Are you worried about the impending water heater replacement cost? Well, imagine sitting down to watch TV, and then seeing water flooding all over the floor and into your wall-to-wall carpet! And when you get up in shock to go check out what just happened, you find that your water heater has burst at the seams. And before you know it, you are not only dealing with a water heater replacement cost, but also the cost of fixing the mess in your floors, carpets, and the mold that grew as a result of rotting wood you never even knew about.

Do you think that sounds impossible? It’s not. This scenario actually plays out very often in homes all across America. Did you know that water heaters can cause an average of $4,444 worth of damage after the payment of the deductible, every time they fail? Did you also know that 69 percent of the time, the failure is caused by a sudden burst of the water heater or a slow leak? Suddenly, planning for your water heater replacement cost does not seem so bad after all.

When Should You Consider Water Heater Replacement Cost?

Not every water heater needs a replacement. However, there comes a time when replacing your water heater is the only thing that you should consider. And if you don’t, then you may end up not just with a $4,000 bill, but also the headache of replacing rotten wooden boards and mold removal. It is, therefore, essential for you to know when to start thinking of water heater replacement cost and include it in your long-term budget. Here are some of the things you should look out for:

1. Age

2. Rusty water or valves

3. Increased water heating requirements

4. Water leaks

5. Unusual noises in the water heater

6. Rising maintenance costs

Water Heater Replacement Cost and Other Factors to Consider

Once you determine that your water heater needs replacing, it’s time to select another one. You need to consider several criteria when shopping for one. Here are the factors you should consider.

1. The energy source for heating the tank

2. The water heater replacement cost

3. The type of water heater

4. Energy efficiency

5. Size of tank

6. Warranty

7. Associated installation services

8. Customer reviews and ratings

Why You Should Replace Your Water Heater

While the water heater replacement cost that you have to deal with may not be something you want, it may be necessary. Knowing the signs that show your water heater has unfixable problems will help you start saving early for a replacement. Doing so will ensure that you reduce the overall costs that you would have encountered otherwise if you were to ignore your water heater issues until it was too late. Not all water heater replacement costs are bad. Think of them as investments that will help you save money in the long term and give you peace of mind as a homeowner.

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