How Long Does That Last: Home Edition
Most home buyers purchase a property intending to live there for awhile. Ideally, the accessories that keep life in our homes running smoothly will last, too. But nothing lasts forever, and the major systems and appliances we use every day (and sometimes take for granted) – will eventually wear out.
Read on for a guide to how long you can expect most of the systems in your home to last, and what you can expect to pay for replacement.
Microwave. This small appliance sees a lot of use in most homes, and not surprisingly it’s one of the first to go. A quality microwave will last 9 years on average, and a professional model will run in the $300 neighborhood, depending on functions, features, mounting and whether your kitchen features a built-in microwave/ventilation system.
Dishwasher. Washing dishes by hand is so 1965! Chances are good you could work a kitchen sponge and a bottle of dish soap every day if you had to, but busy lives demand conveniences like dishwashers. You can expect yours to last about 9 years and cost $568 on average to replace.
Electrical. Internal wiring, lighting, outlets – these things are easy to ignore, but over the course of 10 years on average, the electrical system in your home will begin to show its age. Average upgrade/replacement cost around that time is between $1300-1400.
Garage Door Opener. Your garage door itself may require minor repairs from time to time, but the garage door opener should last 10-15 years. At that point, replacement costs $319 on average.
Toilet. Your loo should provide excellent service for about 10 years, at which point you’ll shell out $350 bucks or so for a new model.
Water Heater. A traditional tank system water heater will wear out after 10-15 years. A new one will set you back close to $900. Tankless water heaters cost $1500 + on average and last about 20 years, but with 30% of a home’s energy bills spent warming the water in your traditional tank system, the initial investment may pay off over time.
Garbage Disposal. With normal use, your garbage disposal will last about 12 years. A replacement costs $400. These tips will help you keep your disposal ship shape for as long as possible.
Oven. The heart of your kitchen, you can expect your oven to bake your cookies, cakes, lasagnas and meat loaf to perfection for 13-15 years. Average replacement cost is $1000, but if you have caviar and champagne tastes, you can certainly spend more.
Washer & Dryer. A new set will last 10-13 years. Replacement for a pair, top or front load washer, averages $1000.
Fridge. There are several simple ways to extend the life of your refrigerator. Without extenuating measures, the average fridge will last 13 years. Replacement cost is $1500.
Air Conditioner. 10-15 years is a typical lifespan for an air conditioning unit; replacing this system will cost between $5,000-5,500. If your central air goes out and your are short of funds, consider these alternatives.
Furnace. Surprisingly, the average furnace lasts longer and costs significantly less to replace than the air conditioning system. Modern furnaces live 15-20 years and replacing this system will cost an average of $3880.
Roof. The average roof will last 20-30 years, a figure largely impacted by the region in which you live, which determines factors like weather and pests. Replacement costs hover around an average of $6,600 and change nationally. If you live in an area known for termites or challenging weather, periodic inspections by a qualified roofing pro can help you head off costlier issues at the pass.
Pipes. The record for system in your home most likely to outlive all the rest is, of course, pipes. With an impressive lifespan of 75-100 years, the pipes in the floor, ceilings and walls of your home will likely last a very long time – especially if your home was constructed in the last 10-20 years. Replacement cost averages $1,193 nationally.
Whether you are wondering which items to service or repair in advance of selling your home, considering investing in upgrades or you need a qualified professional in your neck of the woods, drop me a line. I’m here to advise in any way I can, and with many years in Denver real estate, chances are I know someone in the right line of work to assist on your next home project.
The Meyers Group