If you have ever owned a property that was governed by a homeowners’ association (HOA), you know that they must carefully plan for capital expenditures, such as common area improvements, roof replacement, parking lot resurfacing, and so forth. As the owner of a single-family home or another type in which you are responsible for the HVAC equipment, you can and should use this same concept when it comes to the inevitable HVAC replacement you’ll need one day.
There are a couple ways you can go about this. One way is to have an HVAC specialist give you an estimate of the time remaining on your current system, as well as the cost for HVAC replacement. This will be in today’s dollars, so factor in inflation for the number of years until you’ll need to replace it, and then calculate the amount to put away each week, month, or year. Take that and put it into a savings account, so it will be there when you need it. This way, you are earning interest instead of paying interest on a loan later.
Another way is to work with an HVAC company that offers a layaway plan. This can be an even better idea because of the other perks they offer, such as keeping your current system going as long as possible, giving you more time to save for your HVAC replacement.
Here at JLK Mechanical Heating & Cooling, we have a layaway plan that is one of the best in the industry. In fact, we don’t think anyone has one like it. We do the calculations for you, so you can get your HVAC replacement covered, and in the meantime, we take good care of your old system, including covering all parts, repairs, and labor. That’s right – it’s totally on us! We understand it can be challenging to save when you keep having to repair your current one to get by. Our layaway plan can also be used for your water heater replacement. Or we can arrange financing if you want to take care of HVAC replacement right away. Contact us today to learn more about how we make HVAC replacement easier and more affordable.