Has your boiler broken down? Leaving you to decide whether you should repair or replace it? This can be a tricky decision, as both choices have different implications. A new boiler has higher upfront costs, but may be better for you long term, whereas simply repairing your current boiler can help to keep your costs lower. Choosing the best option depends on a few things, so we have created a handy guide to help you out.
Safety is the priority
Safety is the biggest thing to take into consideration when making this decision. If your boiler is relatively old (especially older than ten years), then it is not going to be as safe as current boilers now are. While the problem with your boiler can be fixed, it may still be prone to future breakdowns or potential gas leaks. In this case, replacing it may be a better option. Although, if your boiler can be safely and thoroughly repaired, then this option will be perfectly fine.
Upgrading your boiler may save you money long term
If you decide to replace your boiler, it will be more energy efficient than your current model. Modern boilers are at least 95% efficient, whereas your old one may only be 50%. Because of this, installing a new boiler may save you money long term, in energy savings.
Is the cost of the repair worth it?
If you have an older boiler, it may be expensive to repair, as spare parts will be harder to find. Before making your decision you should find out how much it will cost to repair your boiler, through online quotes or research. If the cost is high, it may be more sensible to replace your boiler now, as repairs will only get more expensive over time. However, if the cost of the repair is relatively low, this may be the better option. As well as this, if you have a newer boiler, it may still be covered by its warranty/guarantee, which can cover the costs or repairs.
How often does your boiler break down?
If you find yourself stuck in this situation regularly, it may be time to just install a new boiler. If your current boiler is frequently in need of repairs, the costs will add up over time, so it may be cheaper long term to just get it replaced with something newer. As well as this, your new boiler will be much more reliable, so you won't have to worry about the hassle of not having enough hot water or heat.
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