| How much is this going to cost me and is it worth it? |
| Cost vs. Benefits Typical Cost: 1 to 1.5% of the Total Cost of Construction. Many of the decisions homeowners make come down to cost vs. benefits. Are the benefits provided by an item or service worth the cost? The arguments for and against residential fire sprinkler systems are no different. Many builders are reluctant to include them because they add cost to the home they are trying to sell, while a number of municipalities, pressed by tight budgets and shrinking fire departments, are inclined to require new homeowners to purchase the systems. Prospective homebuyers are left to figure out whether they can afford to include the systems in their new homes or, in some cases, if they would rather live in a community where they are not required. The main argument made by fire professionals, the National Fire Sprinkler Association and others is that modern lightweight construction techniques, while perfectly sturdy under normal conditions, fail quickly when subjected to fire and high heat conditions. In most residential applications you only have 15 to 20 minutes before structure failure and fire sprinkler systems keep that from happening by holding the fire in check until firefighters can arrive. |
Cost and Cost Savings for a Typical
$300,000.00 Home:
•$3,000 sprinkler system
•6.5% mortgage
•5% credit on a $2,000/year insurance bill
•Combined Federal/State income tax rate of 33%
•The net cost of fire sprinklers, after mortgage related tax deductions,
would be $4.37 per month.
•This represents a 0.23% increase in the monthly payment
•Roughly equates to the cost of a premium beverage at your local
coffee shop
•Just how cheap do sprinklers have to become before they’re
considered cost-effective?
The Home Insurance Industry Encourages Sprinkler Installations
The insurance industry banks on the fact that having installed fire
sprinklers not only protects against fire injuries and deaths; they also
protect against fire damage. As an incentive for customers, insurance
companies offer discounts ranging from 5% to 30% off the fire portion
of homeowner premiums. Consumers should shop around for the best
insurance discount.a
$300,000.00 Home:
•$3,000 sprinkler system
•6.5% mortgage
•5% credit on a $2,000/year insurance bill
•Combined Federal/State income tax rate of 33%
•The net cost of fire sprinklers, after mortgage related tax deductions,
would be $4.37 per month.
•This represents a 0.23% increase in the monthly payment
•Roughly equates to the cost of a premium beverage at your local
coffee shop
•Just how cheap do sprinklers have to become before they’re
considered cost-effective?
The Home Insurance Industry Encourages Sprinkler Installations
The insurance industry banks on the fact that having installed fire
sprinklers not only protects against fire injuries and deaths; they also
protect against fire damage. As an incentive for customers, insurance
companies offer discounts ranging from 5% to 30% off the fire portion
of homeowner premiums. Consumers should shop around for the best
insurance discount.a
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| LASCO, INC. SINCE 1911 AUTOMATIC SPRINKLERS & FIRE PROTECTION EQUIPMENT 694 BEALE STREET MEMPHIS, TENNESSEE 38103 TEL: 901-526-1181 FAX:901-526-0786 EMAIL:lascosprinkler@yahoo.com |
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| Discount!! Encourages Sprinkler The Installations on the fact that having installed fire sprinklers not only protects against fire injuries and deaths; they also protect against fire damage. As an incentive for customers, insurance companies offer discounts ranging from 5% to 30% off the fire portion of homeowner premiums. Consumers should shop around for the best insurance discount. |
