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.
Water heater replacement clue #1: Age. The older a water heater gets, the more likely itâs about to break down. Electric water heaters generally last 8-10 years, while gas water heaters may only be good for 6-8 years.If your water heater is any older than this, it may be time to check for some of the symptoms below.ater heater replacement clue #1: Age. The older a water heater gets, the more likely itâs about to break down. Electric water heaters generally last 8-10 years, while gas water heaters may only be good for 6-8 years.