As a homeowner, you often face the task of hiring professionals to perform repairs and upgrades on various aspects of your house. For instance, you may have to hire someone to come in and repair or replace your roof. At no point does a homeowner look forward to the expense involved with repairs, upgrades or replacements, but it is a part of home ownership that every buyer must eventually face.
As such, there may come a time when you need to install a new furnace in your home. Perhaps the existing furnace is too old and outdated to run properly. However, if you have never had to deal with furnace replacement before, it can seem like a daunting task. A buying guide can help you ensure the process goes as smoothly as possible.
The Cost of a Furnace
First, you will want to know how much it will cost to have a new furnace installed in your home. You might even wonder if it is better to choose repair over the purchase of a new furnace. Furnace repair costs an average of $267, which is certainly cheaper than replacing it.
A new furnace can cost $2,250 to $3,800 or more depending on the type of unit you select for your home. Labor costs can add an additional $1,000 for an 8-hour job. Although you can save money with repair over replacement, you might save money by purchasing a new furnace.
An old, outdated furnace might not offer you the efficiency you need, which can cause your heating bills to spike throughout the winter. Also, an older unit might break down more often, which means you would continue to incur the expense of ongoing repairs.
Choose the Right Size and Efficiency
When choosing a furnace, it needs to be the right size and efficiency to help you save money. A furnace that is too small will not heat your home properly. The overworked unit will result in high heating bills and will eventually cause it to wear out. You also do not want to choose a unit that is too large.
Your best bet is to have a professional come in and inspect your home. An expert can determine the right BTU rating for the furnace that would best suit your home. When you talk to the furnace professional, you can also discuss energy efficiency ratings so you can settle on a unit that will help save you money on your heating bill.
If you would like to learn more about furnace replacement, contact a professional near you.