Repair Or Replace: What To Do With Your Furnace

If the temperatures are dropping in your area, then chances are, you've either already turned on your furnace or will be turning it on very soon. When you do, it should fire up right away and deliver hot air immediately throughout your house. If it fails to do that, you'll need to either schedule a technician to come out and perform some furnace repairs on your unit or spring for a brand new home furnace installation.

But how do you know what to do? Below are a few questions you can ask yourself to help make the right decision for your house.

How Old Is Your Unit?

Depending on what type of furnace you have for your house, your unit's life expectancy can range anywhere between 16 to 20 years. Once your furnace starts to reach the halfway point of that, you'll notice that your repairs become more frequent and more costly, not only in terms of the actual repair bills but also lost energy savings. In this situation, it may be more financially advantageous to simply have a new home furnace installed instead of simply calling for constant furnace repairs on your unit, since not only will it save on repair bills but will also come with a warranty that gives you peace of mind.

How Expensive Are Your Repairs?

Of all the things that can go wrong in your house, fixing your home furnace should be relatively inexpensive. That being said, if the bills start to creep up past 50% of the cost of a new home furnace installation, you should strongly consider getting a new one put in. If you don't, you most likely end up piecing a new unit together completely in the form of constant furnace repairs, but your unit will never run as efficiently as a brand new one.

Do You Want to Upgrade?

Like everything else inside your home, furnace technology has come a long way over the last few decades. Newer models are not only more efficient and use less of a footprint inside your home, they can also save tremendously on energy costs. Moreover, if you plan on moving soon and your furnace is old, the inspector will probably flag several issues with your system that need to be taken care of before you can sell your home. For that reason, it's a good idea to go ahead and get a new home furnace installation instead of simply performing a set of furnace repairs so that you can take advantage of it before you have to leave.