Can A New Boiler Increase the Value of My House?

When thinking about home improvements to increase the value of your home, getting a boiler replacement, may be the last thing you consider.

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.

Top 5 Most Profitable Home Improvements

Top 5 Least Profitable Home Improvements

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.

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New Boiler Costs

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).