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If you’re debating whether it’s worth repairing a damaged appliance, consider a few factors, including the appliance’s age and the cost to replace it. Large, high-value appliances are worth repairing, especially when the fixes are minor and the appliance is only a few years old. However, if the cost of repairs is more than half the price of a new item, then it may be worth replacing it. For example, if your refrigerator repair costs continue increasing and add up to more than 50% of the cost to replace it, you’re better off buying a new one.
Typically, most appliances last anywhere from 10 to 15 years, depending on the appliance, brand, and amount of use. Keeping a regular maintenance schedule, including cleaning and tune-ups, also helps appliances last longer. Dryers, gas stoves, and refrigerators tend to last the longest, averaging about 13 to 15 years. Microwaves and dishwashers tend to last about 10 years on average.
There are a few scenarios when replacing all kitchen appliances simultaneously makes sense, including major renovations, moving into a new home, or purchasing as a set. If you want to refresh your kitchen upon move-in day or start over during a renovation, consider purchasing and replacing your kitchen appliances at once to save on labor costs. Also, if your appliances are all original to the home or are older and require increasing amounts of maintenance and repair, replacing them all at the same time may be a good option.
In most cases, appliance warranties do not transfer to new owners. However, some exceptions apply. To check the status of your appliance warranty and whether you can transfer it when you move, review the terms and conditions of your warranties or consult your home warranty service. When purchasing a new appliance or one from a previous owner, be sure to pay attention to its warranty status, including the type of coverage and any exclusions.
The cost of home appliances ranges from $350 to $8,000 or more, depending on the brand, type of appliance, and features. Additional cost factors include any hookups that need to be installed, such as gas, plumbing, or electrical. Keep in mind that major appliances, such as refrigerators, washers and dryers, and water heaters, will cost more than minor appliances, such as microwaves, due to the size, complexity, and essential nature of the item.
