Most homeowners are caught unprepared for the big repairs that come with homeownership—and even some of the small ones. My suggestion is to do your homework ahead of time and plan for the inevitable.
When you have your furnace and hot water heater serviced each year, ask the technician about their condition and remaining lifespan, what units they would suggest when it comes time to replace them and the cost associated with the replacement.
The hot water heater and the furnace are two items that none of us can go very long without, and there are many options to choose from. By doing this research you can determine the best replacement option for your home ahead of time to save yourself a great deal of stress—and most likely save money. I have seen many situations where homeowners have been taken advantage of because they were desperate
The replacement of these two items is not always straightforward. For example, if you live in an older house and the furnace or hot water heater have not been replaced in years, you may have the added expense of lining the chimney. In this instance you may decide to spend more money on a direct vent, high efficiency furnace which negates the need for a chimney liner. This type of furnace costs more, but saves you money overall by avoiding the added expense of the chimney lining.
If you would like some contractor suggestions, feel free to call me.
20+ years of residential experience.