When Is It Time to Replace or Repair A Heating System ?
Even the most well-designed machines will break down eventually, but with a device like a furnace, a simple breakdown could potentially lead to a dangerous situation. Damaged furnaces can leak gas, release carbon monoxide or even trigger an electrical fire.
Even after receiving advice from an experienced HVAC technician, you’ll still have to decide on your own whether you want to repair your furnace or buy a newer model.
Repair or Replace: Factors to Consider
Furnaces tend to last between 15 and 20 years on average. Some last longer than that, and others break down much sooner due to defective parts or improper installation.
You need to have your furnace maintained by a professional if you want it to last. Filter changes, cleaning and wiring checks are all important.
- Proper Installation
If you or someone else installed your furnace incorrectly, it could end up breaking down long before it should. Bad installation jobs can lead to long-term damage to the safety switches, heat exchangers, fans and motors. Overheating and high utility bills are red flags that something has gone wrong.
- Manufacturer Quality
They say you get what you pay for, so if you found a furnace for an incredibly cheap price, be wary. It’s always wise to look into the manufacturer and read reviews about their products before you make a purchase. Be sure to check for recent reviews. Companies tend to evolve over time, and they don’t always change for the better.
- The Value for Resale
High-quality appliances that have been updated and maintained properly will help you earn a good resale value on your home. Most potential buyers will have a home inspector look at your property, so an updated furnace can make a good impression.
- Saving Money on Your Utility Bill
Comparing utility bills with your neighbors is a good way to check for a sign of a problem. Modern furnaces are designed to run at 95 percent efficiency or above, but older models sometimes only run at 50 to 80 percent efficiency. Do the math to figure out how much you could save by updating.
- Your Own Well-being
Sometimes, buying a new furnace can do wonders for your peace of mind. New models come with excellent warranties, and there are plenty of brands that have earned a reputation for quality. According to statistics, a homeowner will spend more money repairing their furnace in the last two years of its life than all the previous years combined. If you want to focus on traveling and enjoying your life rather than worrying about keeping your furnace alive, it makes sense to buy new.
- The Cost
It’s important to compare the repair cost to the cost of buying a new unit. A hefty repair bill obviously wouldn’t be worth it, especially if you could buy a new unit for only a fraction more. If the furnace is nearing the last quarter of its life, it simply makes more sense to replace it.
If you’re considering getting a new furnace or heating system installed we would love the opportunity to offer you a custom quote for a heating system designed according to your home and personal/family needs.