The level of competition amongst suppliers of hot water cylinders is almost as hot as the products themselves.
This is beneficial when it comes to choice for residential consumers, but can add confusion for an investment that will dictate the quality of life and property prices.
To be across all of the updated information and available deals, customers must take their time and assess the options.
Here are our official market study tips for buying new hot water cylinders.
Did The Old Cylinder Perform?
To be across the type of hot water cylinders that exist in the market and to proceed with confidence to suppliers, it is essential to reflect on past performance with an older model. New homeowners have a clean slate to work within this regard, but other residents who are looking to upgrade their system should assess if their investment delivered the goods. No matter if the product was gas, electric, solar pump or solar in nature, past performance will be a good indicator for future performance.
Short-Term & Long-Term Water Demand
Thinking strategically about hot water cylinders should come down to the model that can cater to the domestic demand. This will be a point that factors in the short-term and long-term requirements, ensuring that there is a system that can deliver at least 50L of heated water per person each day. Storage capacity will come into the equation for gas and electric designs, but even the heat pump and solar panel creations will need to be able to satisfy constituents according to their quantity of hot water consumed on a weekly basis.
Sourcing From Established Brands
There is too much on the line for homeowners to take risks with hot water cylinders. An investment in this market will have a presence throughout every domain of the home, from the kitchen to the bathroom and laundry area. That is why these goods should be purchased from established brands only, providing peace of mind for local constituents who need to be covered for maintenance and investment protections during its lifespan. This is not to rule out domestic suppliers who can satisfy sections of the market, but they should be businesses that have the right amount of resources and history to assess.
Speaking With Trusted Sources
One of the best market tips that consumers can adopt when seeking these cylinders is to talk with other residents who have installed these systems. Close friends, family members, neighbours, work colleagues and other parties have the chance to reflect on their purchase, detail what did work, what didn’t work and whether or not they would pass on any guidance on the topic. Especially if they come from similar-sized homes with comparable hot water demands, shoppers can draw a parallel.
Local Customer Service Intervention
While the initial purchase and installation is the major starting point for consumers of hot water cylinders, these items will need to be monitored over the course of 10-15 years and beyond. Suppliers across metropolitan, suburban and rural communities must ensure that they offer essential maintenance services to keep tabs on performance fluctuations. In the event that some infrastructure needs to be repaired or updated, consumers will need to invest in a business that ticks these boxes. There can be savings made on the front end of the transaction with a bargain cylinder buy, but that extra investment for quality customer service will pay dividends for the following months and years.
Competitive Pricing Scheme
No one can study the market of hot water cylinders without the price tag being a central consideration. By scouring suppliers online and sifting through the available options according to price, it will be easy to conclude who is setting their prices fairly. Part of that value will be the overall package and not just the cylinder in isolation. That package will incorporate maintenance and installation provisions, as well as upgrades courtesy of extended warranty policy.