Most water heaters last an incredible amount of time: 8 to 12 years for a storage tank heater, and 15 to 20 if you go tankless. That being said, there are certain circumstances when it might be wise to spring for a new water heater installation instead of trying to simply have it repaired. Below are a few signs that should help you make that decision.
Your Tank is Getting Old
As mentioned above, water heaters can last quite a while, but once you hit the midway point on your water heater's lifespan, you should seriously consider getting a new one if yours starts to malfunction. As water heaters age, they'll be more prone to significant breakdowns, which can get more expensive as time goes on. Also, considering that one of the main issues that plague water heaters is sediment buildup, the older your water heater gets, the more sediment will be built up inside of your tank, and the harder it will be to flush it. Even if you have a tankless water heater, there are so many internal parts that can wear down that it can become cost-prohibitive to simply repair them when they break.
Your Repairs are Getting Expensive
Of all the things that you'll have to repair in your home, water heaters are probably the least expensive. The average cost of repair is only a couple hundred dollars at most, but once those start to add up, it can get expensive in a hurry. Considering that a brand new water heater only costs a few thousand dollars - a little bit more if you're going for a tankless water heater - it may make more fiscal sense to simply get a new one rather than to keep paying for water heater repair. A good rule of thumb is this: if the cost of your repairs is more than 50% of the cost of a new one, schedule a new water heater installation instead of repairing it.
You Want to Upgrade
Whether you want to take advantage of the latest in energy-saving features, or you're preparing your home for a sale, upgrading your home's water heater unit can be one of the most life-improving purchases you make for your home. Not only do water heaters deliver fresher water and deliver a near a limitless supply of hot water, but they can also save you money in the process. Not to mention the fact that with a new water heater, you also get a warranty that protects you and gives you peace of mind for years to come.
If your water heater has been showing signs of usage, consider a new water heater installation. You can talk to your local experts today to see what options would be best for you.