How Long Do Appliances Last?

By Avery Mills | Jul 19, 2018 6:00:00 AM

How Long Do Appliances Last?While you can’t predict everything, knowing about how long you need to wait before replacing your appliances can help you plan your long term budget. This can also help you decide if it’s better to have the item repaired or replaced entirely. Additionally, when building a home, you can use this as guide to see what will help you save more money in the long-term.

According to a National Association of Home Builders study, you can expect your household appliances to last about the following amount of time:

Dishwasher – 9 Years

Refrigerator – 13 Years

Electric Range 13 Years

Gas Range 15 Years

Garbage Disposal 12 Years

Washing Machine – 10 Years

Dryer 13 Years

Central Air Conditioner – 15 Years

Electric Water Heater 11 Years

Gas Water Heater 10 Years

Tankless Water Heater 20+ Years

Electric Boiler – 13 Years

Gas Boiler – 21 Years

Thermostat – 35 Years

It’s important to remember that these numbers are just estimates. Depending on how you treat and care for your appliance, it may differ from the average.

If you need to do some fixing up around the house, a home equity line of credit is a great option. Similar to a credit card, you borrow money as you need it, using the equity in your home. These loans usually feature lower variable interest rates compared to traditional loans. If you are interested in learning more about HELOCs, check out our website or contact a home loan advisor at 801-260-7600 ext. 5340.

Topics: home checklist, home repair, HELOC, Home

Author: Avery Mills