mineral buildup compromise the appliance's performance and force homeowners to pay for expensive flushing repairs. Tankless water heaters require far less maintenance by comparison, and some models are designed to automatically flush mineral deposits.
Increase interior space
More home buyers are purchasing properties in order to renovate them from the ground up, and these buyers prioritize space and ease of redecorating when they look to purchase a new space. Tankless water heaters are typically a tenth of the size of storage tank models, so homeowners looking to maximize space should consider the benefits of a tankless model. Homeowners can even install multiple, localized heaters that take up even less space in homes with multiple floors.
Upgrade bathroom fixtures
HGTV ranks new luxury bathroom fixtures as a highly effective investment for boosting the value of a home. However, upgrades like Jacuzzi baths require a steady flow of hot water for full functionality. Homeowners who invest in high-end bath fixtures will also need to purchase a tankless water heater that can provide instant hot water. Storage tank heaters take time to heat up additional water once the reservoir has been emptied, and this delay could quickly spoil a hot bath in a new Jacuzzi tub. Installing a tankless water heater ensures that homeowners can fully leverage their bathroom upgrades for a better sale price.