Fix or Nix? | Georgetown
Dollar signs come to mind when something breaks down. You're not in the mood to spend more money; at the same time, the problem isn't going to get better. What are you going to do about the situation? Are you going to repair or replace?
To determine if you are going to fix or nix you must know your appliance or product. Determine how long you owned the appliance or product. Look at the instructions manual to see if the problem can be fixed. The instructions manual don't have the solutions to all problems, so call a professional to get an estimate and research prices on the appliance or product. Be sure to call more than one as they offer varying offers on estimates. Compare the prices of the professionals to the current price of the appliance or product. Attach the length of time you owned the product and the warranty to get a conclusive answer.
If you choose home repair, the product or appliance is usually in fair or good condition. Common problems are found in the instructions handbook and are easy to fix. If it's not in the manual, the cost to repair is more affordable than buying a new one. Most repairs are minor and include labor and parts. Whether the warranty will cover the repair or not is a tossup. It has to fall within the warranty dates and fulfill requirements. Another reason why you choose repair is sentimental value; a unique family heirloom or a retro item that's irreplaceable will drive you to go with a repair to keep it around longer.
Replacing the product may be the answer for you. You used the product for a long time and got plenty of use out of it. Something major happened (shut down, wiped clean etc) and now it played out. A warranty will cover something like this, but it must be between 30 days and a year (depending on what it says). A professional is willing to fix it for you, but there are no guarantees. Between parts and labor, the cost of repair is too much to keep. The cost of a new one is more attractive in price than repair. The rule of thumb is to buy a new one if the cost to repair is more than half of the cost of buying new.
For information on home renovations and repair, contact us.