Fixing Expensive Devices Without Breaking the Bank
We depend on various gadgets for everyday living, such as refrigerators, dishwashers, and washing machines, to save time and energy. These appliances can be quite an investment, but their time-saving and labor-saving benefits are indispensable. The only downside? They age, and at some point, repairs can cost a pretty penny.
Why repairs cost so much
When a device breaks down, the frustration lies in the seemingly large sum required to restore it to its former condition. You may have experienced this yourself when your dishwasher displayed an incomprehensible error code or made an unusual noise. And what you pay can add up significantly: The average cost of repairing a major appliance like a dishwasher or washer dryer is around $175, while some more expensive appliances, such as ovens, can cost up to $500 for repairs.
Understanding the reasons behind these costs
- High cost of spare parts: Manufacturers produce and store replacement parts for a while after a device's introduction. As the parts age, they become harder to find, and prices increase.
- Labor costs: The average hourly rate for appliance repair technicians ranges from $50 to $150. Low-end repair shops charge lower labor costs, so you might end up paying over $300 for parts alone.
- Repair shops charge higher rates for some parts that are commonly replaced, such as small motors or mechanical components, leaving you with limited options of going with a professional repair shop or buying a replacement device.
- However, many modern electronic devices, particularly those with faulty control boards (the mainboard that regulates the device's mechanical components), can be repaired for less than their replacement costs by simply replacing the control board instead of the entire device.
Repair centers and online alternatives
Before diving into professional repair services, try these cost-saving alternatives:
- Online repair platforms: Use websites such as Electronic Restore, Circuit Board Medics, or FixYourBoard.com to browse repair service providers, availability, and pricing. These services typically charge between $70 and $100, so repairs can be much cheaper than hiring a professional.
- DIY repair tips: For simple repairs, you might be able to perform them yourself, such as replacing a water valve in a dishwasher or fixing a lid switch on a washing machine. However, more complex repairs may require professional help for accurate diagnosis and repair.
- Professional repair services: If the device is beyond your repairing capabilities, consider seeking help from a professional repair service like Sears Home Services or a local service provider for a reliable and accurate estimate.
Home warranty plans and extended warranties
Home warranty plans and extended warranties can help reduce repair costs for appliances. Here are some options to consider:
- Old Republic Home Protection: This plan covers most appliances, including dishwashers and washing machines, with coverage limits of $3,500 to $7,000 per appliance. However, it does not cover all plumbing issues or air conditioning systems.
- 2-10 Home Buyers Warranty: This service offers appliance-only plans with service fees that max out at $100. However, it has different coverage limits for different appliances.
- Choice Home Warranty: This plan has rapid response times and 24/7 service availability, covering a range of appliances including washers and dryers. It provides peace of mind with a small monthly fee.
- Lowe's Major Appliance Extended Warranty: This service offers coverage for major appliances, including dishwashers and washing machines, with options for 3-year and 5-year plans. It also offers savings on parts and labor and reimbursement for food loss, among other benefits.
Self-evaluation checklist
- Consider your comfort level with DIY repairs. Apply the following criteria to determine whether you can handle an appliance repair yourself or if you should hire a professional.
- Make sure to diagnose the problem accurately. Misdiagnosis can lead to spending extra money on unnecessary repairs.
- Be aware of the lack of a warranty with DIY repair services. There may be no guarantee if the device breaks down again after the repair.
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By exploring these options, you can potentially reduce the cost of repairing your high-end appliances like dishwashers or washing machines. Always carefully weigh the specific coverage and costs associated with each alternative to make the best decision for your situation.
