Should I Repair or Replace My Furnace?
If the furnace is less than 15 years old and fixing it costs less than half the unit’s purchase price, you should repair the furnace. If your furnace is 15 years old, has frequent problems, or requires expensive repairs, you should replace your furnace. Doing so may cost more upfront but can help you save money on repairs and energy costs down the road. When deciding whether to repair or replace your furnace, you need to consider more than just the cost of the job. You also need to factor in reliability, safety, efficiency, and home value. Virginia winters are cold and last several months. As such, base your decision on what provides long-term comfort and safety for your family.
Repair Your Furnace If:
- Your furnace is less than 15 years old.
- Your furnace is still under warranty.
- The cost of the repair is less than half the unit’s purchase price.
- The repair provides a long-term solution.
- The repair helps your furnace run more efficiently.
- You have significant perks or discounts under your current HVAC Maintenance Plan.
- You plan to relocate within the next two to five years.
Replace Your Furnace If:
- Your furnace is more than 15 years old.
- Your furnace has chronic problems.
- The cost of repair is more than half the unit’s purchase price.
- The repair does not improve the furnace’s performance.
- The repair does not improve your furnace’s efficiency.
- You plan to stay in your house for another five to ten years.
What to Consider When Choosing Between a Furnace Repair or Replacement
Furnace AgeA well-maintained furnace lasts 10 to 15 years. Once the furnace surpasses the 15-year mark, it will show signs of wear. You can piecemeal the repairs as you go. However, furnace repairs will become more frequent and expensive.
Furnace ConditionIf you inherit a furnace that a previous homeowner neglected or abused, trying to repair it may be a waste of time. A furnace inspection may reveal numerous problems that cost you thousands of dollars to fix. Your best option is to remove the old unit and replace it with a new furnace that provides reliable performance.
How Long You Stay in the HouseAre you planning to stay in the house for several years, or will you relocate? If you plan to relocate, you may want to stick it out and repair the furnace as necessary. A furnace replacement may be a better option if you plan to stay in the house for another five to ten years. Remember that a new furnace is an investment into your home’s market value regardless of when you move.
Furnace Maintenance: The Best Way to Avoid a Repair or ReplacementNo matter how you look at it, addressing furnace issues can cost you thousands of dollars out-of-pocket. The best way to avoid furnace repairs or an expensive replacement is to schedule routine preventative furnace maintenance. Furnace maintenance offers several benefits.
- You avoid (or at least delay) costly furnace repairs.
- You avoid a premature furnace replacement.
- Your monthly energy costs or lower.
- Your furnace keeps your family warm during the winter.