Do tankless heaters increase home value?

Do tankless heaters increase home value, yes, tankless water heaters can increase home value modestly by 2,000 to 4,000 dollars and make home more attractive to buyers, though not full cost recovery. Installing tankless water heater like Rinnai RUR160 or Rheem RTGH-95 costs 2,500 to 4,500 dollars installed versus tank water heater at 1,200 to 2,500 dollars, but offers benefits that increase perceived home value: energy efficiency savings of 100 to 200 dollars per year in gas due to 0.93 UEF versus 0.60 for tank, longer lifespan of 20 years versus 10 to 12 years for tank, continuous hot water that never runs out, space savings because tankless mounts on wall and frees up floor space in garage, and modern appeal as energy efficient upgrade. Real estate appraisals and studies show energy efficient upgrades like tankless add about 50 to 70 percent of cost to home value, so 3,000 dollar tankless adds 1,500 to 2,000 dollars to appraisal, but main value is faster sale and buyer appeal, especially in high cost areas where buyers value efficiency. For home sale, tankless is attractive feature that can be listed as recent upgrade, similar to new furnace. However, tankless alone will not significantly increase appraisal unless combined with other efficiency upgrades. For rental properties, tankless increases rental appeal. Overall, tankless increases home value modestly and improves marketability.