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It depends. Use the “50% rule” to help you decide. For example, you should consider replacing the appliance if it is halfway through its lifespan and the repair will cost more than 50% of the price of a new one. Contrary to popular belief, repairing a major appliance is more wallet-friendly than purchasing a new one. While the cost of new home appliances can run as high as $8,000, the average cost to repair them is $170. If the appliance you’re trying to get rid of isn’t too old, consult a local appliance repair expert to see what can be done to restore it.

Refinishing typically takes 1-3 days, allowing for adequate drying times between coatings to ensure a durable finish.

If you have decided that hiring a professional to refinish your floors will be faster and more satisfactory, you can expect to pay between $1,000 and $2,500. To get a better idea of what your hardwood refinishing project will cost with a professional, multiply the project’s square footage by the average price of $4 per square foot.

It’s usually more affordable to repair small appliances than replace them, with the average repair cost of $150 and the average replacement cost around $300. Of course, these prices vary depending on the type of small appliance, the brand, and its age. If you know your appliance is high-quality, it may be best to pay for a repair. However, if your appliance is nearing the end of its useful life anyway, it might be more cost-effective to replace it. A professional appliance tech could help you decide what’s best.