So this month we’ve been talking about appliance life span and maintenance. In our business, the question of repair vs. replace inevitably comes up. We have found that taking into account the actual age of the appliance in question, it’s “expected” life span and the proposed cost of the repair can usually help arrive at the right conclusion.
In this month’s owner newsletter we’ve included some information on expected life span of various appliances. If the appliance in question is halfway or further into its “expected” lifespan and the cost of the repair will be 50% or more of the cost of replacement, it’s a fairly safe bet that replacement will be the more cost effective way to go.
There are variables to consider in repair as well—even if deemed affordable. Ease of procuring parts (which can translate into time it takes) and access to resources that can actually install them (again, time—how quickly they can be scheduled to make the repair). A refrigerator is considered more critical than, say, a microwave (and assuming the stove/oven is operational!)
Check out these links that also address this topic………