The first thing I would do is replace the element. If something breaks or leaks you're not out much for the element and you were going to replace the whole heater anyway. If it works, and it probably will, you just saved a bunch of money. Whenever I work on a water heater I always have the shop vac handy. Works good for cleaning up spills and leaks before they get too big. If you can't get the drain valve to work, you can unscrew the element (not all the way, just until water starts running out) and suck up the water with the vac. Screw the element in, empty the vac and repeat until empty. When you get the bottom element out, make a flexible extension for the vac hose and remove the sediment and deposits from the bottom of the tank. About the tankless heater, don't do it! I added a third bathroom to our house and I was going to replace the 50 gallon water heater with an 80 gallon. Then I thought about my daughters staying in the bathroom until the water heater was empty and I kept the 50. Now they run out of hot water before I run out of money.
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Today's Featured Article - Farmall 460: That's My Girl - by LeAnn R. Ralph. How many sounds can you think of that are as familiar to you as your own breathing? What about the hum of your refrigerator? Or the thump of your clothes dryer? Maybe the engine of your car? You hear those sounds every day, and you don't think much about them, do you. I can think of a few common, ordinary sounds in my daily life, too.
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