The downside of owning a home is that when something breaks, it's totally your rear on the line.
Last Sunday it rained 3 inches (7.6cm) in one hour. An area around my house that has never flooded before did. It drowned the bottom of my natural-gas outdoor hot water heater. I knew the hot water heater was old and this would probably be an expensive replacement job instead of a repair. It's gotten very expensive very fast.
My house is old. The pipes are galvanized steel instead of copper or PVC. The plumber advised me that I had slow-drip leaks here and there under the house. I knew that but had hoped to ignore them until something really let go. The plumbing company is willing to patch and replace here and there, but I decided to replace all the plumbing in my house, every bit of it, plus the new hot water heater. So expensive.
The plumbing company has 12-months-same-as-cash financing, or long-term at 6.9 percent. I decided to call my credit union and ask for advice. They are amazingly honest there. I was advised to take the 12-month interest free plan from the plumbing company, then come back to the credit union in a year if I needed to. They will have a variety of financing options at that point. Gotta love the little local credit union.
So, I'm in hock up to my nuts for a year anyway. 😦
Below is the old hot water heater awaiting replacement. It is a 1994 model. It has lasted a long time, longer than they usually do. It will be replaced by an energy efficient tankless water heater that just bolts to the side of the house like a suitcase.
What's next? New roof? Electrical problems?
You can see in the pic that the unit was leaking anyway. Nasty lookin'.
I'll be back with pics of the fancy new model once it's installed.