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Since the cost of installing a ceiling fan is $250 for most homeowners, it might be beneficial to replace your existing fan if you are experiencing a significant repair issue, like a broken motor. However, for less expensive repairs, like a fan blade replacement, you’ll likely spend less on the repair than a complete fan replacement. Of course, if you’re looking for an upgrade or a new style fan, replacing it altogether is always an option. 

Generally, a ceiling fan should be mounted at least seven feet from the floor in the center of your room with a wall clearance of around 18 inches. If your ceiling is more than eight feet high, it’s recommended by experts that the ceiling fan be mounted around eight to nine feet from the ground. This helps ensure a better quality of circulated airflow.

Whether you can install a ceiling fan yourself depends on if you're replacing an existing fixture or installing one where no wiring exists. If you are replacing an existing fan, an experienced DIYer may be able to do the job, which can save on labor costs. This work typically doesn’t require a permit, but there’s always a safety risk when dealing with electrical components, so hiring a pro is still a good idea, especially if you aren't handy. Keep in mind you may need a special ladder for high or vaulted ceilings. However, if you are installing a new ceiling fan where there is no current fixture, you must hire a licensed electrician. In most areas, it is required by law that a professional runs new wiring and pulls the necessary permits. Attempting to install wiring yourself can be dangerous and a code violation.

Ceiling fans are very often worth the investment because they improve comfort in your living space and help reduce utility bills. In the late spring and early fall—and even in the summer in some areas—homeowners with ceiling fans can often get away with open windows and fans, which can cut down on cooling bills and also reduce wear and tear on the HVAC system. Over time, ceiling fans can pay for themselves by saving you money on electric bills and air conditioner repair and maintenance.