Are Tankless Water Heaters Money Down the Drain?

Like most homeowners, you’re probably looking for ways to both save money and increase the value of your home. You may be surprised to learn that one of the most efficient ways to accomplish both is to install a tankless water heater in your home.

Philadelphia AppraiserA tankless water heater functions differently than a traditional water heater but you most likely couldn’t tell the difference when using it. A traditional water heater pulls water in and then stores it in a tank for future use while a tankless water heater immediately heats the water as it pulls it in and does not store water in a tank, hence the name.

Tankless water heaters operate much more efficiently and are able to provide hot water almost instantly. And the best part is, you never have to worry about running out of hot water as is the case with traditional water heaters because tank-less water heaters heat the water as they bring it in providing you with virtually an unlimited supply of hot water.

A tank-less water heater typically improves the value of your home because it drastically cuts your energy costs. Not only are tank-less water heaters more efficient and environmentally friendly but they’re also safer than traditional water heaters since you don’t have to worry about water leaks causing extensive damage to your home. Like other improvements designed at driving down energy costs on your monthly bills, a tank-less water heater can improve the value of your home because it makes your home more efficient for future buyers.

Often times you can expect your energy bills to be cut in half by the use of one of these systems and as a result, they also have the potential to drive up the re-sale value of your home often by several thousand dollars. They’re one of the most effective ways to cut energy costs while you live in your home and they also allow you to make additional money when you decide to sell. Finally, they also provide you and your family the ability to work with and enjoy using a far more efficient system.

I hope you found this helpful and if you have any additional questions, thoughts, or comments please leave them down below.

The Coyle Group, LLC is one of the most well-respected and sought after appraisal firms in the greater Philadelphia area specializing in residential and commercial appraisals for divorce, bankruptcy, estate, date of death, tax appeals, pre-listings, and more. For more info contact us at 215-836-5500,, or email us at