Not the best brand out there but it's one of the best in its price group. The last one we replaced lasted about 10 yrs without any problem. Hopefully, this one will do the same. Yes, for the price and the fact the last one lasted about a decade makes it very good value. I like that is has 3 temp options depending on what you need the hot water for. Some cheap brands only come with a one setting temp options. Lastly, 5 liters of capacity means you have to refill it less frequently.