The Big Question: Repair or Replace?
It’s a dilemma homeowners face often: should you fix a faulty appliance or buy a new one? The decision can affect your budget, energy consumption, and home convenience.
Use the 50% Rule
If the repair cost is more than 50% of the price of a new appliance, replacement is generally the smarter option.
Factors to Consider
1. Appliance Age
- Fridge: 10–15 years
- Washing machine: 8–12 years
- Microwave: 7–10 years
- Dishwasher: 8–10 years
Older appliances may not be worth fixing if they’re close to or past their lifespan.
2. Energy Efficiency New appliances often come with energy-saving technology. Replacing older, inefficient units can reduce utility bills and carbon footprint.
3. Frequency of Repairs If your appliance breaks down often, investing in a new one might save more money long-term.
4. Safety Concerns Faulty wiring, gas leaks, or overheating parts pose risks and should not be ignored.
When to Repair:
- Appliance is under 5 years old.
- The issue is minor (e.g., a faulty thermostat or broken switch).
- Parts are easily available and affordable.
When to Replace:
- Frequent malfunctions and rising repair costs.
- Outdated model with poor energy efficiency.
- It affects the performance or safety of your home.
