I think they're comparable in cost.
I prefer hot water heat.
Pro's
Heat is more uniform and comforting
No blowing dust
No duct cleaning
No furnace sound
Boilers generally have a longer life
Con's
Boiler more expensive to maintain
aging water pipes can spring a leak
'clanging' pipes
No central air
I actually heard that insurance companies have red flagged hot water heating systems and are denying insurance in some cases. Crazy, yes.
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