Given the detail in the previous posts... I have another question?
How would you objectively add in the square footage that the tank
consumes in a house to your analysis. Perhaps the considerations
(cost to install/cost to operate/cost to store in terms of square
footage) can not be fairly equated? Let me throw out there cost per
square foot in California for example at ~$300 per square foot to
purchase a home in modest areas.
Basically what would a 72 cubic foot closet or 9 square foot closet be
worth to reclaim in an older house? At $300 per square foot in CA a
closest that size is worth about $2700 in resale?
My 2,200 square foot ranch in AZ is selling at about ~130 a sq/ft?...
I want to inclose my attached 2 car garage that contains the water
heater tank. I have a separate detached shop/garage so losing the
attached garage is not a problem. I would have to move the tank to a
more suitable location in the converted garage and it would still take
up a closet. Where as I assume that at tankless could be installed
as in interior type applicance and vented out the roof with not major
So I do not despute the direct cost analysis, but was wondering if you
could add in a variable to consider space? Even on a half acre lot
with a mid 2000 square foot house I find every closet/self to have
considerable value... Your thoughts?