Hot Water Tanks & Repair
As your water heater is used day in and day out, expect to have to perform some amount of repair. If repair is not an option, we will help you determine the best replacement. Water heater repairs with Drain Time Plumbing are upfront, cost-efficient, and effective.
If your water heater is doing the following, call Drain Time Plumbing:
Not supplying adequate hot water
Taking a long time to heat water
Leaking from the water heater tank
Making noise from the water heater tank
Proper maintenance can help prevent costly water heater repairs. As we inspect your water heater, we can quickly repair minor issues before they become major ones. The quicker you call, the more quickly we will be able to help you get your home up and running again!
Renting vs buying a hot water tank:
There are times when renting a hot water tank makes sense – for example if you plan on selling your home in the next year or two then it may be cheaper for you in the long run simply to rent a hot water heater to avoid paying the cost up front. Just keep in mind that the rental company will put a lien on your property so before you can sell it you may have to pay off that rental contract in full if the new owner doesn’t want to take over your rental contract. In addition buyout for these rental tanks is always much more expensive than just paying for one upfront (typically over $1,000 more than the price to buy one to start with including installation).
Of course if you are a tight fixed income renting may seem like your only option but if you are able to qualify for financing then financing may be quite a bit cheaper than renting (typical financing is around 9% interest, rental units typically have 29.99% interest built into the pricing structure).
If you are going to be in the home more than a couple of years it actually pays to buy a new hot water heater rather than renting. I know that people assume “if I am renting then I wont have any repair bills” but this is a bit of a myth – if you are renting this means you pay more in your rental fees to cover repairs (they hide the expense in your rental fees) but since most hot water tanks will operate effortlessly for 8 to 10 years you will never use that extra fund – so you paid more than you needed to in your rental fees. In fact typically 3 to 10 times more than the cost of buying. When given an option we recommend you buy a water heater for the highest return on your investment!