Battle Of The Cost: Repair VS Replace My Refrigerator
Repair or replace refrigerator – cost is the main factor when determining which is right for your situation. If your old refrigerator or freezer stop working or isn’t doing the job that it used to, then I’m sure this question is haunting you. Before you head over to an appliance store, determine whether it would actually cost less to just repair it! Older machines were built better and last longer, don’t get rid of them unless you have to. Here are some key things to check before you panic, as well as, a few circumstances to consider when making another investment into your home.
How to Decide When to Repair a Refrigerator or Freezer
Before giving up on your refrigerator or freezer, check and make sure that it is properly plugged in or wasn’t accidentally disconnected. Check your fuse box to make sure you didn’t blow a fuse. Also, check your surge protector and make sure it wasn’t flicked off.
Check your warranty to see if the company you bought it from such as Maytag, GE, or LG will cover the labor and parts. Most warranty programs offer one or two years of coverage. If your warranty is already expired try calling the service hotline and see if they may honor an extended warranty for you under special circumstances; most programs have decent customer service and are willing to try and help you.
Check the fridge or freezer’s life cycle to determine if yours has prematurely malfunctioned. Refrigerators are generally supposed to last 13 years, while freezers tend to last up to 11 years. If you have had that appliance for a similar number of years, then it may be time to replace it.
You can also determine whether to repair or replace by following the 50% Rule. If your refrigerator/freezer is at more than half of its typical lifespan, and if the repair costs are more than 50% of buying a new one, then it’s time to replace.
- For example, if your freezer in your garage is six years old and costs $400 to be replaced, then a repair should only cost $200 or less in order to be considered worth the time and money. However, some families have also found benefits of investing more in repair costs to keep their “fridge running” for a few more years.
You can look online through blogs and YouTube to see if there are any quick and simple DIY repairs for your refrigerator, but you may risk losing more money by misdiagnosing the issue, breaking parts, or even harming yourself. It is strongly advised to contact a professional if decide, or need help deciding, if you should repair your refrigerator/freezer.
What To Consider Before You Replace Your Refrigerator & Freezer
If your final decision is to replace your refrigerator or fridge, then look into these considerations prior to swiping that card at the appliance store.
When you begin to search for a fridge or freezer, ask questions about delivery and installation; there may be an extra cost that salesmen do not put on the final price tag.
If you are planning on buying a refrigerator and freezer combo, do not invest in what’s trending; invest in the appliance that will fit your specific needs. For example, if you need a freezer with a lot of room, then investing in a 2-in-1 refrigerator may not be the best option.
Lastly, make sure that any appliance you buy is going to fit neatly in your home – you wouldn’t want something as large as a fridge not fitting in your kitchen. Measure twice, it will save you time and money. Whether you choose to repair your fridge/freezer or invest in a replacement, make sure that you go through every necessary step to ensure you get the best bang for your buck.