In many locations across Australia, there is a growing concern about the availability of fresh water. Droughts are a common topic in news stories, and some people are concerned about the possibility of water shortages and the increasing price of water. If you are like other Australians, you may know several people who have already invested in rain water tanks. These tanks are used to collect, recycle and store rain water so that it can be used inside and outside the home for everything from watering the lawn to cooking, drinking and flushing the toilet. While the basic concept of a water tank may sound logical, you may be wondering if this is a good investment to pursue.
Consider your goals
There are many benefits associated with installing water tanks, underground tanks, or other types of tanks on your property. However, in order to determine if this is a sound investment option for you, you must first determine what your goals are. For example, if your sole reason for investing in quality polyethylene tanks or other models of tanks is to save money by saving water, you may need to do a cost analysis of the investment. Review your water bill to determine how much water you currently use, and consider what the up-front cost of a tank and the installation service will cost. Then, you can determine how quickly the tank will pay for itself and will begin to save you money. Of course, there are other reasons to invest in rain water tanks other than simply to save money, but the cost savings is often a major goal for those who purchase rain water tanks.