Why a Water Leak Detection System Will Save You Money
There’s a strange dichotomy in the world of smart home technology. It seems this tech varies from real luxury items (like, say a fridge with a touch screen) to genuine money savers (smart thermostats being perhaps the best example). So it looks like most smart home tech is either about dropping some serious cash to have a high-end tech product – or about very practical money saving.
Many looking to get into smart home tech are understandably thrown off by the price tag. So it’s important to know which technology can really save you money down the line. That’s why we’re diving into that dichotomy to talk about why water leak detection systems fall squarely into that money saver category.
How Do Water Leak Detection Systems Work?
The most basic function of any water leak detection system is right there in the name: detection. Generally, they use sensors, which you can place around your home near places that are likely to experience a water leak (the water heater, near your sink and toilet, behind the washing machine). Then, if one of these sensors detects a leak, the system will tell you about it, usually via a smartphone app.
However, that kind of system can only do so much. This is particularly true if you’re away from home on vacation or business. You could find yourself calling a neighbor or even the police to tell them there’s a major water leak in your home. Needless to say, that’s a less-than-ideal situation.
So what distinguishes a more advanced water leak detection system from the basic models?
More Advanced Water Leak Detection System Features
The big difference comes with how the system actually responds to a water leak. A more advanced system will alert you, but it will also stop the water, thereby preventing that leak from doing any more damage. Some systems will do this at the source of the leak, while others will shut off the main valve for the entire house.
The point is, even if you’re not there, a more advanced water leak detection system will take care of any problems automatically so that you can rest easy. Being able to remotely control your home plumbing also has added benefits.
For example, anyone with a vacation home who has to remember to shut off their water before winter knows that forgetting to do so can cause some serious problems. It’s nice to know that you can simply shut your water off remotely from half a world away. But what about the money-saving angle? Some water leak detection systems can cost hundreds of dollars – do they pay off?
How Preventing Water Leaks Saves You Money
Obviously, to understand the money saving potential of a water leak detection system you need to know the potential costs of a water leak. There are two distinct ways water leaks cost you money. The first is the price of that water.
Ah, but water is so cheap! Well yes, when used in normal quantities. But the New York City Environmental Protection Agency estimates that even a tiny tiny drip can cost you around $14 a month. Upgrade to a steady drip and that becomes $70 a month. That may not sound like much, but then you have to factor in the kind of damage undetected leaks can wreak.
Even a small leak can necessitate replacing materials, repainting surfaces and getting a professional to check that there’s been no serious structural problems. If the water leak lasts long enough it can begin to rot the wood which supports your home and create real danger. Those costs easily add up to hundreds of dollars. If you end up with mold growth, which can cause serious respiratory problems. In either case, the dangers to your health and impact on your wallet only increase.
Compare this with the the one time cost of a few hundred dollars for a leak prevention system and it’s clear that such a system can pay for itself by preventing even a single medium sized leak. If it prevents a larger leak, you’re talking about thousands of dollars of savings.
What About Homeowners’ Insurance?
Well, if the leak resulted from unresolved maintenance issues (another reason to check if you need to replace your pipes) then your homeowners insurance probably won’t cover it. Your insurance also likely won’t cover replacing the appliance or fixture that caused the problem. In any case, deductibles and hassle also add up, even if your insurance covers the damage.
Prevention Is the Smart Option
All of this adds up to prevention. That means undertaking proper maintenance of your home’s plumbing and doing the math yourself to see if a water leak detection system could save you money by preventing water leaks. If you’d like to review your options, check out what Leaksmart has to offer.