If there is one thing that homeowners can count on, it is that at one point, appliances are bound to break down and require some sort of repair or service. Even with many appliances designed for longer durability, it reaches a point where something has to break down. The question of whether to repair or replace appliances is one which every homeowner faces at one point. In order to determine whether to have your refrigerator, washing machine, air conditioner, freezer or dryer repaired or whether to buy a new one, you need to consider the following factors.

Cost of repair or purchase

It is recommended that you replace an appliance if the cost of repair is more than half the cost of a new one. When calculating the cost of repair, include the cost of labor, new parts and any other costs that may be quoted by your repairer. For a new appliance, include costs of removal of old appliance, delivery of the new appliance, installation costs and any other costs. If the total appliance repair costs exceed half the cost of a new one, it is wise to replace it. This is because in case of a second repair, the total amount would be more than that of purchasing a new appliance.

Appliance warranty

Appliance repair is recommended for appliances that are still covered under a warranty, since the costs are usually covered. One just needs to visit a repairer or dealer that is approved by your manufacturer or one that carries out warranty repairs. It is important to note that there are limited warranties that do not cover the total cost of repair, while others do not cover labor costs. Inquire with your repairer about the scope of your warranty before committing to repairs.

Impact on energy costs

Some manufacturers design newer models of appliances that greatly save on energy costs. Before repairing your current one, find out whether newer models save on energy costs as compared to the one you have. Appliances such as washing machines, dishwashers, refrigerators and microwaves may have modified and green models that save greatly on energy. In such a case, though the cost of buying a new appliance would be higher, it will save on energy costs in the long run, making it cheaper to use.

Nature of appliance

The nature of some appliances would make it difficult or almost impossible to replace them. In this case, appliance repair would be the most suitable or only option. This refers to antiques or custom-made appliances which cannot be replaced in the same configuration.

The question of whether to repair or replace an appliance is one that should take into consideration the above factors in order to make the most cost-effective decision in the short or long run.