October 2003 Owners Update
When to Repair or Replace Broken Appliances
by Broderick Perkins
How do you know when to repair or replace
an aging or broken major appliance?
Depends.
Age of the old appliance, the price of a new
one, hidden costs and new technology are among a host of
factors you'll need to consider, according to RepairClinic.com
an appliance parts e-commerce site offering do-it-yourself
appliance repair information.
"Many people throw away appliances because
they don't know a repair person they trust. They also fear
the repair cost will be so high they'll wish they had just
replaced the appliance," says the clinic.
RepairClinic.com says the cost of labor comprises
75 percent of the cost of repairing an appliance and many
people can troubleshoot and repair appliances themselves
for a significant savings.
If
the repair is extensive, it may be time to consider replacing
it unless you've had it for 10 years of solid service. Hard
working appliances still doing the job may be worth a repair
investment, says the clinic.
"In general, appliances last between 12
and 14 years. However, many appliances last for more than
30 years," according to
RepairClinic.com. The clinic suggests considering the following
questions to help you decide to replace or repair your appliance.
If a repair will cost
more than half the cost of a new appliance, and the old
unit is more than six or seven years old, consider replacing
it. Otherwise, pay for a second similar repair and you've
just shelled out the cost of a new appliance. Some major
appliances don't cost what they did 10 years ago. Check new
prices.
Will you incur special costs,
say removal, installation and disposal costs to replace
an old appliance? Fees can add up and tip the scales back
to a decision to keep the old appliance.
How difficult will it
be to replace a built in or over sized appliance you can't
move through doors or past railings to get the appliance
out of the house. Consider those costs as well.
Factor in energy savings
available from new appliances. New Energy Star rated refrigerators,
freezers, front-load washers and dishwashers can save significant
energy and related utility costs. That's less the case with
ranges, ovens, dryers and ice makers, according to RepairClinic.com.
This becomes especially important to a landlord who is
paying the utility costs.
Consider new features that
could give you greater flexibility and convenience and,
as such, adds to the value of the unit -- provided you actually
use those features. A dishwasher with five automatic cycles
isn't as valuable to you if you use only three, the clinic
advises.
Page Two
|