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Considering ovens can last 15 years (and sometimes more), it is likely a better idea to repair a 10-year-old oven, assuming the repair won’t cost more than 50% of the oven’s value. So, for instance, if your oven is worth $1,200 and the repair is only $400, it’s a better option to complete the repair.

With a gas stove, it’s easy to adjust the heat and flame size, which gives you more control and speeds up cooking times. Preheating and boiling water are also quicker with a gas stove versus an electric stove. However, gas stoves have drawbacks as well, including the fact that they release toxic fumes when in use. Plus, they’re more expensive and harder to clean than electric stoves.

While frequent or costly repairs may make you think about replacing your appliance, other signs to replace an appliance include unusual noises and high utility bills. But also keep an eye (and nose) out for more dangerous signs, such as a sparking microwave, a smoking oven, or a leaking fridge. Appliances that spark, smoke, smell foul or burnt, or are leaking may mean that there are broken parts, and this brings higher risk of fire, shock, and water damage.

Natural gas and electricity rates vary significantly based on location, and pricing can change over time, too. It’s possible that in locations where natural gas is particularly inexpensive, it will cost less than grid-based electricity will. However, you should also factor in the generator’s initial costs and maintenance needs, as well as its noise level and if it can comfortably power all your home appliances.