Renting vs. owning a furnace and/or air conditioner
Being a homeowner is all about creating value within your property. One decision you will have to make is whether you should buy or rent your furnace and/or air conditioner.
HVAC systems can have a direct impact on the value of your home. Something as long-term as a heating or cooling system is considered an investment.
So how do you decide whether to rent or own? Let us help.
Renting a furnace and/or air conditioner is done by signing a long-term contract at a monthly rate dependent on the length of the contract. Benefits include potentially lower monthly payments over a longer period of time, less upfront costs and coverage of labour costs.
If you choose to upgrade to a new high efficiency HVAC system, owning can prove to be an asset when selling your home.
A rental agreement will lock you into a contract for up to four times as long as it may take you to finance a brand new heating or cooling system. These contracts are also binding no matter the owner. If you choose to sell your house at any point, the new owners must agree to take on the contract you signed causing them to value your listing lower.
To lower the upfront costs of purchasing a new HVAC unit, A1 offers low financing rates that can be used to create a custom financial plan through our partners, SNAP Financial. By financing your unit, payments will finish in a fraction of the length of a rental contract.
Even labour coverage is an option with owning. A1 Air Conditioning and Heating offers SuperCare Protection to eliminate all labour costs associated with owning a system. For one low annual fee you can receive coverage on any piece of your home comfort system.