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When one of your home appliances stops working, you either get it repaired or replace it with a new one. But how does a person determine whether an appliance needs to be repaired or replaced? This is a confusion many homeowners go through every time any of the appliances show signs of damage. There are certain considerations that you need to make before you make your final decision. These considerations depend on a number of reasons given below. 
Age of the Appliance
Every appliance has a lifespan and that is the number one consideration you should make before getting it fixed or replaced. If you have a microwave for the last 10 years ten consider changing it with a new one. There is an average age limit for appliances and once they pass that milestone, they are likely to start creating problems. If so, make sure you buy a new appliance and avoid wasting money on repair when the appliance is likely to stop working again. 
Price of Repair VS Price of Replacement
If you cannot afford to spend a lot of money, make sure you replace your appliance. Getting an appliance repaired usually costs more than the appliance’s actual cost. That’s why homeowners should think smartly and only get the appliance repaired if it makes sense to do so. 
Does the Appliance Carry Warranty?
One of the biggest mistakes homeowners make is that they neglect the power of warranty. If your appliance is under warranty, go with the repair option. Warranty is very beneficial because it cuts a lot of repair costs. Do not go out to buy a new appliance immediately. Warranty will save you from spending thousands of dollars on a new appliance.
When is the Right Time to Repair or Replace?
There are certain signs that your appliances give away before they are about to break or stop working. These signs determine whether your appliance needs a repair or a replacement. 
Need A Repair!

If there are minor problems with your appliance, consider getting it repaired.
If your appliance is under warranty, make sure you use it and get it repaired from the manufacturer.
If your appliance is unique and does not have a replacement option, go for a repair.

Need A Replacement!

If the repairing costs of an appliance exceed your budget and you think it’s too much, go for a new appliance.
If your appliance is very old and keeps getting damaged then you need to replace it immediately.
If your appliance does not have a warranty and you cannot spend a lot of money on repairs then best option is to replace it.
If your appliance is old and an obsolete technology, consider replacing it with a new technology.

To avoid spending thousands of dollars on repairs and replacements, make sure you keep your appliances checked. Avoid misusing any appliance and if you are doubtful about the appliance, contact your manufacturer and learn to use the appliance the right way. 

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