Selling a Home with an Oil Heating System

07/05/2019 | Fuelfighter
Reading time: 3 minutes

When you’re selling a home with an oil heating system, it’s important to consider a number of factors. Not everyone is familiar with oil fired central heating, so as a seller, it’s useful to think about answering the following questions and ensure that your heating system is in good order. A buyer who is familiar with oil heating may also want to know what they’re getting.

How Much Does It Cost to Run?

We know that the cost of heating oil fluctuates, but it’s a good idea to have to hand a rough guide of how much your heating system costs to use. If you’re able to give a prospective buyer information such as how often you top up your tank, and how much you usually have the heating switched on then this will be helpful. All homes now must be sold with an energy property certificate (EPC) which you need to arrange. This will give buyers insight into how energy efficient your home is so now could be a good time to make some energy saving improvements.

Is the Boiler in Good Working Order?

Having a well-maintained boiler can help to reduce costs in the long run. Your heating system will perform better, and you’ll also reduce the risk of breakdowns. Replacing a boiler can be a huge cost so being able to give a prospective buyer the service history and age of the boiler will help to provide reassurances that it’s in good working order.

Is the Oil Tank Well Maintained?

Whilst you will want to make sure your heating oil system and boiler are in good working order, it’s important not to forget about your oil tank. Oil tanks are often out of sight, and for some people rarely looked at. Other than measuring your oil, or having the oil company fill the tank, it’s easy to forget about it. Your oil tank should be serviced regularly along with your boiler but having a good check over your tank for wear and tear will give you the chance to make any necessary repairs before selling your home.

What Heating Controls Do You Have?

Energy efficiency is a key factor when buying or selling a home so having heating controls installed is an advantage. Being able to regulate temperature is a great way to get the most out of your heating. Whether that be by setting a timer, setting a temperature or controlling rooms individually these can all be additional selling points.

What Security Measures Are There?

Heating oil is an expensive commodity and unfortunately theft is something we all need to think about. If you have installed security measures to protect your heating oil tank, then these are great selling points. Whilst you won’t want to put buyers off by talking too much about theft, securing your home is of the upmost importance. If you don’t have security measures in place, then now is a good time to install them. You don’t necessarily have to spend a fortune on top of the range CCTV, other measures such as well-placed lighting, locks and alarms can still be effective.

How Much Oil is in the Tank?

Whilst this may not be the make or break factor in buying or selling a home, it’s something you need to think about. If you’re selling a property, we’re sure you won’t want to have a huge amount of unused oil in the tank. House sales can take a while to go through, with exchange dates often changing so neither would you want to run out of oil by simply not topping up. Communication with your buyer can help avoid these problems as with a fair and reasonable approach they may buy the remaining oil from you. Whilst it’s wise not to assume that they will buy it, it is in both of your best interests.   

For further advice OFTEC also have some useful information on what to think about when selling your home.