Ever get that sinking feeling in your stomach when your HVAC system starts to malfunction? If you know anything about HVAC systems, you likely know how expensive it can be to replace the unit. HVAC units have been warming and cooling homes across America for decades. Over the past few years, technological advancements have made them more efficient and environmentally friendly than ever before; however, replacing an HVAC system remains one of the costliest expenses one will make for their home. Because of that, it’s important to consider when repairing or replacing it is in your best interest.
What’s Going On?
To better aid your decision of whether to replace or repair your HVAC, it’s important to look at what is wrong with it. Are there any leaks coming from the pipes? This is fairly common among issues with an HVAC system. Is there a clicking sound before or even during the time your heater or cooler turns on? Have you noticed an uptick in your utility bills lately? These are just a few questions to consider before making a decision.
When to repair
Before making a decision, you should seriously consider consulting an HVAC technician to figure out what will make the most sense for you; however, there are some things to keep in mind that will help you decide to repair your system instead. First, how old is your HVAC? Most experts agree that heating and air systems typically last anywhere from 10 to 15 years.
If your home is relatively new, then a simple repair is likely the cost-effective route to take. Secondly, how often do you have to have your HVAC repaired? Are the damages minimal and relatively simple to fix? If so, you can probably hold out and save up for a replacement later rather than fork over thousands of dollars now.
When to replace
As expensive as a replacement of your HVAC system is, there are certain scenarios where this is the wiser decision in the long run. For instance, constantly having to call a technician to come in and repair your unit is often a tell-tale sign that a replacement is necessary. Secondly, how long do you intend to stay in your home? If you intend to retire there, then a replacement is wise; however, if you’re planning to move soon, a $10,000 replacement on top of moving expenses isn’t in your best financial interest.
Thirdly, how is the environment in your home? Are you experiencing an increase in mold or mildew around the home? A defunct HVAC can increase these harmful bacteria and cause damage to your health over time.
At the end of the day, you need to consult with a professional HVAC technician before deciding what to do. They will likely know which option makes the most sense and, more importantly, which option brings you the most return on your investment.
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