Here are a couple of things you should consider while making that decision.
Inspect it to Assess the Damage
Your first order of business should always be inspecting the furnace. That’s going to help you determine whether it’s got extensive damage. If it does, it’s probably a better idea to replace the unit.
A lot of furnace issues don’t stem from serious damage, though. When your furnace isn’t too damaged, you can usually repair it.
Replacing a broken heat exchanger is pretty straightforward. So, it doesn’t cost much, and it won’t take long.
Replacing a damaged furnace is a good idea. You could always try to repair it, but it may break again.
After a furnace breaks down once, it doesn’t take long for it to happen again most of the time.
Compare Price Estimates
You can look at estimates of a new furnace cost. Just speak to a representative at a local shop. They’ll be able to tell you how much it could cost to replace the furnace.
Plus, they might even be able to help you figure out how much repairs would be.
If they’re able to help you with both, you can do a price comparison. Comparing the difference between both of them would make your decision a lot easier. If it costs as much to repair it as it does to replace it, then your choice is obvious.
Some Repairs Are Inexpensive
Not all repairs cost a ton of money. You might just need a new filter. Replacing the filer is actually something you can do on your own.
Take a look at your furnace’s filter to learn what’s the correct size. You’ve got to match sizes when you’re replacing them. Otherwise, they’re not going to work as they should.
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You can browse an entire collection of filters at most home improvement stores. They’ve usually got them in all different sizes. So, you can find one to match yours fairly easily.
Grab one that’s the right size and take it home with one. Replace the old one and see if your furnace works any better.
A New Furnace Could Lower Your Utility Bill
Most of the time, you can lower your utility bill by replacing the furnace. Older units usually only have one stage of heating. That leads to cold spots throughout the home.
Short cycling isn’t good for the furnace or your energy bill. Replacing it with a modulating furnace could help solve the problem. These work on a continuous spectrum, kinda like a CVT transmission.
Putting one of them in your home will get rid of cold spots. Plus, you won’t have to deal with short cycling anymore.
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Do You Have a Warranty?
When was the last time you replaced the furnace? If it wasn’t that long ago, you might have a warranty on it still. Call the manufacturer to speak with a customer service rep about your warranty.
As long as it’s under warranty, you can get them to send you a new one without any charge. Replacing it that way would be way less expensive than buying something brand new.
Most warranties only last for a couple of years. If it’s been longer than 5 years since your replacement, it may not be under warranty. You’d have to buy something if that’s the case. Otherwise, your only option would be to repair any damage affecting yours now.
other related articles of interest:
The Biggest Problem With Furnace Cleaning and How You Can Fix it!
Deciding Whether to Repair or Replace Your Furnace
The easiest way to make this decision is by comparing your options. Get someone to inspect the existing unit to figure out the extent of any damage.
Once they’ve figured that out, you can ask them for an estimate. They should be able to tell you how much it would cost to repair the furnace. Then, ask them for a quote on a replacement.
When the price difference isn’t much, you should opt for a replacement. It’s got much better long-term value for your home.
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