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Are Tankless Water Heaters Right for Your Rental Property?

By
Real Estate Agent with Hellgeeks

If you want to choose the right water heating system for your rental property, you must invest some time in the prior research. It would help you get to know about different types of water heaters that are available in the market. Nowadays, the most important choice to make is between a storage-tank water heater and a tankless water heater. You must know the positive and negative aspects of tankless water heaters to make informed and calculated decisions.

Here are a few aspects mentioned to help you decide whether tankless water heaters are right for your rental property or not.

 

Savings

Tankless water heater operates only to cater to your needs for hot water. This way, it helps save a huge amount of energy costs every year. It turns out to be a huge money saving which you can spend to fulfill other important needs of your family and children.

 

Lifespan

Water heater replacement might be one of the huge investments of your life but if you go for a tankless water heater, you can expect it to last for more than 20 years. However, you would have to fulfill its maintenance requirements but your investment will pay you off in the end.

 

Space

When it comes to place a water heater in your home, the main issue a homeowner can face is the space it takes. But a tankless water heater takes even less than half the space that any other traditional water heater would have taken otherwise. You can get it installed by a professional on the wall or inside the small closet.

 

Reliability

Tankless water heaters are considered to be more reliable nowadays than other types of water heaters. However, you must install them properly and follow the guide to get a steady supply of hot water throughout the day and night.

 

Safe to Use

The chances of damages and disasters are higher when you install a traditional water heater. The tank attached to the heater might start spilling its contents which can damage the surrounding area or even cause injuries to the people living in the home. However, a tankless water heater doesn’t pose any threat to your safety.

 

Initial Cost

The initial cost of a tankless water heater is quite higher so you would have to bear a huge expense to get it installed. It might even end up disturbing your budget or causing you to face financial crises.

 

Complex Installation

The installation process of a tankless water heater is slightly complex than other traditional water heaters. So, you would have to spend money to hire a professional who knows how to do the job effectively.

 

Larger Household

Tankless water heaters are quite suitable from smaller to medium households however they might not be able to fulfill the requirements of a larger household.

MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

In my house, it was just too tight a fit to install a tankless WH.

Jan 16, 2020 11:25 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for laying out the pros and cons of a tankless water heater. Great points to consider 

Jan 17, 2020 04:14 AM