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To repair or replace?

Tuesday, June 9, 2015 @ 12:36 PM
Posted By: Joseph Giovinazzo

Running out to buy a replacement when something breaks is often our first instinct, but is this always the best choice?

In some case, buying new makes sense. With older appliances, the cost of repairs might be 50% of buying new. In addition, newer models are often more than 40% more efficient than those 10 years old. In this case, it's worth investing in new EnergyStar-rated models. This also applies to air conditioners and furnaces, which have a maximum lifespan of 20 years. Newer models are much more efficient and upgrading will save you money in the long run.

Although new windows can be tempting, if you have an older home and solid wood sashes, investing in weather stripping and refurbishment might be a better call. Wood windows, especially those in century homes, can be renovated and repaired for a fraction of the cost of new and last another 100 years in addition to preserving that authentic charm. Replacement windows can never offer that kind of longevity.

If you have a drafty solid wood exterior door, a weatherproofing kit might set you back $30. A new wood door may cost as much as $1,000! Sometimes ill-fitting doors can be rehung properly, so before spending the money for new, check your options with a trusted contractor.

If your roof is nearing the end of its 15-year lifespan and you lose some shingles in a storm, it might be worth just reroofing entirely. However, with a newer roof, a patch may work just fine. It might show for a while, but a good roofer can ensure a patch is watertight.

Before rushing to replace, research to see when it makes the most sense and save a bit of money too!

Category: Home Improvement

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