The best type of water heater for your property depends on various factors such as your specific needs, budget, and available fuel sources. Gas water heaters are known for their efficiency and fast heating capabilities, while electric water heaters are often more affordable upfront. Tankless water heaters are a popular choice for their energy efficiency and endless hot water supply. To determine the best option for your property, it's recommended to consult with a professional plumber who can assess your requirements and provide tailored recommendations.