Whether you’re exploring the cost to replace a tankless water heater or facing an intimidating slab leak repair cost, it’s often challenging to figure out where you’ll find the funds to create and maintain the home of your dreams. We know that home repairs and upgrades often come with a significant price tag. That’s why we’ve partnered with GreenSky, a Goldman Sachs Company, to provide you with hassle-free financing solutions for all of your plumbing needs.
Home improvement and plumbing costs can add up quickly. GreenSky offers flexible, affordable, and convenient financing options to help you tackle these tasks without spending all of your cash at once to get it done. The application and approval process is fast and easy, with many of our customers getting an instant approval for same-day services. Our technicians at Plumbing Outfitters can help you get started.
Home plumbing repairs can’t usually wait. That troublesome drip can lead to significant water damage if you don’t address the issue as quickly as possible. Water damage restoration can be extremely expensive, usually averaging between $1,300 and $5,600 a repair. The repair costs for clean water damage average $3 to $4 per square foot. If you’re dealing with gray water, such as the leakage from a dishwasher, your restoration costs increase to $4 to $7 per square foot on average.
Fortunately, you can minimize or even prevent these restoration expenses by investing in prompt plumbing repairs. If you’re struggling to manage replacement expenses, GreenSky can help you defer some of the upfront costs with a reduced 0% financing rate for the first six months. Some plumbing expenses are quite steep, like the cost to replace a cast iron sewer pipe, which falls between $33,000 and $43,000 for a home with just 750 to 1,500 square feet. With affordable financing, you can make the repair quickly and pay off the expense more comfortably over time.
Are you looking into home improvement projects that will pay you back through long-term savings? Perhaps a long-term financing plan will fit your budget as well. Through GreenSky, you can get financing with reduced rates for as long as 84 months. This gives you years to settle the entirety of your home improvement financing, all while enjoying the enhanced efficiency associated with your upgrade.
If you’re currently using an electric water heater, you’re facing an average annual cost of $500. You can cut that in half with a gas or hybrid heat pump water heater, which costs just $250 a year on average. However, the cost to replace a water heater can slow down your home improvement project if you don’t have the funds upfront. The typical installation cost for a gas water heater runs around $500 while a hybrid water heater installation cost can fall anywhere between $1,200 and $3,500.
If you need help coming up with the upfront funds to afford these types of upgrades, GreenSky can provide a convenient and affordable option.
One the biggest drawbacks of using financing for your home improvement and plumbing cost is the added expense of interest. You can avoid this altogether with GreenSky, thanks to their generous interest-free payment plans. With qualifying credit, you may get as much as 12 months of financing with no interest at all.
Are you looking for short-term financing for your next home project? Perhaps you have the funds on hand but you’d like to reserve your money for another use or potential emergencies. You might have a credit card with the available means, but find that the interest rate doesn’t justify the purchase. GreekSky financing typically offers rates that will beat out any credit card. Qualifying applicants can also get offers like no-interest payments for the first six months.
In many cases, you’ll find that you can pay off the entirety of your loan in that time. For example, the average kitchen or bathroom faucet replacement cost is usually between $150 and $400. This falls well below some of the other plumbing projects covered here. With GreenSky financing, you may be able to score an affordable unsecured loan with a fixed interest rate and predictable monthly payments to ease the expense and spread the cost out a bit.
The APR (annual percentage rate) that you pay on a loan makes a tremendous difference in the overall cost of your financing. With a high APR, you could pay hundreds or even thousands more than the initial purchase price for your home improvement or plumbing repair. In this instance, it’s not worth pursuing funding unless you absolutely have to. The average credit card interest rate is 24.25% as of May 1, 2023. Soaring rates like these make it inadvisable to pay for big purchases with credit.
GreenSky financing offers a far better deal. You can secure a loan with a reduced APR of just 9.99% for 96 months. This means your rock-bottom interest rate is locked in for a whole eight years. With predictable monthly payments that never fluctuate, you can budget accordingly for the ongoing expense associated with your home improvement.
Rather than skate by with a rapidly failing water heater that requires frequent repairs, you can invest in a new cost-saving upgrade with one steady repayment price. Taking the step to invest in an upgrade will also allow you to start cashing in on the cost savings associated with your enhanced energy-efficiency right away.
Don’t wait on essential home repairs or worthwhile plumbing improvements. Invest in your home now and you’ll be that much closer to truly enjoying the house of your dreams. Our team at Plumbing Outfitters can help connect you with financing options that are tailor fit to your needs. Contact us today to learn more about how GreenSky financing can help you meet your goals. Whether you need a plumbing quote to help you get started or you’re ready to fill out an application, we can help.
