As a seasoned HVAC professional, I have encountered numerous furnaces in various states of disrepair. One question that frequently arises is, 'When should I replace my furnace?' It's a valid concern, as furnaces are a significant investment and play a crucial role in keeping our homes warm and comfortable. In this article, I will share with you the telltale signs that indicate it's time to upgrade your furnace.
Consider the Cost
When it comes to deciding whether to repair or replace your furnace, cost is a major factor. The first step is to assess the price of your repair bills.If you have an older furnace and your repair costs are adding up to half the price of a new furnace or more, it's probably time to consider a replacement. But how old is too old? Generally, if your furnace is over 10 or 15 years old, and the repair bill is around 10 or 20% of the cost of a new furnace, it's time to start thinking about an upgrade. This is because older furnaces are more prone to breakdowns and require more frequent repairs.
Review Your Repair Bills
To get a better idea of whether it's time to replace your furnace, take a look at your repair bills from the past two years. How many times did you have to call an HVAC contractor for repairs? If it's more than once or twice a year, it may be more cost-effective in the long run to replace your furnace.Comfort and Efficiency
Another factor to consider is how well your current furnace is performing. If you notice that your home isn't as warm and comfortable as it used to be, it may be a sign that your furnace is struggling to keep up.This is especially true for older furnaces, which may not be as efficient as newer models. As a rule of thumb, once a furnace reaches the 10 or 15-year mark, it's time to start considering an upgrade. Not only will a new furnace provide better comfort, but it will also be more energy-efficient, saving you money on your utility bills in the long run.
Repair Bills vs. Replacement Bills
While repair bills may seem like a more affordable option in the short term, they can add up quickly. On the other hand, replacement bills may seem daunting at first, but they are a one-time expense that will save you money in the long run. In some cases, the cost of repairs can be significant, especially if there is a problem with the heat exchanger.This can result in an expensive repair or even a total system replacement. And while some issues may seem minor, such as replacing filters, they can add up over time and end up costing you more than a replacement would have.
Consider Your Time and Convenience
Aside from the financial aspect, it's also essential to consider your time and convenience. If you have an older furnace that requires frequent repairs, you'll have to take time out of your busy schedule to call a technician and wait for them to fix the issue. This can be inconvenient and disruptive to your daily routine. On the other hand, replacing your furnace means you'll only have to deal with one installation process.This allows you to go about your life without having to worry about frequent breakdowns or repairs.