Most home owners have a solid grasp of the cost of owning their particular home, from the amount of the monthly mortgage payment, to the average electric or gas bill, to the yearly taxes. The savvy homeowner can also keep an eye on future costs by understanding the normal life expectancy of their household systems and the average cost to replace the equipment. Obviously, these are cost estimates and your results may vary, but if you budget for the replacement of your home’s components down the line, the sting of the expense may be much less painful.
NORMAL LIFE EXPECTANCY AVERAGE COST TO REPLACE
APPLIANCES
- Dishwashers 10 to 15 years $600-$1200
Garbage Disposal 10 to 15 years $275-$375
Washer or Dryer 15 to 25 years $500-$1200
Range or Oven 20 to 25 years $500 – $1500 +
Refrigerator 15 to 20 years $650 – $1200 +
HVAC (Heating & Air Conditioning)
- Air Conditioner 12 to 15 years $3000-$4,000 +
Gas Furnace 20 to 25 years $3,000-$4,000 +
Heat Pump 10 to 12 years $3,000-$3,800 +
ROOFING: (Cost estimates are based on a 1,000 square foot floor plan)
- Composition Shingles 15 to 20 years $2,800 – $3,800 +
Slate Roof 60 to 100 years $25,000 – $30,000
Copper Roofs 25 to 65 years $25,000 – $30,000
Membrane Roofs 15 to 25 years $3,500 – $5,000
WINDOWS
- Vinyl Replacement $500 – $800 each
Custom Windows $800 and Up
*These estimates are based on average costs to replace and are intended as a guideline only.