When a refrigerator stops working, homeowners are often faced with a difficult decision: should they repair the appliance or replace it entirely? Several factors determine whether repairing your fridge is a cost-effective solution or if investing in a new one is the better option.

1. Age of the Refrigerator

One of the key factors in deciding whether to repair or replace a refrigerator is its age. Most refrigerators last between 10 and 15 years. If your fridge is less than 10 years old and the repair cost is reasonable, it makes sense to fix it. However, if your fridge is over 12 years old and requires a major repair, replacing it might be more economical in the long run.

2. Cost of Repairs vs. Replacement

As a general rule, if the repair costs exceed 50% of the price of a new refrigerator, replacement is usually the better option. Minor fixes, such as replacing a thermostat or a door seal, are relatively inexpensive, while major repairs, like fixing a broken compressor, can be costly. Consulting with a professional, such as Refrigerator Repair Louisville, can help you determine whether a repair is worthwhile.

3. Energy Efficiency and Performance

Older refrigerators tend to consume more electricity compared to newer energy-efficient models. If your fridge is driving up your energy bills, investing in a modern appliance may be a better financial decision. Energy Star-rated refrigerators use significantly less power, saving you money over time.

If you're unsure whether to repair or replace your fridge, seeking professional advice from Refrigerator Repair Louisville can help you make an informed decision.