If one of your appliances has been acting up lately, you may be facing the dilemma of whether to repair it or simply replace it with a new one. With the growing sources of self-help information and tutorials freely available online, repairs appear to be a viable option. But, is a repair worth all the effort and money? Is a replacement more practical? Well, it depends.
To help you make a decision that offers the best value for your money, here are things to consider:
After making a home appliance purchase, make sure to always safe keep the manufacturer’s manual. This way, when your home appliance starts acting up, you can review the manual to figure out what to do and what’s in it for you. Most manufacturer’s manuals include a 10-year warranty for replacement parts.
How old your appliance is
Another thing to consider when choosing between a repair and replacement is the age of your home appliance. If it’s still new, you can take advantage of the service warranty included in your purchase. However, if your home appliance has been with you for years already, it may be best to consider an appliance upgrade.
You need to know the life expectancy of your most common home appliances to give you an idea of when to give them an upgrade.
- Refrigerator: 15 years
- Stove/oven: 10-15 years
- Dishwasher: 8-10 years
- Washer and dryer: 8-12 years
- Water heater: 10 years
- HVAC system: 15-20 years
Also, if you think your home appliance has already maximized its purpose from the time of its purchase, let it retire and buy a new one already. If you’ve been experiencing difficulties from your appliance that’s more than a decade old and the knobs and bolts are starting to fall off, you can save better with a new purchase.
An expert’s problem diagnosis
The best person who knows everything about a specific product is its manufacturer and creator, right? So, if you’re starting to experience problems with your home appliance, it’s best to contact its manufacturer or customer care center. They’ll give you the correct diagnosis and solution to your home appliance problems.
How long a repair can last
If you’re heading to the direction of having your appliance repaired, make sure to ask how long the repair can extend the life of your home appliance. If the repair cost is relatively cheap and the repair can significantly extend the life of your appliance unit for more years, then, opt for having your appliance repaired instead.
Rates of repair and replacement
Figure out both the cost of the repair and the replacement. Compare them. For new appliances, part replacements and repairs may seem cheaper and more practical than buying new ones. However, if the repair or replacement cost is more than half of your appliance’s purchase price, a unit replacement is much better.
When comparing the repair cost and the replacement cost, you also need to consider other things like eco-efficiency, energy usage, etc. Some appliances may take cheaper to repair but can consume more energy in the long run unlike when replaced with new, eco-friendly, and energy efficient models. Choose wisely.
Hope the above tips helped you in your decision-making. Take your time and don’t be too quick to make your choices. Select the choice that offers greater value for your hard-earned money!