From a business stand point, there are many reasons to consider starting a furnace repair company. The frequency of repair may not seem very often, however, in a bigger metro area, furnaces and plumbing go bad all the time. With such a large customer base your can literally bank on having your phone ringing for some unfortunate circumstance that you can solve.
Below is a number of reasons a person may need to have their furnace fixed, and some of the options that are available. While reading this consider these points as they pertain to your business. Each one of these points is a money making opportunity, and if you market your business right you can capture that business.
There are of course many other aspects to running a heating repair service, such as staff, equipment, marketing and understanding the local building codes, however, this article will show you what potential there is in the right area.
If a furnace is properly installed and maintained, it can last for many years- often way past their expected lifespan. However, if they are not properly maintained, their lifespan can be decreased. Most furnaces go out when they are being used. This means you may be left in the cold and people must act quickly. There are times when it is in the best interest of the homeowner to replace the furnace rather than trying to fix it. Trying to repair an older furnace can end up costing more than a replacement.
The age of your furnace is one consideration to look at. A furnace, when properly installed and maintained, should last between 15 and 20 years. Newer furnaces are more efficient than older furnaces, which means a saving on heating bills. If the furnace is close to the end of its life expectancy, the client may want to consider having it replaced rather than repaired.
Frequency of Repairs
If your client has a furnace that has faced many past repairs and you want to serve your customer at the highest level, it may be time to replace your unit. All of these repairs will continue to add up and can eventually cost more than purchasing a new heating system and having it installed. The frequency of repairs will be a good indicator of whether it’s time to replace your older unit.
An Expensive Repair
If a client is faced with an expensive repair, there are two things to know. First, if the repair will cost half as much as a new system, it a safe bet that it is time to replace the unit no matter how old your unit is. Secondly, if the furnace is older and the repairs will cost more than ten percent of the cost of a new furnace, you should consider replacing your unit.
Often, when a furnace begins needing repairs, these repairs will continue to be needed. The cost of the labor and parts can end up costing more than a new furnace over time. Rather than sinking money in an old unit, why not bite the bullet and get a new, energy efficient furnace.
Increased Heating Costs
If the cost of heating bills has increased over the last several years, it may be time to replace a heating unit. The temperatures will vary from year to year, so your utility costs will vary slightly. However, if you begin noticing that heating costs have continued to rise every year for the last three to five years, it may be time for a client to consider a new heating system. As a heating unit ages, the efficiency can begin to decline. When this occurs, heating bills will begin to rise. Purchasing a new efficient heating system can save them a lot of money on heating costs.
If you’re in the market to improve the efficiency of your home’s heating system, a hybrid system that uses an air source heat pump in conjunction with your existing furnace may be your best option. These systems can reduce your heating bills by as much as 30 percent.
A heat pump condenses heat present in the outside air — usually down to about 30-degrees Fahrenheit, depending on the region and the amount of moisture in the air — and pumps it into the home. When the temperature drops below freezing, there’s not enough heat in the air to sufficiently heat the home with the pump alone, so the backup electric or gas furnace kicks in to provide warmth. read more at huffingtonpost.com
As you can see there are many ways to service a customer in need. If you are serious about an evergreen business opportunity, this is a great one to consider. In fact many plumbing and heating companies are generational and pass on from family member to family member. Very few other business are able to sustain so effortlessly.