The Potential Risks of Traditional Water Heaters for Homeowners in Ontario
As legal professionals with expertise in home real estate law, we believe it’s important for homeowners in Ontario to be fully informed about potential risks associated with buying water heaters that use tanks.
Traditionally, water has been heated in a large tank stored in the basement and then sent to wherever required in the home. However, this means that the supply of hot water is limited and can run out if used enough. While there are tanks which are quite large, families can still experience supply issues.
The Hidden Costs of Traditional Water Heaters Over Time
While water heaters may seem like a budget-friendly option initially, they can end up costing you significantly over time. The average lifespan of a water heater is 10 to 15 years, depending on the model. However, there are additional expenses to consider, including ongoing gas or electricity costs to heat the water, as well as potential repairs from corrosion or leaks. Don’t let the low upfront cost deceive you – consider the long-term financial impact before investing in a water heater. Another thing to consider is the size. These units are often large and render whole sections of a home as wasted space.
The Potential Risks of Traditional Water Heaters for Homeowners in Ontario
The TV show MythBusters has proven that although the likelihood is low, water tanks do have the potential to explode. When pressure builds and pressure release valves fail, the risk of a dangerous explosion increases significantly. But that’s not the only safety hazard – carbon monoxide leaks are also a serious concern. Protect your family and property by understanding the potential risks associated with water tanks.
If you are looking for an efficient, safe and eco-friendly solution for your hot water needs, then consider a tankless heater. Despite their higher upfront cost, they offer significant savings over time, thanks to their longer lifespan of up to 20 years (depending on the model). They consume 20-30% less energy than traditional water heaters, helping you reduce your energy bills and carbon footprint. Plus, they take up very little space and can be mounted on walls, freeing up valuable floor space. Even in standby mode, they use minimal energy and provide a constant supply of hot water, ensuring you never have to settle for cold showers again.
Expert Real Estate Law Advice in Ontario from Sondhi Defence
As homeowners, it is crucial to take proactive measures to ensure the safety and efficiency of home systems. It’s important to check when the water heater was installed and last inspected when buying a home. In addition, it’s essential to consider a plan of action for when the water heater breaks down. Saving now for a tankless heater may be a wise investment, as the upfront cost now will ultimately result in significant long-term savings.
For more information or legal advice regarding home real estate law in Ontario, please don’t hesitate to contact Sondhi Defence. We are committed to providing our clients with the best possible guidance to ensure their homes remain safe and secure.
