Installing a water heater in your home can add value to your home. That's how it works!
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The global real estate market is huge and makes up a large part of many people's investment portfolios, annuities, and passive sources of income. According to MSCIThe global, professionally managed real estate industry grew to $ 9.6 trillion in 2019. Whether you own or live in a home for investment purposes, you want to know how to look after it and increase its value whenever you can. One of the many ways to do this is to install instant water heaters. Recent studies have shown that houses with water heaters sold 4% more than expected and sold faster than houses with water heaters. They sold around 43 days earlier than expected. If you are in the market for a new home, or planning to sell your home in the near future, you are probably wondering what the craze for water heaters is. This article provides context for how water heaters add value to home and why and when you might want to install one.
Instantaneous water heaters are desirable
Tankless water heaters are desirable for a number of reasons that we will talk about today. Recent data suggests the desirability of water heaters is convincing buyers, driving them to pay a little more and close the deal faster. For those who want to dive deep into water tanks and instant water heaters, here are a few useful info. For those who want to know why tankless water heaters are desirable, an overview is provided below.
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They reduced the risk of leaks and water damage
Conventional water heaters can be the cause of much damage, high repair cost and high cost Utility bills. If you're wondering why your water bill is still high when you're not home much, it may be due to a slow leak. Water heaters are usually stored in the ceiling, roof, basement or garage. This means that a large leak can cause flooding in your home and cause significant damage to your property such as carpets, furniture, and electronics, to name a few. Moisture leaking from a damaged water heater can also cause mold, which won't damage your walls and ceilings, but is also a major health concern. If you have a water tank heater, do routine checks for rust and slow leaks. A water heater without a tank only heats water when you want hot water. So there is no need to store hot water and therefore no tank is needed. This eliminates the risks described above.
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They are energy efficient
As mentioned above, instant water heaters heat when necessary. This is great for those who come from large families and have a brother and sister who are known to take long showers and use up all the hot water. Since a large volume of water is stored in a tank to be heated, it requires a lot of energy. Not only do you run the risk of a higher electricity bill due to a slow leak, but you also have a higher electricity bill compared to a tankless water heater as the electricity required to keep the water warm increases. People who invest in a new home not only want to save money on electricity bills in the long term, they also want to live sustainably. A water heater is therefore the more environmentally friendly option.
Installing tankless water heaters can be expensive upfront. However, you will be paying this back relatively soon with the savings that come from reducing your utility bills. Depending on where you live, there are some tax incentives for installing a water heater as these are a more sustainable option. You can get the most of it by scheduling your installation during renovations. People often redecorate their bathrooms before selling and improve the finishes to add value to their home. When you combine this with installing a water heater, you can safely add value to your home.
By removing the tank, you can create a lot more space in your house (depending on the design and layout). In this way you can free up valuable space in your roof, basement or garage. Hopefully, by now you know why you want to opt for a tankless water heater when buying a new home, and how you can save and make money installing one if you are a homeowner.
