Furnace Repair vs. Furnace Replacement: What’s the Right Choice for You?
When the furnace in your home breaks, you will need to decide if you should hire a furnace repair company to fix the problems with the existing unit or invest in a new furnace. Understanding which choice, whether to go with furnace repair or furnace replacement, is best for your home’s unique situation can help you save a lot of money.
We have created a brief guide that will help you determine which choice – repair or replace – is right for you.
The Factors Used to Determine Whether to Go with a Heating Repair or Replacement
Several factors should be carefully considered when you are trying to decide whether to go with an HVAC repair or a replacement. The factors every homeowner should consider include:
- Age of the existing furnace
- Safety concerns
- Cost of repairs vs. cost of replacement
Consider the Age of Your Home’s Furnace
Like all appliances in your home, your furnace is not built to last forever. The average furnace is built to last approximately 15 years. In some cases, they can last up to 25 or 30 years.
When considering whether to repair or replace, think about how old your furnace is. If the furnace is close to its maximum lifetime expectancy, you may want to consider replacing the unit as more problems will occur in the future. In this case, replacing the unit may be more cost effective.
Some repairs are very basic. However, some are complex and really could put your family and your home’s safety at risk. If certain things, such as cracks in the heat exchange, occur, you should opt to replace the unit instead of repairing. Issues of this nature can put your family’s health and life at risk if not properly fixed. It is better to just replace it in an effort to keep your family safe.
Cost of Repairs
If the estimated cost of repairs for your furnace is more than a third of the cost of a new furnace, it is often better and more cost effective to purchase a new unit. A heating and cooling company, like Robert B. Payne, Inc. can help you compare the cost of repairs to how much it would cost to replace the unit. This information can help you make an informed decision regarding whether to go with a furnace repair or replacement.
Contact us today to schedule an appointment to have one of our heating and cooling professionals come and provide a personal recommendation on whether you should repair or replace your furnace. You can also learn more about our ac service repair services and other heating and cooling services, too.