Many homeowners struggle with if they should repair their equipment or if they should replace it. It is all ways be cheaper to repair, but if the equipment is always breaking down, it might not be the best use of your dollars.
Here is a common rule of thumb to determine what might be the best plan of action:
Cost of Repair multiplied by the age of the equipment versus replacing equipment cost
Example $400 Dollar Repair on a 20 Year Furnace is $8000 compared to a replacement furnace would start half the cost.
With HVAC Equipment’s life span being roughly 15 years, the older the equipment, the less value you would expect to receive the return on your investment. At some point, your equipment will constantly need repairs and start to nickel and dime your pocketbook.
