From the standpoint of finance management, faulty plumbing can be a real issue. You could be missing out on big savings because you’re neglecting your plumbing. The reasons detailed below better illustrate why you should seek to upgrade your home’s plumbing system.
Your Plumbing System Is Wasting a Valuable Resource
Water is an incredibly valuable resource. Depending on where you live in the country, conserving water may be critical for your household. Old plumbing systems that leak water constantly don’t help with those conservation efforts.
It’s one thing if you only have a single leak causing problems. Many households have more than just one leak. One in 10 homes in the U.S. has small plumbing system leaks that collectively waste at least 90 gallons of water daily. If you suspect that your plumbing system is riddled with those small leaks, you need to improve it sooner rather than later.
You Want to Prevent a Waste Disposal Disaster
According to the EPA, more than 20% of households in the U.S. depend on septic systems for waste management. Is your household included in that group? If so, it may be time for you to check on your plumbing.
Old plumbing can jeopardize the functionality of your septic system. The moment those pipes burst, you could have sewage back up into your home and you don’t want any part of that. Make it a point to check on the pipes that lead to your septic tank regularly because they are likely to age faster. Replace them if needed to prevent a wastewater disaster.
You Need to Accommodate an In-Law
Once upon a time, your single bathroom was enough for you and your spouse. If an in-law moves in, you need an extra bathroom so everyone’s needs are accommodated. Of course, you need to do more than just build a new bathroom. In all likelihood, you will have to rework your plumbing as well.
Consult with professionals so they can pinpoint the ideal spot for your new bathroom. You can also ask them to install the new pieces of hardware necessary to accommodate the latest addition to your household. This would also be a good time for you to add bathroom fixtures that you’ve always wanted.
You Can Save Money By Improving Your Plumbing
Improving your plumbing helps save you money. You can effectively lower your water bill by replacing your faulty pipes and removing existing leaks. That’s not the only way a plumbing upgrade can help you save.
While working on the finance aspect of your household, consider upgrading to a tankless or demand water heater so you can lower your gas or energy bills. Households that use 41 gallons or less of hot water daily can improve their energy efficiency by 24% to 34% by switching to a demand water heater. Just remember to install the new hardware necessary for your tankless water heater so it can do its job without any issues.
You Wish to Increase Your Home’s Value Ahead of a Sale
Lastly, you should strongly consider improving your home’s plumbing system before you put it on the market. The housing market is almost always competitive and you may have a hard time making your home stand out. By paying for plumbing upgrades beforehand, you can use that as your main selling point.
Sell potential buyers on the fact that they won’t have to worry about their plumbing for a long time. Point out that your plumbing system is compatible with the latest fixtures. Let them visualize the quality of life they can enjoy in your household so they will agree to a favorable deal.
Sound finance management for any household should involve adequate planning for plumbing upgrades. Those upgrades will be necessary at some point so prepare for them as soon as possible.
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