There is nothing better than a hot bath after a tiring day or during the cold climate. Traditional water heaters are big in size and take-up a lot of space. Even the time taken to heat the water varies depending upon the storage space of the tank. They also take up a lot of space since they are big in size. If you are looking for ways to save space and get the maximum benefit of hot water, then tankless water heaters are the best. These are economical and efficient and also very compact in size. The tankless water heater gives you access to instant hot water.