Most small appliances like microwaves, blenders and toasters should last around 10 years or more. So if you're within that timeframe, consider fixing instead of replacing it. It is a balancing act though. If you've spent $10 on a toaster, replacing it will probably be more cost-effective than hiring someone to repair it.
Always check the warranty before you call a repairman. There's a chance the problem is covered under the warranty, meaning you don't have to pay anything to get the appliance fixed. Be careful, though. Some manufacturers will want to take the appliance away to fix it rather than at your house. Make sure to discuss it with them before they haul it out of your house.
Gas versus Electric
Whether or not the appliance is gas or electric will also affect your bottom line cost. Gas appliances like water heaters, stoves, fireplaces and even refrigerators are more expensive to fix. Repairing gas appliances carries a bit more risk because if they are not done properly, you could have issues with carbon monoxide or fire. Electric appliances cost more to run, but fixing them is more upfront usually than with gas appliances.
If your appliance is easy to reach, it will normally be a less expensive fix than if it is hard to reach. Also if the wiring is easy to find and get to, it will normally be less of a labor cost.
Depending on the age and type of appliance, finding parts may be a task. Parts for rarer appliances, like gas refrigerators, might be more difficult to find and expensive to purchase. Talk to your technician about possibly using used appliance parts to save money. In many instances, this option is just as good as purchasing new.
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