In the last five years I've met only one client that has an appliance replacement schedule. I've always thought "Shoot! It doesn't work any longer, time to get a new one!" According to Consumer Reports, appliances should be replaced. To determine when to make these replacements, the report considers age, typical repair and replacement costs, and improvement to new models.
Two other important considerations include possible increased energy savings by upgrading to energy-star appliances and depreciating the new appliances on your tax returns. Appliances can be depreciated on a 5-year schedule. Talk to your tax adviser for more information.
Below are Consumer Reports guidelines for appliance replacement:
6 years ~ dishwashers, over-the-range microwaves, top freezer refrigerators
7 years ~ clothes dryers and top-load washers
8 years ~ bottom freezer and side-by-side refrigerators, electric and gas ranges, electric wall ovens, front load washers
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment