Does a New Boiler Add Value to a House?

When you are thinking of selling your house, have you thought about upgrading that old boiler in the corner?  Because it will likely add more value to your house than what it will cost you to install it. 

It costs on average £1500 to buy and install a new efficient boiler but can add 2% to the property value and up to 4% if you install a new full central heating system.  It can return a £6000 profit when it comes to selling your house. When compared to other home improvements that might add value, it gives a better return than most.

When looking at things to improve that will give you instant payback on your expense, a new boiler is up there with the best.

How does a boiler add more value to a house?

Saves new owners costs of installing it themselves

With so much other work they have to do, homebuyers know replacing an old boiler and radiators are an expense they will have to bear sooner or later. 

Add to that the cost of redecorating any walls, additional flooring costs etc.  Seeing a new boiler helps make selling close to the asking price that bit easier.

Brand new boilers can have longer term warranties

A new boiler nowadays can come with up to 12 years warranty which can be a huge advantage when selling your property.

The heating system in a home needs to be reliable throughout the year, whether to keep you warm or give you hot water.  When a potential buyer sees a new boiler, they can be assured they won’t have to worry about repairs for the foreseeable future and can concentrate on other tasks such as getting the house decorated the way they want.

Going to view a house and seeing an old boiler and central heating system strikes you almost instantly with regard to potentially very high costs of fixing any problems and can discourage many a buyer who could ask for a reduction in price.

Cost savings from energy efficiency

Home buyers are conscious of keeping costs down, especially the first few years of moving in.  Modern new boilers are very efficient and can save hundreds of pounds each year compared to an old inefficient boiler.  This is another way it can add value to your house.

Adds to a property’s green credentials

A-rated highly efficient boilers are noticed by environmentally conscious homebuyers who are willing to pay extra for a more eco-friendly house.  Efficient boilers use less energy for heating so reduce fuel consumption.  This, along with cavity and loft insulation will certainly be noticed by future homeowners.

Noticed by tech-savvy buyers

 A new boiler with smart technologies will be welcomed by homebuyers who want to control their heating remotely through various devices.  They may already be using it in their current home and won’t want to backtrack to the old heating controls when buying a house.

New quiet boilers don’t disturb

This is something that is definitely noticed by buyers with a family.  They see an old noisy boiler in the corner of a small bedroom and the first thought is that it will disturb their children at night.  This can be off putting for many people. 

However, a new extremely quiet boiler running while potential buyers come to view the property will appeal to this same group who may be willing to pay extra for the house.

Conclusion

As you can see, replacing a boiler before selling a house can add value to a property in many ways.  Whether the potential buyers have young children; are tech-savvy; more environmentally aware; or just want peace of mind, a brand new boiler ticks all these boxes and will make it easier to sell your house at a price that you like. If you want to see which boilers are available, click the link below.