The Truth About Tanks
Sometimes, homebuyers just aren’t familiar with heating oil tanks, especially if they are located underground. And it’s also possible that you’ll be dealing with other Pennsylvania real estate agents who have similar concerns as their clients. Understanding what to look out for and what to be aware of when it comes to heating oil tanks can often eliminate unnecessary anxiety by one party or another. Here are some insights to help you improve your tank talk.
Types of tanks
You will find heating oil tanks in one of three locations around a property; in the basement, outside, or underground. The vast majority of homeowners are choosing to replace their large underground tanks with smaller, compact aboveground tanks. That’s because heating oil efficiency has improved so much that homeowners in Pennsylvania don’t need as much fuel storage anymore. Plus, homes with new, smaller aboveground tanks are easier to sell and more attractive to buyers than homes with 50-year-old underground tanks. As a real estate professional looking out for the best interest of your clients, you should always talk to your sellers about replacing their old tanks and installing a new tank. They’ll thank you for it when you are able to sell their home quickly and for more money!
Storage tanks are incredibly safe. For starters, heating oil does not and cannot explode, which makes having a storage tank risk-free. What’s more, the vast majority of heating oil tanks are functioning properly and will continue to do so well into the future. While some homeowners have negative misconceptions, the truth is that heating oil tanks are extremely safe.
New Tank Technology
Today’s heating oil storage tanks have come a long way! While yesterday’s tanks often lasted for 30 or 40 years, today’s tanks are even better. Many of today’s tanks are double-walled, providing extra protection so that homeowners don’t have to worry about a tank leak. They are also made from different materials, making it even less likely that a homeowner will have any issues. And they can also come with warranties providing even more coverage. If you are representing a property that has a tank that is 25 years old or older, now is a great time to recommend that your client upgrade that tank and make their home even more attractive for sale.
Thanks to funding made available by local heating oil associations in Pennsylvania, homeowners can receive up to $1,000 when they install new heating oil equipment!
- Homeowners in northeastern PA can receive a $500 rebate when they install a new heating oil system AND a $500 rebate when they install a new heating oil storage tank.
- Homeowners in Berks and Schuylkill counties can receive a $250 rebate when they install a new heating oil system OR a $250 rebate when they install a new heating oil storage tank.
As a Realtor, this can be a powerful tool to make your clients aware of. You can help your sellers improve the curb appeal of their home and it’s a great tidbit you can share with your clients who recently purchased a property and want to make some home improvements as soon as they move in. Rebates are available while funds last, so visit www.upgradeandsavepa.com for more information today!