Last updated: 9th May, 2024
Advice
Have you considered a new boiler to increase the value of your home? We run through why this may be a great option for you.
When thinking about home improvements to increase the value of your home, getting a boiler replacement, may be the last thing you consider.
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In fact, most people don’t even notice their boilers until they break down, so you may be surprised to learn that a boiler replacement was found to be the most profitable home improvement.
A study by GoCompare revealed that contrary to popular belief, aesthetic improvements such as a new kitchen or home cinema could leave you at a financial loss, as the added value is much less than the average cost.
The average boiler replacement costs £1,995, yet it can increase your home’s value by up to £8,000, potentially giving you a hefty profit of up to £6,005, and topping the leaderboard of profitable home improvements.
Not only does a new boiler increase value, but it also offers reliability for you and any new owners/tenants to follow.
With most boiler companies offering warranties between 5 and 12 years (providing you have it serviced annually, read more about boiler services here), a new owner can rest easy knowing they won’t need to pay for any expensive repairs or boiler replacements anytime soon.
Another benefit is the cut to energy bills that can be expected with a new, more efficient boiler. According to the Energy Saving Trust, you could save up to £315 a year on energy bills when you replace an old boiler with a new A-rated efficient one.
Adding features such as a smart thermostat can also increase the profit you make, as this offers added convenience as well as greater efficiency.
Other profitable home improvements include off street parking, a charging point, energy saving measures and central heating.
Improvement | Average Cost | Added Value | Profit |
New Boiler | £2,500 | £8,500 | £6,000 |
Off Street Parking | £2,200 | £6,500 | £4,300 |
Central Heating | £4,500 | £8,500 | £4,000 |
Energy Saving | £600 | £4,500 | £3,900 |
Security System | £650 | £4,300 | £3,650 |
Improvement | Average Cost | Added Value | Profit |
Wine Cellar | £47,000 | Minimal | -£47,000 |
Swimming Pool | £36,000 | £2,500 | -£33,500 |
Tennis Court | £37,000 | £6,500 | -£30,500 |
Home Cinema | £28,000 | £2,500 | -£25,500 |
Extension | £50,000 | £32,000 | -£18,000 |
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This is because homeowners typically like to add their own style to their home to make it their own.
In regards to green home improvements, he added:
“Improving the green credentials of a house usually pays- a new boiler, insulation or energy saving measure along with security improvement will usually pay off but some additions like solar panels will be hard to get a payback on immediately.”
Although buying a new boiler can be expensive, companies such as us at iHeat, offer a range of finance plans ranging from 0% apr for 2 years or our 10 year option at 11.9% APR and warranties between 7 and 10 years. For a fixed quote, fill in some details here and we'll do the work for you.
Alternatively, give us a call on 0333 305 6880 and we'd be happy to answer any questions you may have.
Boilers can be a daunting purchase for many people as they’re an appliance with a lot of responsibility, providing heat for you and your family is something you want to get right. Boilers aren’t exactly a quickly disposable item either, potentially lasting you a decade.
Effectively, New boiler cost can be split into two segments: the first is the actual boiler itself (unit price), and the second is the cost of the boiler being installed (set up) in your property by an expert engineer.
Here at iHeat, we want to remove all of this undue stress and make the decision making process of upgrading to a new central heating system, as easy as possible.
Boiler costs can vary depending on a number of factors including their brand, model, fuel, output, warranty, labour and installation type. Typically a new boiler will cost between £1,845 and £3,500, below is a list of average boiler installations offered by iHeat (guide only).
Installation Type | Price (inc VAT) | |
Combi to combi swap | £1,845 | |
System to combi conversion | £2,499 | |
New boiler install | £2,899 | |
Back boiler to a combi | £3,299 | |
System to system | £1,945 |
The exact value added by a new boiler can vary depending on factors such as the property's location, market conditions, and the overall condition of the house. However, having a new boiler installed can enhance the appeal of the property to potential buyers and may contribute positively to its value.
Replacing your boiler before selling your house can be a strategic decision. A new boiler can make your property more attractive to buyers, as it provides them with peace of mind knowing they won't have to immediately deal with boiler issues. However, whether you should replace it depends on factors such as the condition of your current boiler, market demands, and your budget.
Investing in a new boiler can be worthwhile if your current boiler is old, inefficient, or prone to frequent breakdowns. A new boiler can improve energy efficiency, reduce heating bills, and provide better reliability and comfort. Additionally, it can enhance the value of your property, especially if you plan to sell in the future.
A new boiler can make a significant difference in several aspects. It can improve energy efficiency, resulting in lower heating bills. It can also provide better heating performance, increased reliability, and improved safety. Additionally, a new boiler can enhance the comfort of your home and potentially increase its value.
Yes, a new boiler can be a significant selling point for a property. Buyers often value the presence of a new boiler as it indicates that they won't have to immediately incur the cost of replacing it themselves. A new boiler can enhance the overall appeal and perceived value of the property.
Replacing a 20-year-old boiler can be worth it, especially if it is inefficient, unreliable, or nearing the end of its lifespan. Newer boilers are more energy-efficient, which can lead to cost savings on heating bills. Additionally, a new boiler can provide improved performance, reliability, and safety compared to an older unit.
The age at which a boiler is considered old can vary depending on factors such as its maintenance history, usage patterns, and the type of boiler. However, boilers are typically considered old when they are around 15 to 20 years old. At this age, they may become less efficient, more prone to breakdowns, and nearing the end of their expected lifespan.
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