Your appliances are probably some of the most expensive things you have in your home. So, when one of them breaks down, not only does it disturb your daily routine but it can also cause quite a headache when it comes to your finances. Replacing it might break the bank, but there is also the option of repairing it. Deciding between the two, however, is harder than it seems at first and the decision involves quite a few factors you should take into account. Here are some of the telltale signs that will help you decide whether to call a repairman or the scrap metal collector.
Get acquainted with common problems
Above all, you should get acquainted with some of the common problems with appliances so that you can estimate whether you’re in for a costly ordeal. Some of the issues, such as installing a new door seal on your dishwasher or replacing the thermal fuse in your dryer, you can solve easily by yourself. Even a more serious oven repair can be solved cost-effectively if you turn to the right people. So, don’t write off your appliance as soon as you see it won’t turn on.
Consider the average lifespan and warranty
Every appliance has its life expectancy beyond which repairing and replacing parts is all in vain because it will just break down again for another reason very soon. This is why it is of the essence that you check how old your broken appliance is and whether it’s too late for it. For example, if your fridge is well over 13 years old, it might not be worth going through the repairing process. However, if your washing machine is still under 10 years old, you should probably not throw it out just yet. It’s also worth studying your warranty in detail. While it probably won’t entirely cover your repairs after a few years, some manufacturers have different kinds of services for their registered customers. In addition, if you’re looking to secure yourself, you can also extend your cover in some cases.
Follow the 50% rule
There is a general rule of thumb, which says that if your appliance is over halfway through its average lifespan and the cost of repair exceeds 50% of the price of a new appliance, it’s better to go for the new one. So, before you decide on your next step, research your appliances lifespan and get a repairman to diagnose the problem and give you a quote. This should give you a good enough starting point for your decision.
Don’t forget that there are always pitfalls you should take into account no matter what you decide. Buying a new appliance might involve more additional costs you did not count on. For example, if it’s larger than your previous piece, it might require adjustments to the kitchen layout. This could also involve plumbing and wiring changes, which basically means a whole kitchen remodel, which is not a cheap endeavor.
On the other hand, if you are repairing a relatively old and battered appliance, chances are it’s going to break down again in the future. Moreover, if you’ve bought your appliance decades ago, you are probably aware that it is not the most energy-efficient compared to today’s models.
Finally, keep in mind that maintenance is key. Depending on how you treated your appliance, it could serve you well beyond its expected lifespan. Combine a trusted brand with regular maintenance, and you can be confident that you won’t have to replace it anytime soon.