When you are in the middle of the winter months and your furnace stops working like it should, it is enough to send any homeowner into a panic. You need to have heat to keep you warm, at all costs. When it comes to repairing your existing furnace, you may be wondering at what point it makes any sense to repair your furnace and when you would be better off replacing it all together. Air Supply Heating & Air Conditioning is here to talk about furnace repairs and replacement, and at what point you should decide to replace rather than repair.
Can Furnace Repairs Be Too Expensive?
When something goes wrong with your furnace, there are many people that would pay whatever the cost was to get their heat turned back on. Some people might say that there is never a repair that is too high when it comes to furnace failure. However, if you have a furnace that is older, there is certainly such a thing as a furnace repair that is too high. You shouldn’t spend too much time and money fixing an older unit that will probably need to be replaced within the next few years. There are some rules that come into play when it comes to furnace repairs and cost.
What Happens when a Furnace Gets Old?
Right after you have a new furnace installed in your home, you will more than likely not have anything go wrong. If it does, the repairs will probably be very minimal. Hopefully, you have a warranty that would cover any and all repairs that are needed. However, as your furnace gets older and your warranty expires, you may find that repairs on your unit are more expensive because the furnace and its parts are old and worn out. There is a rule of thumb that you should follow to help you determine when you have reached your spending limit for furnace repairs.
The 5000 Furnace Rule
If you have never heard of the 5000 rule, it is something that you should become familiar with. It can help you make the right decision when you are faced with a furnace repair on a unit that is getting older. When something goes wrong on your furnace, you need to multiply the cost of the furnace by the number of years it is old. You may have a $200 repair and your furnace is 10 years old; that would equal $2,000 to repair it. You want that number to be below $5,000. If it isn’t, then you would be better off putting that money toward a down payment for your unit.
Central Forced Air Furnace Heating Diagnosis, Repair, Replacement, Maintenance & More in Summerlin, North LV, Henderson, Centennial, Enterprise, Lone Mountain Village, Paradise, Sunrise Manor, Spring Valley, Aliante, Desert Shores, Eldorado, Peccole Ranch, Silverado Ranch, Tuscany Village, Whitney, Winchester & Las Vegas Nevada
If you are experiencing problems with your furnace, you can count on Air Supply Heating & Air Conditioning to help you get your furnace back up and running. If your furnace is old, we can help you make the best decision that fits within your budget. Call us today!