by Alex Everest. A contract for deed (aka land contract) is a method of selling a property in which the seller finances some portion of the purchase price. The buyer typically provides a down payment and makes installment payments directly to the seller for an agreed period of time. The length of a contract for deed varies but a 2-5 year period is most common, after which a âballoon paymentâ for the remainder of the balance is due.
While standard units with tanks that hold and heat large amounts of water last approximately 13 years, tankless or on-demand heaters -- either gas or electrically heated -- can last up to 20 years.
When your water heater begins to leak, you have to replace it fast. We'll show you how to install your own gas water heater in less than a day. Even if you don't need a new water heater right now, chances are you will within the next few years. Water heaters tend to last seven to 15 years.ost residential water heaters cost $150 to $400 for either gas or electric, plus $200 to $450 if you have a plumber install it. More expensive gas water heaters with special venting systems also are available. But they're more difficult to install, and we won't deal with them here.