{"id":2700,"date":"2017-01-18T19:58:22","date_gmt":"2017-01-19T00:58:22","guid":{"rendered":"http:\/\/www.comfortplusheatandcool.com\/?p=2700"},"modified":"2021-01-28T11:13:04","modified_gmt":"2021-01-28T16:13:04","slug":"buying-hot-water-tank-affordable-renting","status":"publish","type":"post","link":"https:\/\/staging.designthinking.agency\/comfortplus2024\/buying-hot-water-tank-affordable-renting\/","title":{"rendered":"Buying Your Hot Water Tank is More Affordable than Renting"},"content":{"rendered":"<p>If you\u2019re like most homeowners in our service area, from Brantford to Cambridge to Hamilton, you rent your water tank.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-1832\" src=\"\/wp-content\/uploads\/2015\/10\/tankless-water-heater3-300x300.jpg\" alt=\"get a tankless water heater\" width=\"300\" height=\"300\" \/>It\u2019s what your parents did in the house you grew up in. It\u2019s how you got by all the places you rented over the years. It\u2019s what many of your colleagues do. But it\u2019s not the only option, and it\u2019s not even the most affordable option. So why is everybody still doing it?<\/p>\n<p>Mostly it\u2019s a simple lack of knowledge. The large rental companies find themselves in a sweet spot where the majority of homeowners don\u2019t even know there\u2019s another option. But we think if you and your neighbours knew about the perks of buying, you\u2019d be on it in a flash.<\/p>\n<p>The best part of the buying vs. renting discussion is your ability to verify it. You can <a href=\"\/contact-hours\/\">get a quote from us<\/a> and you can weigh that against the long term outline of your current rental contract.<\/p>\n<h2>Stable payments that end.<\/h2>\n<ul>\n<li>Your rental contract probably includes annual rental cost increases, somewhere between 3.5% and 3.8% (standard for the industry).<\/li>\n<li>Your rental contract term is also probably 15 years in duration (a typical rental contract term).<\/li>\n<li>So if you start with a $25 a month rental fee, calculated over the 15 year term with an annual increase of 3.8%, <u>you\u2019ve paid more than $5,900 for that old water heater<\/u>.<\/li>\n<\/ul>\n<p><a href=\"\/products-services-cc\/hot-water-solutions\/\">When you buy, it\u2019s a little different.<\/a><\/p>\n<ul>\n<li>Let\u2019s say you buy a water tank for $3,525. By the end of your payment term, <u>you\u2019ve paid $3,525 for it<\/u>.<\/li>\n<li>You might enter a monthly payment plan for $25. The plan will last 12 years. You\u2019ll still be paying $300 a year on your ownership plan when you would be paying more than $450 a year on your rental.<\/li>\n<\/ul>\n<h2>But my rental company repairs the water tank for free.<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-2702\" src=\"\/wp-content\/uploads\/2017\/01\/Water-tank-repairs-300x200.jpg\" alt=\"hot water tank\" width=\"300\" height=\"200\" \/>Your rental company takes care of repairs and you have to call them any time the tank breaks down, which is at least once a year. So every year your family has to deal with a lack of hot water.<\/p>\n<p>When you buy, we include <a href=\"\/care-maintenance-protection-plans-cc\/water-heaters\/\">the annual maintenance required to keep your tank working perfectly<\/a> for the full duration of your payments. That means we\u2019ll schedule your annual maintenance based on your install date, and we\u2019ll call you every year to make sure there\u2019s a convenient time to come perform the maintenance.<\/p>\n<p>It\u2019s better to do things preventatively, so your family is never stuck without hot water. Is there anything worse than a cold shower on a winter morning? Yes, lots of things. But it\u2019s still pretty bad.<\/p>\n<p>So buying your water tank is more affordable and includes better coverage than your rental contract.<\/p>\n<p><a href=\"\/contact-hours\/\">Call us for a quote today and then weigh our quote against your rental contract<\/a>. Remember \u2013 when you buy, your payments will eventually stop and you\u2019ll still have a water tank that works perfectly for another decade.<\/p>\n<p><a href=\"\/contact-hours\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-2423\" src=\"\/wp-content\/uploads\/2015\/12\/CTA-Talktomember.png\" alt=\"contact ClimateCare\" width=\"525\" height=\"54\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re like most homeowners in our service area, from Brantford to Cambridge to Hamilton, you rent your water tank. It\u2019s what your parents did in the house you grew up in. It\u2019s how you got by all the places you rented over the years. It\u2019s what many of your colleagues do. But it\u2019s not [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[72,35,73],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buying Your Hot Water Tank is More Affordable than Renting<\/title>\n<meta name=\"description\" content=\"Save money, take control of your home comfort by cancelling your water heater rental contract and buying a new water heater.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.designthinking.agency\/comfortplus2024\/buying-hot-water-tank-affordable-renting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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