What Does the Age of a Water Heater Mean for Buyers & Sellers?
As a seller, if your water heater is at or nearing 15 years, consider replacing the water heater prior to listing your home. You can avoid homebuyers using an old water heater as a negotiating point. If you do not replace the water heater, your buyer may have a hard time finding homeowners’ insurance and closing could be delayed.
As a buyer, find out how old the water heater is. You can either use the age in negotiating or know you need to budget for a replacement down the road. When looking at homes, look at the information sticker on the water heater and refer back to the manufacturers’ website for the year it was manufactured.
Have you been required to replace your water heater by your insurance company? Comment below!
Kathy Rukat Smith
REALTOR
Palmetto Coastal Homes
843-267-2710
Kathy@TeamRukat.com
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