Tankless Water Heaters and Home Resale Value: Is It Worth the Investment?
When it comes to enhancing your home’s value and functionality, upgrading to a tankless water heater is a decision worth serious consideration. Modern homebuyers are looking for energy-efficient, space-saving, and environmentally friendly features—all of which a tankless water heater delivers. At Ohio Buckeye Plumbing, we specialize in helping homeowners make informed decisions that benefit both their daily lives and their long-term investments. Let’s explore how tankless water heaters can increase your home’s resale value and why they are an upgrade worth considering.
How Tankless Water Heaters Add Value to Your Home
Energy Efficiency: Save Money and Reduce Your Carbon Footprint
Tankless water heaters are well-known for their energy efficiency. Unlike traditional water heaters that continuously heat and store water in a large tank, tankless models heat water on demand. This means you’re not paying to keep gallons of water hot all day, even when you don’t need it.
According to Energy.gov, tankless water heaters can be 34% more energy efficient for homes using 41 gallons or less of hot water daily. Even households with higher water usage, remain 14% more efficient. These energy savings translate directly into lower utility bills, with homeowners saving around $80 per month on average.
Beyond the cost savings, installing a tankless water heater also reduces your home’s carbon footprint. This eco-friendly upgrade appeals to today’s environmentally conscious buyers, making your property more attractive in a competitive housing market.
Free Up Valuable Space
Traditional tank water heaters are bulky, taking up 10 to 15 square feet of floor space in your garage, basement, or utility closet. In contrast, tankless water heaters are wall-mounted and compact, giving you back that space for storage or other uses.
For potential buyers, this added space is a big selling point. Buyers can envision using the freed-up area for organization, a small workshop, or additional storage. By installing a tankless water heater, you’re offering practical functionality while improving your home’s appeal.
Embrace Modern Technology
Homebuyers today prioritize modern, energy-efficient upgrades. Features like smart thermostats, energy-efficient HVAC systems, and tankless water heaters are no longer considered optional but essential for many.
Tankless water heaters align with these trends by incorporating advanced technology for efficiency and convenience. Some models even offer digital temperature control and integration with smart home systems, making them a seamless part of a modern home.
Appeal to Eco-Conscious Buyers
Sustainability is a priority for many buyers today. A study by the National Association of Realtors shows that eco-friendly features like energy-efficient appliances and water-saving fixtures often command higher resale prices. Tankless water heaters are an excellent example of such an upgrade. They use less energy, require fewer materials to manufacture, and last longer than traditional tank models—helping reduce waste in the long term.
By investing in a tankless water heater, you’re not only appealing to this growing demographic but also contributing to a greener future.
Long-Term Cost Benefits: An Investment That Pays Off
While the initial cost of a tankless water heater is higher than that of a traditional tank model, the long-term savings make it a wise financial decision. Tankless water heaters last up to 20 years, compared to 10-15 years for traditional models. Over time, this durability and efficiency can save you thousands of dollars on replacement and operating costs.
Additionally, tankless systems are less prone to leaks and water damage, reducing repair costs and the risk of costly home damage. For potential buyers, knowing that they’ll save money in the long run can be a major selling point.
Why Buyers Love Tankless Water Heaters
Reliable Hot Water Supply
With a traditional water heater, running out of hot water is a common frustration, especially in larger households. Tankless systems solve this problem by heating water on demand, providing an endless supply of hot water no matter how many showers, loads of laundry, or dishwashing cycles are happening at once. This reliability is a big draw for buyers who value convenience and comfort.
Modern Design and Aesthetic Appeal
Tankless water heaters aren’t just functional; they also look sleek and modern. Their compact, wall-mounted design blends seamlessly into any space, whether it’s a utility room, garage, or even an exterior wall. For buyers who prioritize aesthetics and modern design, a tankless water heater is a clear upgrade over a bulky traditional tank.
Faster Selling Times and Higher Resale Prices
Studies show that homes equipped with tankless water heaters tend to sell faster and at higher prices. According to Zillow, homes with tankless water heaters sell 43 days faster on average and for up to 4% more than expected. This combination of speed and profitability makes installing a tankless water heater a strategic move for homeowners looking to sell.
What to Consider Before Installing a Tankless Water Heater
While the benefits of a tankless water heater are clear, it’s essential to ensure that the installation is done correctly and that the unit is suited to your home’s specific needs. Here are some factors to keep in mind:
- Water Usage: Choose a model that can handle your household’s hot water demands. A professional plumber can help you select the right size and capacity.
- Energy Source: Tankless water heaters are available in electric and gas models. The right choice depends on your home’s existing utilities and your energy efficiency goals.
- Installation Requirements: Tankless systems may require upgrades to your home’s plumbing or electrical system. Work with a licensed plumber to ensure a smooth installation process.
At Ohio Buckeye Plumbing, we’ll guide you through these considerations and ensure your new tankless water heater is installed correctly and efficiently.
Why Choose Ohio Buckeye Plumbing for Your Tankless Water Heater Needs?
At Ohio Buckeye Plumbing, we’re committed to providing expert guidance and quality service to homeowners across Strongsville and Northeast Ohio. Our team has extensive experience installing, maintaining, and repairing tankless water heaters, ensuring your system runs smoothly for years to come. Here’s what sets us apart:
- Expert Installation: We’ll assess your home’s specific needs and recommend the best tankless water heater for your lifestyle and budget.
- Transparent Pricing: No surprises—we’ll provide upfront, honest pricing for your installation or upgrade.
- Comprehensive Services: From maintenance to repairs, we’re here to support you throughout the lifespan of your tankless water heater.
- Customer Satisfaction: Your satisfaction is our top priority. We’re not happy until you’re thrilled with our work.
Make the Smart Investment Today
Installing a tankless water heater is more than just an upgrade—it’s an investment in your home’s value, functionality, and sustainability. With benefits like lower energy bills, additional space, and modern technology, it’s no wonder that homes with tankless water heaters sell faster and for more money.
If you’re ready to elevate your home’s appeal and enjoy the benefits of endless hot water, contact Ohio Buckeye Plumbing today. Give us a call at (440) 283-9377 to schedule a consultation with our experienced team. Let us help you take the first step toward a smarter, more efficient home. Serving Strongsville and the entire Northeast Ohio region, we’re here to meet all your plumbing needs.