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I have alway's prefered a gas burner than oil ..In fact of the two houses I have owned during my life time I have had the oil burners along with the oil tanks taken out of my cellars and replaced with gas burners..Reason being no big truck delivery in driveway.. Gas is clean burning and no once a year cleaning required..Oil tanks tend to leak over time and need to be replaced..More room in cellar for storage with oil tank gone...Oil prices can change for very costly heating bill.
It very well could increase the value, unless your area is different and has mostly oil heat. Most buyers are more comfortable with natural gas when available. They do not have to fuss with getting it filled. I know it is not a big deal but they don't know that yet. It could be a question of not if it will increase the value but will it allow it to sell. In our area having oil heat could prevent it from selling because there are so many to choose from that have the type they are comfortable with. Keep an eye out for any tax credits that might be available for the change over, especially if you get one that is higher efficiency. One other consideration is how much other work does the property need. If it needs a lot of work it my not have the same return as it would if the rest of the house is in good condtion.
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