Pat Keegan

A man examines a water heater

When a water heater reaches a certain age, it can be easy to assume it’s living on borrowed time. It’s hard to say how long your water heater will last. Certified home inspectors estimate the life span to be about 10 years. Some manufacturers suggest 12 to 13 years, but it’s not unheard of for a water tank to last more than 40 years before the heating element finally gives out. That said, it’s wise to replace a water heater before it fails, because that failure can cause a lot of damage.

The outside of a grey house.

Many times, prospective homebuyers are so caught up examining other aspects of the houses they see, they don’t consider energy costs (such as electricity, gas, and propane) in their decision. They ought to, since the average home costs about $2,000 in energy expenses per year — that’s a lot of money over the life of the home.

The size of a home is one of the most important factors that will determine energy costs. As square footage increases, lighting requirements increase, and more importantly, the burden on heating and cooling equipment increases.