There are certain modern conveniences that we all just assume are going to work. Many of us wake up in the morning, put on clean clothes in our warm homes, put our keys in our car’s ignition, turn them and the car starts.
When your furnace, it’s usually unexpected. Should you repair or replace it? The answer to this question depends on a variety of factors that you’ll need to weigh for yourself.
Is your current equipment a safety hazard?
The first and most important question you should ask yourself is whether your current heating equipment is a safety hazard to yourself and your family.
If your gas furnace is a safety hazard and cannot be reasonably repaired to make it safe to use, then you don’t really have a choice. It needs to be replaced.
What is the age of your current equipment?
There are a lot of different factors that affect the lifespan of heating equipment, and every piece of equipment is different. However, in the Portland Metro area we consider 15 years to be the general life expectancy of most heating equipment.
What is the repair history of your current equipment?
Even if your equipment isn’t technically nearing the end of its estimated life, it may already have an extensive history of breakdowns. If you’ve already had to dump a bunch of money in repairs on your current system, it might be time to consider investing in a new one rather than continuing to spend money on an antiquated piece of equipment.
What is the cost of the repair?
This is a big factor in whether to repair or replace your equipment. If the cost is significant, $800 or more, and the system is in the latter half of its expected life, it may be a good idea to replace it rather than investing a significant amount of money in the current one.
You may think that this question should read “can you afford the replacement?” However, most of the time, repair costs are either paid with cash/check or put on a credit card. Typically, the only ways to finance repair costs are to put them on a credit card or a home equity line of credit. New equipment, on the other hand, is usually very easy to finance, as there are many financing programs available.
Could you save money with a higher efficiency heating system?
If you are planning on living in the home for several more years at minimum, then you are more likely to be able to reap the savings that higher efficiency systems generate over time in reduced utility costs. In fact, it may make sense to replace older, inefficient equipment with a new high efficiency system even if the old one is still working! If you get a free estimate from us at A-TEMP Heating & Cooling, we can help you determine the estimated return on investment on different equipment options, helping to shed light on your individual situation.
The bottom line. . .
Every situation is unique. You’ll have to weigh all the factors for yourself and decide what makes the most sense for you and your family. However, you’ll likely need some help from a heating company to get all the information necessary to make an informed decision. We’re here to help! Give us a call and we can help you gather all the information you’ll need.