Replace your boiler and add value to your home

Replace your old boiler to add £8,000 to the value of your home and make £6,000 profit

One of the most profitable home improvements is installing a new boiler, according to new research. Fitting a £2,000 boiler adds £8,000 to the value of a property – making a huge £6,000 profit.

A new boiler was knocked off the top spot only by a wind turbine. Off-street parking, charging points and security were amongst the other profitable improvements but others, commonly associated with increasing the value of a home, such as new kitchens, bathroom, extensions and double glazing proved costly with a negative return on investment.

GoCompare and property expert Henry Pryor who conducted the research, have advised home owners to invest in security and energy saving upgrades and buy a bucket, sponge and cleaning materials rather than making significant cosmetic changes if they want to make a profit on their improvements.

Profit now and later with a new boiler

Not selling just yet? Home owners should also consider the savings made monthly from installing a new, efficient boiler. Switching from a G-rated boiler with 70% efficiency to an A-rated boiler with 90% efficiency could save you £305 per year*

Signs you need a new boiler...

  • It’s over 12 years old. Whilst is may not have any faults, newer boilers are more efficient, technologically advanced and safer.
  • Radiators are slow to heat up. An efficient boiler should heat up instantly, the longer yours takes the more its costing you to keep warm.
  • A yellow flame. The flame should always be blue, yellow indicates a carbon monoxide problem. If you suspect that fumes containing carbon monoxide are escaping from your boiler, call the free Gas Emergency Services emergency line immediately on 0800 111 999.
  • Its smells strange. A safe boiler should never smell. Whilst carbon monoxide is odourless, any faint smells could be due to a carbon monoxide leak causing the boiler to burn incorrectly.
  • Your bills are increasing. This could be due to an inefficient boiler. Check your ErP energy rating.
  • Its’ leaking or making odd noises. Both signs your boiler needs maintenance.
  • It keeps breaking down. Signs of general deterioration, this also costs more money in call-outs and repairs.

  • Regardless of the profit you make – its most important to ensure your boiler is safe and fit for purpose.

    * Source: Figures based on installing a new A-rated condensing boiler with a programmer, room thermostat and thermostatic radiator controls (TRVs) in a gas-heated home from an older boiler with a programmer and room thermostat. Based on fuel prices as of April 2018 for a detached house.