So, you’re tired of repairing your furnace that’s been in the house ever since you signed the papers. It’s old, it’s louder than a marching band, and you feel you’re putting more money into it than the benefits you’re getting out. Well replacing your furnace might be easier, and more cost effective than you think. There are countless benefits that come with replacing your heating system. While having a quieter system would be reason enough, you’ll also save yourself the hassle and costs of constant repairs. The price of installing a new furnace is typically between $1,000 to $4,000. If you’ve had the same heating system in your home for 15-20 years, dishing out $700-$800 to fix it seems ridiculous when a new system will serve you for the same lifetime, if not longer.
Comfortable Living
Sometimes it’s better to update than to invest in something you’ll need to replace in the long run. After considering whether the cost of replacing will outweigh the cost of repair, there are many more reasons that a new heating system will work for you. With a new and improved heating system, you will improve the airflow throughout the home, and the temperature of the home would be more consistent. A newer system will operate with more functionality as technology has grown exponentially. This means when you want your living room at 62 degrees on those hot summer days in August, it’ll stay 62 degrees.
Resale Value
This is not only a benefit for your own personal comfort, but having an updated system will increase the resale value of your home if you plan to sell. This investment could save you money for future repairs, and even make you money in the long run. A prospective homeowner will feel much more reassured buying a house that contains newer systems and appliances. They can worry much less about overhead of repairs that may tag along with the house or projects that they’ll have to spend extra time on top of other projects they already has planned for the house their moving into. Resale is not something you necessarily need to be thinking about every day, but putting some thought into it will only better prepare you for later.
Energy Expenditure
With technology advancing and drastic changes in the weather, energy plays a large role in this endeavor as well. It’s estimated that over half of the energy used in your home is going toward heating and cooling. When it comes to comparing older systems to new and improved ones, there’s a relatively large gap in the level of efficiency. An older system might operate around 65% AFUE (annual fuel utilization efficiency), while a new system operates over 90%. You could save as much as 33% on your heating and cooling bills with an updated system. Not only are you doing a service to your wallet, but you’re helping the environment as well.
A Clean Slate
Replacing your old system of course would also update the guaranteed life of your new heating system. That old furnace in the basement that served the home for 15 years is ready for a brand-new system to last just as long, if not longer. With a more efficient system in place, the unit doesn’t have to work so hard to maintain the temperature of the home. This leads to fewer repairs and a longer operational life. Depending on the company, you could also have a warranty on your new system from 2-10 years. The higher end your system is, the longer the warranty will be.
Safety First
Although this is the last subject on our list, safety is always first in our mind. With a new replacement furnace comes a renewed peace of mind. As an old furnace gets older, components crack and corrode, leaks begin to pool, and ducts begin to clog. The longer these issues go unnoticed and unresolved, the more risk gets accumulated of a carbon monoxide emergency or a gas leak that is ignited by a rogue spark. Faulty electrical components may start that ignition, or ignite any other surrounding material in your home at a moment’s notice. By investing in a replacement furnace, you are guaranteeing new and fresh equipment that greatly reduces the risk of any safety concerns. A repair call will only be able to fix one problem at a time, and those costs can accumulate into much more than the cost of a replacement installation.
With the cold seasons looming, you want to ensure that your home is as prepared as it could possibly be. Worst case scenario, you wake up on a particularly frigid morning, try to increase the heat in your home, and figure out that your furnace is caput. Instead of waiting for that moment to happen and then reacting to it, get a head start by assessing the status of your furnace today. If you have a trusted HVAC or Electrical contractor, many of them will do a cheap assessment for you! It may be time to replace your fussy furnace, and see how much time and money you could save by taking the next step
