When it comes to your water heater, you probably don’t give it a second thought.
If you’re currently renting your water heater, you may think renting is the way to go because:
The next time you get your monthly water heater rental bill, ask yourself if you would rather:
If you’re like most homeowners in Chatham-Kent and surrounding areas, you’d probably rather put some of that money back in your pocket.
Now, you might think that purchasing a tankless water heater automatically means higher, more punitive monthly payments.
That’s not the case at all.
In Ontario, the average monthly water heater rental bill is around $20. By renting to own your water heater from Handy Bros. Home Comfort, your monthly payments are right in line with rental company rates (and in some cases, actually lower).
If you’ve never had to call your water heater rental company for service and maintenance, you might assume it’s included in your monthly rate.
That’s true. Sort of.
Sure, your rental company will visit you when something’s wrong, but they’re not stopping by for a regular check-up.
(Think about it: When was the last time they called or offered to inspect your water heater? Probably never).
These important tasks should be done on a regular basis.
And at Handy Bros. Home Comfort they will be; even when you aren’t locked into a monthly rental contract.
When you buy a new car or appliance, you want to know it’s protected by warranty…just in case.
Your new water heater from Handy Bros. Home Comfort is covered by a warranty. Should any eligible water heater repairs be needed, they’ll be taken care of.
No questions asked. No worries needed.
Like most things in life, choosing between renting and owning comes down to money.
When you rent your hot water tank, monthly rates can go up an average of 3.5% on a yearly basis.* And chances are that info is buried in the fine print of your contract.
Multiply that by 15 years (the average lifespan of a water heater), and your rates could go up by 52.5%.*
Ownership provides stability because once your water heater is paid in full, that’s it. It’s yours and you don’t have to make any more payments towards it.
*CLARITY by ClimateCare
It’s been in the news lately: Homeowners swindled out of thousands of dollars due to complex and frustrating water heater rental contracts signed at their front doors.
As a matter of fact, it’s become such an issue that the Ontario government amended Bill 55 to state:
Customers need time to fully understand what they’re signing.
Pretty simple, isn’t it?
When it comes to renting vs. owning, more homeowners are choosing ownership.
Have more questions about water heater ownership?
Tell us what you’d like to know. We’ll get back to you ASAP with the answers and information you need.