You’ll have to analyze several factors when deciding whether to buy a traditional water heater or a tankless model. The best unit for your home depends on:
1. The number of people living in your home
2. Upfront and annual operating cost
3. The energy efficiency
4. Lifespan
5. Fuel type, availability, and its cost Maintenance and repair information
Living alone and not needing a lot of hot water, I prefer a tankless model cause it heats up the water on demand. Take a look here to learn more about it:
https://escoutah.com/services/plumbing/tankless-water-heater-installation/
