How To Get More Bang for Your Buck on Your Major Home Appliances

skynesher / Getty Images
skynesher / Getty Images

Major home appliances can easily set you back thousands of dollars. Yet they’re so very essential. To help make them last so you can get the best bang for your buck, let’s examine some overall expert tips you should consider during the shopping process.

More for You: Unplug These Appliances That Hike Up Your Electricity Bill
Learn: How To Build Your Savings From Scratch

First up, you should always look to buy appliances that rate strongly in quality and durability. You should also opt for the warranty.

“The best way to get more bang for your buck on major home appliances is to invest in quality products that are built to last,” said Pavel Khaykin, the founder of Pavel Buys Houses. “This means doing your research and looking for appliances that are energy efficient and have a good warranty.”

Another factor to consider applies to when you are shopping for a new appliance: the age of the unit.

“In some cases, it is possible to purchase a nearly new appliance for a fraction of the price of a brand-new one,” said Kerry Sherin, consumer advocate at Ownerly. “This is because most major appliance companies regularly refurbish and resell older units. It is a good idea to check the warranty length that comes with each appliance model you are considering. This will help you gauge the likelihood of repairs or replacements down the road.”

Also bear in mind that if you are purchasing a new major appliance, you should look into how long a particular model typically lasts.

“When considering purchasing a major appliance, it is always good to see if it is an extended warranty model,” Sherin said. “The consumer protection offered by these terms can be a major factor in making an educated decision about the quality and longevity of a new appliance.”

Now let’s look at some major appliances, how much they cost on average and how you can maximize your ROI on these machines. Also see five kitchen appliances that are not worth the cost.

Refrigerator

Average cost: $500 to $12,000

According to East Coast Appliance, the cost of a refrigerator can run you between $500 and $12,000 — quite a range. A fridge could last 20 years, according to Howard’s. To ensure your refrigerator lasts as long as it possibly can, consider the following advice.

“To extend the age and lower the cost of refrigerators, you want to keep certain areas clean,” said Mats Claes, founder of Top Keuken Tips, a Dutch media company that offers kitchen-related tips and advice. “More specifically, by cleaning the coils every once in a while, you avoid dust buildup making the refrigerator motor work harder, which increases energy usage and reduces lifespan. Additionally, if your refrigerator has a freezer section too, keeping this clear of ice has a similar effect.”