When buying a new furnace for your home, you might notice that there are a huge number to choose from, in a wide variety of prices. It can be difficult to determine what exactly dictates the prices of a furnace and its installation, even if you have paid for furnace replacement before. Here are the most important factors that affect the price of a furnace replacement:
1. The brand of the unit
Obviously, just as with about every other consumer good, some brands of furnaces are going to be more expensive than other brands of furnaces. Some of this many translate to quality, but there are some brands that simply price their units higher than other brands.
The higher the price of the unit you are replacing your old furnace with, the higher the price of the entire replacement is going to be.
It is less important to focus on brand than on the quality of the unit and its features, to make sure that you are investing in a furnace that will fit the needs of your home and will cause you minimal problems over the life of tat unit.
2. The size of the unit
Larger units will cost more than smaller units. Larger units will usually be necessary for larger houses, too. Trying to circumvent the cost of a furnace replacement by buying a smaller unit than your house needs will eventually land you in hot water (not literally).
A unit that is too small for your house will need to be run longer and a higher temperature than a unit that is properly sized for your home. This will lead to more wear and tear on your unit, ensuring that it needs more frequent repairs and will need to be replaced much sooner than a normal unit would need to be replaced.
3. The features of the unit
There are a range of different features you can find on furnaces today, ranging from variable speed blowers, which help to keep your rooms at a consistent temperature, to quiet combustion technology. Which features you choose are entirely up to you.
Keep in mind, however, that the more features a unit has, the more expensive it is going to be. Units with lots of efficiency and space-saving features will usually pay for themselves in the long run, but do have a much higher investment cost.
4. How efficient the unit is
Units that are designed to be more efficient are usually going to come at a higher initial cost. As with a unit that has lots of high-tech features, however, a more efficient unit will probably pay for itself and actually save you money in the long run.
Whether it warms your rooms faster, saves you power, or simply needs fewer repairs, a more efficient unit will be much, much better at saving you money. While some might sacrifice efficiency for a lower cost unit, a more efficient unit is less likely to need repairs and will cost you less to run over the years.
5. The cost of installation
The price of installing that new furnace in your home is going to be one of the biggest factors in the overall price of furnace replacement. Don’t skimp on the quality of your installation! How well the furnace is installed in your home will affect how efficient it is, how well it runs, and how often it needs maintenance.
