Home property tips Top 5 Considerations When Choosing a Hot Water System for Your Investment Property
Once a hot water system has come to the end of its lifespan, there’s no way your tenants should have to put up with the problems that go along with it.
Fact checked by Emma Duffy
Promoted by ‘Metropolitan Plumbing’
Once a hot water system has come to the end of its lifespan, there’s no way your tenants should have to put up with the problems that go along with it.
Whether it’s cold water, no water, inconsistent temperatures or a complete lack of water pressure, your investment property’s hot water system is not a problem that can be ignored. Your tenants expect access to hot water and you need to decide on the best hot water system for the property in question.
There are five key factors to consider when replacing your investment property’s hot water system – or in choosing a system for a property that is still being built. Each of these factors has an impact on the amount of energy you use and the utility cost.
When choosing a hot water system for your investment property, take into account the upfront costs along with the annual operating costs for each type of system.
The cost of the system will be determined by a number of factors. These factors include:
These factors will determine the cost of your new hot water system, so let’s examine what type and size of system you need to install in your investment property.
A hot water system can run on electricity, natural gas or solar energy. Each fuel source has its own advantages and disadvantages that are worth considering.
The type of hot water system you choose will have a major impact on your running costs. Most Australian homes have a traditional storage tank hot water system but there’s a variation on that which has grown in popularity in recent years.
Instantaneous hot water systems, also known as tankless or continuous flow water heaters, account for about 25% of domestic water heaters. Let’s take a look at these two options in more detail.
A hot water system is certainly not a one-size-fits-all type of appliance. The size of the unit that fits your investment property’s needs will again be determined by a number of factors.
The factors are similar to cost considerations, including:
If you know the answers to these questions, speak to a hot water system specialist to determine the best choice for your property.
When it comes to energy efficiency, there’s no doubt that solar-powered hot water systems lead the way. While these systems are usually either gas or electric boosted, they are still well ahead when it comes to conserving energy and, in the long term, saving money on energy bills.
A gas-powered hot water system is the next best option, followed by an electric heat pump system. That leaves the electric hot water system as the least energy efficient and most costly.
Then there’s the difference between storage tank and continuous flow systems, with the latter preferable in smaller households of 1-4 people and a storage tank the better choice for groups of five or more tenants.
In the end, the type of system you choose will be determined by what you’re willing to spend upfront, taking into account the number of people and bathrooms in your investment property. Combining all of the above factors – along with speaking with a hot water system expert – will help you to make the right choice.
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Metropolitan Plumbing started operations in 1995 and has since grown into the most recognised and professional emergency plumbing service in Australia.
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