Learn if you'll stand to save more by repairing or replacing a broken refrigerator
It's usually worth it to repair a refrigerator when the cost for repairs is less than half the replacement cost.
Trying to repair a refrigerator that's older than five to six years may not be worth it.
While DIY refrigerator repair is highly discouraged due to the risks involved, there are some troubleshooting and maintenance steps you can take to see if you're dealing with a minor issue.
What's the rule when it comes to whether you should repair or replace a refrigerator when something breaks? Like all home projects, appliance management requires a careful analysis to ensure that you're looking at both the immediate and long-term costs of both options. Generally, that means following the 50% rule that states that it's better to go with a replacement if your repairs will total 50% of the item's replacement cost. Keep reading to discover if you should repair or replace your refrigerator to save money.
Refrigerator repairs can be complicated and hazardous to one's health. If you don't have prior experience with this project, contact a local pro to ensure the job is completed safely.
Yes, repairing a refrigerator with help from a licensed repair technician can be worth it in many situations. While repair costs aren't always worth it for smaller appliances, a major home appliance like your fridge is often worth fixing instead of tossing. Determining when to hold on to a refrigerator versus when to start fresh can be tricky. Here's a glance at some factors to consider.
| Repair | Replace |
|---|---|
| The issue is cosmetic or surface. | There's a recall notice that may help to get the cost of a new refrigerator covered. |
| Your fridge's parts are still under warranty. | Parts warranties have expired. |
| The fridge is less than five years old. | The fridge is older than five years old. |
| While the repair costs just $100 to $1,500, the replacement cost is $3,000 or more. | A single part that needs to be replaced is roughly half the cost of the appliance. |
| The issue appears to be a clog, loose valve, or some other minor problem that can be fixed without pulling out a major part. | While the repair charge will be $1,500 to $2,500, a replacement refrigerator costs around $3,000. |
Refrigerator life span varies widely by brand, model, and household wear and tear. Many refrigerators can run for 20 years when you follow essential fridge maintenance tips. However, the average refrigerator life span is eight to 10 years.
The average refrigerator repair cost is between $200 and $330. That cost generally includes the $40 to $120 per hour charged for labor with any replacement parts added on top. Meanwhile, new refrigerators can cost between $400 for utility fridges and close to $10,000 for high-end models. When buying a more expensive refrigerator, purchasing an extended warranty can be a way to ensure that you'll be able to utilize covered repairs in the future instead of buying a new refrigerator if something goes wrong.
Depending on what's gone wrong with your refrigerator, repairing it may save you money compared to purchasing a new one.
If you're unhappy with your refrigerator because it has some scratches and dings, it's not worth tossing an appliance like this out for cosmetic purposes. Some scratches and gashes can actually be sanded out. A refrigerator tech may be able to recommend the right grit for the job based on manufacturer specifications.
If you have a newer refrigerator model that's still under warranty, you may be able to get major repairs done at the expense of the manufacturer. You might not be out of luck even if your warranty has expired. If a part fails on your refrigerator, also check for manufacturer recalls to see if you could be reimbursed due to a part or mechanism that has been proven faulty.
With the average refrigerator sold today lasting around 12 years, tossing your refrigerator while it hasn't yet reached half of its anticipated average life can feel wasteful. While there's not always a guarantee that a refrigerator can be saved just because it's new, having the issue checked out by a repair technician can at least give you peace of mind over the fact that you tried to get more life out of your appliance.
If the quote you get for refrigerator repair is less than half the replacement cost, fixing the appliance instead of paying for a new one is recommended. That means that paying $600 to save a refrigerator that would cost $1,200 or more to fix is considered a smart investment. Common refrigerator problems, such as loose hoses and dirty evaporator coils, can cost as little as $100 to repair.
As an appliance that requires water, electricity, and refrigerant to work, a refrigerator isn't an appliance that's ideal for DIY fixes. Here's a checklist of easy troubleshooting steps you can take for refrigerator repair:
Check the seals around the refrigerator doors to see if a poor or damaged seal could be allowing air to leak. You may be able to follow some basic steps for how to fix the seal on a refrigerator if the problem is small.
Confirm that the temperature dial is at the right setting.
Confirm that the refrigerator is plugged into a working power source.
Check condenser coils for dust and debris. If they appear clogged, use a vacuum to clean them out to see if that improves performance.
Check if the evaporator fan motor is clogged with dust and debris.
There are some instances when replacing a broken refrigerator is the more cost-effective choice compared to attempting a repair. The truth is that the answer to whether you should repair or replace a refrigerator isn't always clear. These categories will help you do a cost analysis to see which option better suits your budget.
If a major component on your refrigerator stops working while the appliance is still relatively "young" even though the warranty has expired, spend a few minutes online checking to see if there have been any recalls for the model. While some recalls only involve reimbursements for specific parts, others will compensate you for the cost of a replacement.
If your appliance is at the halfway point or more of its expected life span when it starts showing signs a refrigerator is dying, consider if putting money into a repair is worth it for you. You might be better off putting the money toward a new, highly-rated model instead of sinking it into a refrigerator that may have repeat issues down the road.
If an older refrigerator needs a part that costs roughly half its replacement cost, common sense says that you're better off putting that sizable investment towards a new refrigerator. By the time you cover the cost of parts and labor, it's not uncommon to pay up to $1,500 in repairs for an appliance that would cost $3,000 to replace.
Your refrigerator is one of the most complicated appliances in your home! While we don't think of our refrigerator as being dangerous, the truth is that no appliance in your home has the power to make your household as ill as your refrigerator. When a refrigerator is even a few degrees off from the ideal refrigerator temperature, the risks for spoilage and food poisoning are high. That's why you'll want to look for professional fridge repair near me to ensure that all work is being done by a qualified expert.
This problem is almost always caused by an issue with a refrigerator's built-in ice machine. In order to stop the leak, cut off your refrigerator's water supply. This can be done using a shut-off valve located under your kitchen sink. Some shutoff valves are located in basements. While this will stop the leak at the moment, you'll still need to get the problem repaired to prevent more leaking when you turn the valve back on.
If you've noticed your fridge constantly running, this is a major problem because it means that the appliance is hogging energy. Fortunately, the cause is usually just a dirty condenser coil. As they let out heat, condenser coils attract dust and pet dander from your home. In most cases, you can use a vacuum to clean your condenser coil. If that doesn't solve the problem of your refrigerator constantly running, call a repair expert to get a quote for ice maker repair cost.
