Tips for Making the Right Choice with Home Appliance Repair

Is it worth it to fix an appliance? This is a question that many homeowners ask themselves when faced with a malfunctioning fridge, stove, or washing machine. On one hand, repairing the appliance can save money, but on the other, it may be more cost-effective to replace it altogether. In this article, we will explore the factors that go into deciding whether it’s worth it to fix an appliance.

Looking at the cost and time to fix versus replacing it

The first thing to consider when deciding whether to fix or replace an appliance is the cost and time involved in each option. In some cases, repairing an appliance can be a quick and relatively inexpensive fix. For example, if a washing machine is not draining properly, the problem may be a clogged hose, which can be fixed for a few hundred dollars.

However, in other cases, repairs can be much more expensive and time-consuming. For example, if a refrigerator compressor fails, the repair could cost upwards of $1,000, and it may take several days for the repair technician to complete the job. In this scenario, it may be more cost-effective to replace the refrigerator rather than repair it.

Is it cheaper to repair or replace?

Generally speaking, it is almost always less expensive to repair an appliance than to buy a new one. For example, even something as severe as an engine or transmission rebuild on a car will cost you roughly $1,200 to $5,000 — far less than buying a new car. The same principle applies to appliances.

In 2021, the cost to repair an appliance ranged from $100 to $300. However, this cost can vary widely depending on the type of appliance and the extent of the repair needed. For example, repairing a washing machine might cost $150, while repairing a refrigerator might cost $500 or more.

How to Follow the 50% Rule

One helpful rule of thumb when deciding whether to repair or replace an appliance is the 50% rule. If an appliance is more than 50% through its lifespan and the cost of one repair is more than 50% of the cost of buying new, you should replace rather than repair.

For example, let’s say you have a refrigerator that is 10 years old and the compressor fails, which will cost $1,200 to repair. If the cost of a new refrigerator is $2,400 or less, it’s probably more cost-effective to replace the refrigerator rather than repair it.

Who fixes appliances?

When it comes to repairing appliances, there are several options available. Some people prefer to try to fix the appliance themselves using online tutorials or repair manuals. However, this can be risky and could potentially cause further damage to the appliance if not done correctly.

Another option is to hire a professional appliance repair technician. Many appliance manufacturers have certified technicians who are trained to repair their specific brand of appliance. You can also find independent repair technicians who are experienced in repairing a wide range of appliances.

In general, it’s a good idea to research appliance repair technicians before hiring them. Look for reviews and ratings from other customers to get a sense of their reliability and quality of work.

In conclusion, deciding whether to repair or replace an appliance can be a complex decision that depends on several factors. It’s important to consider the cost and time involved in each option, as well as the age and condition of the appliance. In general, if an appliance is relatively new and the repair is minor, it’s probably more cost-effective to repair it. However, if the appliance is old and the repair is expensive, it’s likely more cost-effective to replace it. Ultimately, the decision should be based on a careful evaluation of the options and the homeowner’s individual circumstances.