The Trouble With Home Appliances
When something goes wrong with a home appliance, you need to consider its age, the cost of repairs, energy efficiency, the cost of replacement, and kitchen space to determine whether replacement of repair is the better option.
Repair or Replace Your Broken Appliance?
Use the 50% Rule
The average cost of an appliance repair is around $164 with most homeowners reporting that they spend between $107 and $229. The question is – should you pay for repairs or replace the broken machine?
Consider the 50% rule:
- If a machine is past 50% of its average lifespan.
- If the cost of a repair is more than 50% the cost of a new unit.
If the answer is yes to one or both of those 50% rules, then the recommendation is usually to buy a new appliance.
Consider Energy Efficiency
An important thing to consider when choosing between repair and replacement of an old appliance is the energy efficiency. Although replacement may be more expensive upfront, the savings in energy efficiency over time may make replacement the better option.
That being said, replacing an appliance with plenty of life left in it may not be economically wise. You could end up spending thousands on its replacement, only to save hundreds in energy consumption.
Hidden Costs In Replacement Of Appliances
Sometimes the cost of replacement is more than just the price tag at the store. For example, if you buy a new appliance with different dimensions, you may need to modify your kitchen counters or cabinetry to accommodate it.
If you end up switching from electrical to gas, or vice-versa, you will need to spend more money on ensuring that the proper connections are available for your new appliance.
If you need any assistance with appliance installation or repair in Denver, please contact All Area Appliance, for expert help!