Thursday, May 27, 2010

Steamy Hot

I spent some time debating on what type of water heaters to purchase for a rental property. On the cheap end I could likely get away with two 40G 6 year warranty tanks for around $700, on the higher end I could purchase two 50G 12 year warranty tanks for around $900. In the end I went with the better 50G 12 year GE tanks. It’s difficult deciding where to cut costs in rentals, but I feel like infrastructure is a place where quality will pay off down the road. The cost of $200 more for 6 years of piece of mind and knowing tenants won’t be complaining about cold water was justifiable. Plus, anyone who knows me knows I take ridiculously long hot showers in the winter so we could call this a bit of a personal splurge as well. If the strategy on this property was to flip I would have went cheap, a buy and hold strategy requires long term foresight.





Before



After

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