Does a new boiler add property value?

aroundthefur

Hi all,

I'm considering replacing the existing boiler in my flat and wondered if anyone knew the worth of this in terms of adding value to the property.

The existing boiler is a conventional boiler with hot water tank system and about 10+ years old and is functional but the pipework is messy and poorly located. I'm considering replacing it with an high efficiency condensing combi boiler. This will increase the space in the kitchen and improve the hot water flow and shower as well as being much more environmentally friendly. If I don't change it, I'll have to work around the existing 'mess' when I install a new kitchen.

I've had quotes so far between £2000 and £3000 for the new boiler - does anybody think this is this a worthwhile investment in terms of adding value?

Thanks!

poppy10_2

No .

thesaint

poppy10 wrote: »

No .

It will make the property more desirable, but do not expect to recoup the money back.

Prospective buyers expect a decent boiler, they won't pay a premium for something that should already be included.

ameliarate

It may not actually add any value, but it will probably save you some money in the long run and if it is going to give you more space, make the place look better and be more efficient I would go for it. I certainly wouldn't do it just to add value, though it might increase saleability.

WTF?_2

aroundthefur wrote: »

Hi all,

I'm considering replacing the existing boiler in my flat and wondered if anyone knew the worth of this in terms of adding value to the property.

The existing boiler is a conventional boiler with hot water tank system and about 10+ years old and is functional but the pipework is messy and poorly located. I'm considering replacing it with an high efficiency condensing combi boiler. This will increase the space in the kitchen and improve the hot water flow and shower as well as being much more environmentally friendly. If I don't change it, I'll have to work around the existing 'mess' when I install a new kitchen.

I've had quotes so far between £2000 and £3000 for the new boiler - does anybody think this is this a worthwhile investment in terms of adding value?

Thanks!

Nope - bells and whistles don't really add value to a house but they might make it easier to sell when the time comes.

Stuff which does add value is generally extra floor space (extension, loft conversion) and/or extra facilities such as a second bathroom or shower room.

Don't let that put you off improving your place with a better boiler though, if you're going to be living in the place as a home for the foreseeable future then it can make sense to 'invest' in something that makes your life better.

macaque_2

Definitely!
It could add up to £60K to the value of your property. However, it will do nothing if you hide it away in a dark cupboard. My advice would be to mount it in your living room and paint it red.

aroundthefur

Thanks for that. The saleability factor is a v.good point and adding value certainly isn't the only motivation for replacing it.

If I do replace it, I'll be able to install a bigger and better kitchen and avoid a lot of carpentry work to conceal the cylinder and pipework, flooring will also be easier to install. The existing boiler also needs a replacement valve and full service and is costing quite a lot to run. If I don't replace it, I worry the I'll have a nice new kitchen blighted by an ugly mess of a rattling old boiler so any saleability or value added by the new kitchen will be negated by the boiler! Hmmm...