New boiler adds any value to home?

[oyster]

I have a 15 year old Gloworm boiler. It works but it's noisy and I call out British Gas every 3 months or so to do some sort of repair. It's also probably very inefficient.

And the Mrs wants it replaced for fearb that one day it breaks and we can't get it repaired (as according to the BG guys, parts are becoming rarer).

Thing is, we are likely to move in 2012. So I figure it'll cost me upwards of £2k to replace and in that year I will maybe get back £100-200 in saved bills by it being more efficient and perhaps £200 in saved boiler cover as I'll cancel this.

So will it add any value to the sale? And will buyers really be turned on by a new-ish boiler? I mean really will they in practice even look inside the boiler cupboard?

[Defcon5]

It would be a big plus point for me, as long as you replace it with a good one. May not add value, but may well make it more sellable

[Herbs]

Old boiler = big turn off.

It won't add any value as people expect a property to have a boiler - pretty much the same with a roof

However it will mean that people will consider your property and will offer what it is worth rather than knocking you down because of it.

I've seen people reject a property because of the colour of the carpet before!

[cjs]

I doubt it will make much difference, just make sure it is not running when people visit! As long as it looks ok from the outside, nice clean white cabinet, then most people will not know how old it is.

[Jasandjules]

I don't think it will add value per se but it will mean that any prospective purchasers won't be looking to knock 2k off the selling price to get a new boiler fitted.........

[Ed.M]

The age of a boiler will not affect the asking price in anyway.

It MAY however take a haggeling point away from potential buyers thus meaning there is less of a gap between asking price and the achieved price.

You are more likely to sell quicker too with a newer boiler as given the choice most people would prefer to buy a property with a modern system rather than one they have to go through the hassle/cost of updating. In a falling market a quicker sale "could" therefore be worth ££ in your pocket.

Ed

[55allgold]

In a nice house (i.e. one that otherwise sells itself), it won't add value or help sell.

In a less-nice house, it may make it easier to sell without actually adding value.

[Beardy10]

Don't replace it....it will make no difference. There are so many variables that the likelihood of a new boiler being the deal clincher are just so low it's not funny. If you are selling your house there are probably much better ways to spend the money to make the property more attractive...decorate a few rooms ? new bathroom suite ?

[TorqueVR]

As somebody doing mortgage valuations and Homebuyer surveys I can confirm that replacing the boiler will not affect the value of the house. I'd go as far as sayying that most buyers would probably not notice the age of the boiler.

[Engineer1]

Like tyres on a car replacing won't improve the value but will be less of a bargaining point.