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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 an appliance is often less expensive than buying a new appliance. But if your appliance is heavily dented, refinishing it won’t cover that damage. Also, for old appliances that aren’t in good working order, a coat of paint won’t help. It’s a safer long-term solution to replace old, faulty appliances

You might also consider refinishing your appliances if you want to achieve fun colors. For example, you might not be able to find a cobalt-blue refrigerator for the funky, retro kitchen of your dreams, but refinishing the fridge can help you achieve that aesthetic.

One of the easiest ways to make dull oven racks shiny is to soak them overnight in hot water and dishwasher detergent. After leaving them for at least 12 hours, use a scrub brush or sponge to remove the stains. For best results, repeat the cleaning process every few months to keep your oven racks bright and shiny.

Refinishing gives appliances a refreshed look, extends their lifespan, and is more cost-effective than new purchases. It also allows personalization to match the decor.