It can be frustrating when your furnace stops working right in the middle of the coldest months of the year. Having heat to keep you warm in the winter is an absolute necessity for most people. This can put homeowners in a bind when their furnace stops working all together. This means that you are in need of either a repair or replacement. Deciding if a repair is too expensive and it makes more sense to replace the unit instead, can be a difficult decision to make. Absolute P&M Services is here to talk about when enough is enough, and a furnace replacement makes more sense than a furnace repair.
When is the Cost to Fix a Furnace Too Expensive?
Maybe you have never thought much about your furnace until you are faced with a furnace that isn’t working any longer. This can put you in a place where you have to decide what makes more sense, to repair your existing furnace or replace it with a new one. When your furnace needs a costly repair and it is getting older, there is definitely such a thing as a repair that is too expensive. Knowing how to determine if it is not worth replacing is the Important thing.
How Furnace Repairs Change Over Time
When your furnace is brand new, you will hopefully not have any repairs to deal with. If you do find that your furnace needs to be repaired, the repairs are either covered under the warranty or they are small and don’t cost much. However, as your furnace gets older and the parts start to wear out, you may find that the repairs are both more expensive and are more frequent as well. This poses a problem for many homeowners. You need to have the information and the tools to help you make the best decision when it comes to repairing or replacing your furnace.
5000 Furnace Rule
There is a simple rule of thumb that you want to follow when it comes to repairing or replacing an older furnace. The formula that helps you know what to do is known as the 5000 rule. You will take the cost of the furnace repair and multiply by however many years old your furnace is. If you have a repair that is $300 and your furnace is 11 years old, you would come up with $3300. You want to make sure the total is below $5,000. If it isn’t, you are probably better off putting that money down on a new furnace than sinking money into an old furnace that will need to be replaced in the next few years anyway.
Furnace & Boiler Heating Maintenance, Repairs, Replacement & More in Santa Fe, Tomball, Sugar Land, Galveston, Austin & Greater Houston, Texas
If your furnace is malfunctioning and you aren’t sure what to do, you can turn to the pros at Absolute P&M Services to help you figure out what is wrong and the best course of action moving forward. We will diagnose the problem quickly so that you can live comfortably during the winter months. Call us today!