Tankless Water Heaters and Home Resale Value: Is It Worth the Investment?
If you’re considering ways to enhance the value of your home, installing a tankless water heater is a smart move. According to a study conducted by Zillow, homes equipped with tankless water heaters were sold for 4% more than expected and spent less time on the market, selling 43 days faster on average. At Ohio Buckeye Plumbing, we understand the importance of maximizing your home’s value. In this article, we’ll explore how tankless water heaters can impact your home’s resale value, making it an investment worth considering.
How Tankless Water Heaters Increase Home Resale Value
- Energy Efficiency for Long-Term Savings
Tankless water heaters are recommended by Energy.gov as a more energy-efficient option for homes. These units can be 34-14% more efficient than traditional tank water heaters, depending on your daily water usage. Besides reducing your carbon footprint, opting for a tankless water heater can lead to substantial cost savings. On average, homeowners who switch to tankless save approximately $80 per month on their electric bills. While there is an initial investment, the long-term savings make it a financially wise decision.
- Create Additional Space
Traditional tank water heaters occupy significant floor space in garages or basements. In contrast, tankless water heaters are wall-mounted, freeing up valuable real estate and providing 10-15 square feet of extra space. This added storage potential is highly appealing to potential buyers, who envision the possibilities of utilizing the area for their storage needs. By installing a tankless water heater, you not only improve functionality but also enhance the overall attractiveness of your home.
- Keep Up with Technological Advancements
In today’s housing market, features such as wireless security systems and EnergyStar rated HVAC units have transitioned from being mere upgrades to essential elements for buyers. Tankless water heaters align with the trend of integrating advanced technology into homes, making them an attractive addition to your feature list. By embracing this innovation, you can compete with the rising popularity of “Smart Homes” and position your property as a modern and appealing choice.
- Appeal to the Green Market
The new generation of homebuyers places a high value on sustainability and environmental responsibility. They are willing to pay a premium for products and services that align with their eco-conscious values. By investing in a tankless water heater, you demonstrate your commitment to a greener future and appeal to this growing demographic. Enhancing your home with sustainable improvements not only increases its desirability but also contributes to a more environmentally friendly society.
Make a Wise Investment with Ohio Buckeye Plumbing
Considering the potential increase in home value, faster selling time, and the numerous advantages of tankless water heaters, it’s clear that this investment is worth serious consideration. At Ohio Buckeye Plumbing, we specialize in installing high-quality tankless water heaters that align with your needs and budget. Contact us today by calling (440) 283-9377 to schedule a consultation with our experts. Let us help you elevate your home’s resale value while enjoying the benefits of energy efficiency, additional space, and appealing features. Trust Ohio Buckeye Plumbing for all your plumbing needs.