World Plumbing Day is celebrated on March 11 every year. The World Plumbing Council started this initiative in 2010 to raise awareness about the importance of plumbing. Plumbing is important in maintaining the health, hygiene and sanitation in a house. Because of leaky plumbing or lack of access to it, people catch various diseases. Leaking taps or clogged drains invite disease-causing fungi, bacteria and insects easily. Thus, it is very important for people across the world to have easy access to good plumbing services. This is where plumbing finance companies can play a major role.
Understanding the minor and major plumbing services
Plumbing services comprise a range of services catering to your bathrooms, kitchens, and localities. It could be a burst sewage pipe, a clogged kitchen drain or cleaning of your water tank. Here are some important plumbing services that are essential to maintain hygiene and health:
Pipe Repairs
Leaky pipes dripping water allow insects to live and grow there. It can also be ideal for rats and cockroaches to reside. Therefore, it is essential to repair these pipes.
Faucet and Fixture Repairs
Leaky taps and showerheads can be a grave issue. It wastes a lot of water. It also leads to unchecked growth of algae and fungus.
Cleaning of the Drains
Clogged drains are a major problem in any house. Stagnant and stale water provides a breeding ground for mosquitoes. It could cause diseases like dengue and malaria in the house.
Identifying Water Leaks
Another major service is identifying leaking water. Leaking water which is unidentified, can lead to a musty smell that’s undesirable. It also leads to plaster coming off the wall as it can spread to the whole room.
Preventing Backflow of Water
During the rainy season, one often witnesses the water from the drains coming back into the house due to backflow. This water is hazardous and toxic and can be difficult to clean if the backflow is not prevented.
Installing Water Filter Systems
Potable water is essential for ensuring good health, as rivers are highly polluted. It is very important to save you and your family from bacteria and gut infections.
Tank Cleaning Services
Water storage tanks often face problems such as algae growth due to constant contact with water. They even get fungal growth at times. Thus, septic tank cleaning is important once in a while.
Sewer Line Repair
The sewer lines of residential societies can often be problematic, leading to mixing with the water supply pipes. This can cause a great health hazard and epidemic outburst.
Repairing Toilets
Toilets also face several plumbing issues. The pipes get broken, the flush doesn’t work properly and the water faucet doesn’t work at times, too. That needs repairing as well.
Water Heater Repair and Installation
For colder regions and mountainous regions, central water heating systems are important. They save people from facing frostbite while ensuring hygiene. This system also requires constant repairs.
These services need plumbing repair financing services so that you can avail them easily and prevent health hazards.
Why does financing matter in plumbing?
Plumbing services, as a whole, are not inexpensive. This is because they require specialised skills and are a time-consuming labour intensive process. With internal plumbing becoming common, it has become even more expensive. Finding out the root cause of any plumbing issue takes time and patience, and one has to consider many additional factors. In such a situation, these services are bound to be costly.
Because of their costly nature, many people are unable to afford them in one go. This inadvertently exposes them to health hazards that can be disastrous. Especially in low-income groups, it can be a leading cause of poor life, poor health conditions and poor sanitation. Plumbing finance companies are very important for such groups.
Their plumbing repair financing services ensure that people can avail these services at their own pace. They allow you to make payments in instalments and even deferred payments through credit. All this helps you gain a good level of sanitation and life. These companies have a range of credit-based services to help finance your major repairs. Everyone should have the right to a good quality of life and sanitation.
What are plumbing finance companies?
These are the finance companies that offer credit and loans, especially for plumbing-related services. They offer multiple options such as home improvement loans, credit lines, instalment payment systems and credit card facilities. They usually have a range of partner plumbing companies and independent plumbers which make it easier to avail services for you.
Usually, the process starts by completing an application. You fill out your details and credentials. This can be done through a contractor or the company directly. Then, you wait for their loan approval. Once approved the funds are provided to you for your plumbing needs. Then, you can repay the loan as per the EMI.
Because of their competitive rates and flexible options, these companies are a great pick amongst customers. When you plan to associate with a plumbing finance company, make sure to check and compare interest rates. Check their one-time fee and reviews as well. Also, check the diversity of services and options for credit lines. This will help you make an informed decision. Additionally take client referrals and talk to different plumbers and contractors before finalising such a finance company.
What are the major services provided by plumbing finance companies?
Some of the major plumbing repair financing options offered by these companies are:
Personal Loans
These are similar to any other personal loans offered by banks and non-banking financial companies. You can use them for various personal expenditures, and they have minimal interest. If you are facing a current monetary crunch, you can take a personal loan against any collateral.
Home Improvement Loans
You can get these loans through the company you are getting plumbing services from. This can be provided by plumbers who have partnered with some bank or lending company. These loans are approved faster than traditional loans and can be repaid for up to 15 years. Many of these also have an online application, so you don’t have to get in long lines.
HELOC
These are home equity lines of credit. These credit lines can be availed for a variety of major plumbing services that are expensive.
Credit Cards
Some companies provide credit cards to be used mainly in stores with home improvement products. These cards can be used for buying repair parts or machines required by your plumber. But the only thing to consider is that using these cards can have some kind of surcharge or tax associated. So make the decision to use this wisely.
Split Payments or instalment-based Payments
Some plumbing services and companies offer an instalment payment system with 0% interest for a certain duration. You can consider splitting the total repair amount according to the duration of the loan.
These are the various services that one can use to ensure that major repairs are done timely. The services offered by plumbing finance companies make sure that your minor leakage doesn’t evolve into a major one.
How does plumbing repair financing help you afford repairs?
Help in Large Repairs
These financing options help you undertake last minute large repairs. These major repairs might be difficult to pay for in one go. These companies help you afford these repairs with various lines of credit and split payment options. This helps you improve your living conditions and ensure sanitary practices with ease.
Prepare you for emergencies
Advanced savings options or the credit card options that many plumbing finance companies offer prepare you for emergencies. In case some major sewage pipe bursts happen or a water logging situation happens, you would have a plan in place. All this makes you future-ready for any emergency.
Offer flexible payment options
By offering flexible payment options such as tailored options as per your budget, these plumbing finance companies make repairs affordable. These companies also offer flexible monthly or weekly payment plans to make larger, more expensive repairs manageable and affordable.
Improves Living Conditions
These companies offer financing options for both major and minor repairs, making it easier to manage the costs. This improves your living conditions and supports your family’s health. Plumbing repair financing is a valuable tool that can also enhance your overall standard of living.
Potential Tax Benefits
Many of these credit lines or savings can be reflected in tax deductions. This also helps you in saving money on taxes.
Through these various ways, plumbing repair companies are a help to people. These financing options are lucrative and a great way to easily afford major repairs.
Wrapping Up
Plumbing finance companies greatly help people who face issues in affording expensive plumbing services. They make it easier to break down the payment into small parts. Plumbing is very important for a good quality of life. Good plumbing measures lead to increased sanitation, hygiene, potable drinking water and reduced risks of diseases. Using these companies and their services can ensure a better standard of living. This would also improve community health along with individual health. Additionally, they also offer consultancy and tips on maintaining the repairs. All this sustains your repairs in the long run!
