Is appliance repair worth it?

Deciding if it's time to repair or replace appliances can be difficult, but there are some general guidelines to help you. The closer your appliance is to its hypothetical expired expiration date, the wiser it will be to replace it rather than repair it. But if the appliance has broken down repeatedly, resulting in several repair bills in recent years, it may be time to separate and consider a replacement. When an appliance is old and does not work efficiently, it is easy to decide to replace the machine rather than repair it, rest in peace.

Notini, from the Appliance Manufacturers Association, says that if you plan to stay in your home for 10 to 15 years, upgrading appliances is a good idea. That would mean replacing an appliance that is more than half its expected lifespan and requires repair work that represents more than half of its original cost. The configuration and age of the refrigerator are also factors that determine whether you should repair it, consider a repair, or buy a new one. If you're deciding when to replace appliances, you can apply the 50 percent rule to the age of your appliances, as well as the cost of repairing them, according to HouseLogic, a website of the National Association of Realtors.

If you are going down the repair route and you like DIY fashion, consider that there are some home repairs that you should never do yourself. This is because repairs will help you get more out of the appliance and this means greater value for money. The cost of repairs is probably not worth it for many smaller, lower-cost appliances such as vacuum cleaners. If the appliance is less than a year old, it probably still has a warranty that covers parts and labor, so repairing it will cost you nothing.

If the appliance is only a couple of years old and the warranty has just ended, it is likely to be cheaper to repair it. That said, if you're on a tight budget, you may have to opt for repairs if the cost is lower than the price of a new appliance. You may be able to postpone repairing or replacing an appliance if you adopt some good maintenance practices.