Homebuyers feel duped by hot water tank rentals included in their new homes
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Title : Homebuyers feel duped by hot water tank rentals included in their new homes
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Title : Homebuyers feel duped by hot water tank rentals included in their new homes
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news-today.world | New Ontario law fails to address buyers of new builds who are locked into equipment contracts
Nadia Mendola didn't think she'd be signing her life away for a water heater when she bought her brand new home in Waterdown, Ont., in 2016.
She's stuck with a 14-year rental contract with Enercare, paying $56.43 per month for the water heater. Now she can't get out of it unless she buys the equipment outright at $3,600 — three times the cost of an average water heater.
"If you can buy it from Home Depot for $1,000, I just don't understand why you would go renting it."
Enercare said the model in Mendola's home is much more efficient than the model that could be purchased at a retailer for that amount, and adds that the $1,000 figure doesn't include the cost of installation, which can add an additional $400 to the price.
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Nadia Mendola didn't think she'd be signing her life away for a water heater when she bought her brand new home in Waterdown, Ont., in 2016.
She's stuck with a 14-year rental contract with Enercare, paying $56.43 per month for the water heater. Now she can't get out of it unless she buys the equipment outright at $3,600 — three times the cost of an average water heater.
"If you can buy it from Home Depot for $1,000, I just don't understand why you would go renting it."
Enercare said the model in Mendola's home is much more efficient than the model that could be purchased at a retailer for that amount, and adds that the $1,000 figure doesn't include the cost of installation, which can add an additional $400 to the price.
More
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You are now reading the article Homebuyers feel duped by hot water tank rentals included in their new homes With link address https://newstoday-ok.blogspot.com/2018/04/homebuyers-feel-duped-by-hot-water-tank.html