When you’re looking to sell your home, no doubt you’ll want to try to increase its value first. Many improvements can be made to your home in order to increase its value when selling and some renovations will add more value than others. One home improvement undertaken by many is to install a new boiler. Here are some reasons why fitting a new combination boiler could increase the value of your house – and earn you green points for helping the environment too!
Better energy efficiency
When looking to increase the value of your home, making it more energy efficient will definitely go a long way. This is not least because of the increasing awareness of humanity’s impact on the environment, but also because improved energy efficiency represents major savings on energy bills to future homeowners.
Installing double glazing and insulation, if you haven’t already, will increase property value significantly as this is a must for reducing the need for heating. On top of this, however, installing a combination boiler will help cut down on energy use. Combination boilers work by only heating water when it is required, resulting in less water energy. In the effort to increase your house’s value – energy efficiency should be at the top of your list. Even minor adjustments, such as switching to LED lighting, could help with giving the value a bit of a boost.
What boiler should I go for?
Combination boilers are great for saving space and are increasingly popular. Over half of the boilers installed in the UK are combination boilers – showing just how preferable they are. A combi boiler combines a water heater and central heating boiler together, meaning a separate hot water cylinder can be done away with, freeing up valuable storage space. A combination boiler can also deliver water to your taps at mains pressure, allowing for more powerful water flow – and who doesn’t love a more intense shower?
How much value could be added?
Last year, comparison website GoCompare teamed up with property guru Henry Prior. The partnership aimed to establish what improvements to your home could increase the value the most. Fitting a new boiler, possibly surprisingly, came out as the most profitable way to add value to your home – whilst fitting a new roof showed a shockingly low-profit margin. With the average cost of fitting a new boiler being just below £2000, you could see yourself pocketing a nice £6000 profit. A new combination boiler has the potential to add £8000 to the value of your house according to this research.
Many things can be done to help improve the value of your house; however, fitting a new combination boiler should be top of your list. A combi boiler could improve energy efficiency, increase available space and lower utility bills.