How to determine an appliance’s age
If your home came equipped with appliances, you might be a little lost when it comes to knowing exactly how old they are. However, you can look up an appliance’s serial number (usually located inside it) online to determine its age; manufacturers use codes within this number to record the production date.
Appliance life spans
No appliance’s life span is set in stone, and your usage and approach to its upkeep directly affect its performance. However, the National Association of Home Builders (NAHB) conducted a study to determine the average life spans of everyday appliances. Use the following information to gauge how long, on average, you can expect certain appliances to last and tips for keeping them in good shape.
Dishwasher: nine years
Microwave: nine years
Washing machine: ten years
Garbage disposal: twelve years
Dryer: thirteen years
Refrigerator: thirteen years
Stove: thirteen years (electric) to fifteen years (gas)
Repair or replace?
If one of your appliances is on the fritz, you can use the 50-50 rule to help you choose between repairing or replacing it—if the appliance is more than 50 percent through its average life span and the repair costs more than 50 percent of the price of a new model, it may be time to replace it.
Your home warranty may help cover a replacement appliance, regardless of how old it is, if it’s covered in your plan and meets the requirements outlined in your contract. Reasons your warranty won’t cover replacing an appliance include improper installation, lack of maintenance, and any preexisting problems or damages before the warranty came into effect.
You can avoid worrying about repairs by replacing older appliances before they break down. There are certain times throughout the year when appliances may cost less. Many retailers have sales over three-day weekends like Memorial Day, Presidents’ Day, and Labor Day, and there are typically discounts in January when some stores offer sales to offset the sluggishness of postholiday spending. You may also find a deal on an older model when manufacturers release newer versions. Popular months to keep in mind for sales include stoves in January, refrigerators in May, and washers, dryers, and dishwashers in September and October.
CREDIT: American Lifestyle
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