Dryers and refrigerators last around 13 years. Most major appliances typically last eight to 15 years. This average time frame can help you determine when to replace an appliance, but you can often repair older appliances to make them last longer. Some of your appliances may still be under warranty.
What is the life expectancy of a home appliance?
Dryers and refrigerators last around 13 years. Most major appliances typically last eight to 15 years.
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Is it worth it to fix an appliance?
In general, homeowners must follow the “fifty percent” rule, which simply means that if their appliance lasts more than 50% of its lifespan or the repair of the appliance is going to cost more than 50% of what it would cost to replace it, then replacing the appliance is often the most cost-effective. The 50% rule helps determine if repairing or replacing a broken appliance makes more financial sense.
Is it cheaper to fix a refrigerator or buy a new one?
In general, homeowners must follow the “fifty percent” rule, which simply means that if their appliance lasts more than 50% of its lifespan or the repair of the appliance is going to cost more than 50% of what it would cost to replace it, then replacing the appliance is often the most cost-effective. While it's common to feel the heat emanating from the coils at the back of a refrigerator, it's not normal to feel excessive heat.
Is it worth it to repair an appliance?
Repair costs will change depending on the problem, but you can weigh the cost of the repair with the cost of the replacement. If an appliance has passed more than half its lifespan and the repair costs more than 50% of the price of a new one, you should consider replacing it.
What is the #1 appliance brand?
It's no secret that large appliances can be expensive, and when you spend a lot of money on something you'll use every day for more than a decade, you need to make sure you're getting exactly what you're paying for. This is an investment, not an impulsive purchase.
