Furnace Service or Furnace Replacement: What to Consider09/11/2015Cooler weather is becoming more and more of a possibility in Excelsior Springs, which means one thing: it’s time to set up your furnace service. However, it’s realistic that it may not be that straightforward if your system is beginning to get up there in age and has been causing difficulties over the last few years. Furnace replacement is an investment in your home, like nearly all other home improvement projects are. So how do you know if you should spring for that new furnace now or just get your annual furnace service handled? At Colvin's Inc, we know that it can be a hard decision to make, so here are a few things to keep in mind if you’re unsure which route to choose. 1. Furnace Age This is more than likely the biggest factor in to your decision, as furnace technology has improved quite a few things, from energy efficiency to the amount of noise it puts out. If your equipment is more than 12 years old, it may not make sense to put a lot of money in to repairs when you could be putting that money towards a new system. However, the average 12-15 year lifecycle of a furnace doesn’t mean it can’t work well beyond that. If furnace service has been scheduled regularly and it has been well maintained, you may be able to go beyond that 12-15 year average. 2. Cost of replacing vs. servicing/repairing There are always unknowns when it comes to identifying the cost of replacing versus having furnace service and repairs done, but there are a few things to keep in mind when comparing the two. Furnace service Get multiple estimates to make certain you’re getting the best deal. Keep track of when your warranty expires and note what it covers so you’re always saving as much as possible. Furnace replacement Furnace size will be figured out by the size of your home. Cost will fluctuate depending on the level of energy efficiency you’re wanting. The higher the AFUE rating, the greater the chance for energy savings. After you determine the costs of both routes, keep this helpful tip in mind: if your furnace service and repair is going to cost 1/3 or more of the cost of a new furnace and your system is between 12-15 years old, furnace replacement may be the better long-term solution. Of course, these are only a small number of the variables, but the pros at Colvin's Inc are more than happy to help you determine which furnace is right when replacement becomes imminent. Give us a call at 816-630-2702 or set up an appointment through our online scheduler to find out what makes sense for both you and your budget.