how much should you save for future furnace repairs
02 Jan

How Much Should You Save For Future Furnace Repairs in Virginia

How Much Should You Save For Future Furnace Repairs in Virginia

how much should you save for future furnace repairs in Virginia

Contractor looking over a gas furnace with a flashlight before cleaning it.

Most furnaces are designed with durability in mind. They can last for decades if properly maintained and cared for. But that doesn’t mean problems won’t occur. From time-to-time, you may find yourself requiring furnace repair services. These are often provided by HVAC contractors. The price of the repairs in Virginia will depend on the severity of the issue and the rate charged by the contractor in question.

If you wake up one morning and your furnace simply isn’t working anymore, then it’s obviously time to contact an HVAC specialist. It’s a good idea to have a small savings amount set aside just for the occasion. But that requires understanding the average costs of furnace repairs in your area. Following is an outline of the typical costs as well as a breakdown of some of the specific repairs the contractor may need to perform.

The Average Costs Of Furnace Repairs in Virginia

Multiple sources have noted the national average to be around $260. The overall range of potential charges covers a broad spectrum from $50 to $900. The average range is much closer to between $150 and $300. That means it’s unlikely but possible that you’ll need to pay upwards of $900 to repair your furnace. However, it’s far more likely that your bill will be very close to $300. And if the problem is very minor, then you could find yourself paying less than $200 for the repair.

Nearly as rare as paying $900 is when a homeowner only pays around $50. This happens under very specific circumstances. The most common reason for this occurring is that a very small and cheap component was damaged in the furnace. It would take the contractor very little time and effort to make the repair, thus allowing for a very low cost.

The second reason why a homeowner may pay as little as $50 for the furnace repairs is that their furnace may still be under warranty. It may be possible that all of the damaged parts of the furnace were covered by the warranty. The money they paid for the repairs were put towards paying the fees for the service visit and the labor of the contractor.

After the warranty on the furnace has expired, the price of the repair will primarily relate to the source of the damage. Some components are considerably more expensive to repair or replace than others. A heat exchanger or motor will be more expensive than wiring or thermostat problems. They are also less common than those types of problems.

When It’s Time To Replace The Furnace

If you’re given an estimate that exceeds the maximum above of $900, then your best option may be to completely replace the furnace altogether. But you should receive a second estimate first to ensure the validity of the initial charges. Services like HomeProsFinder can connect you with your local contractors who will provide free quotes for their heating and cooling repair services. Utilize these free quotes to compare prices and determine if repairing the furnace is in your best interest.

The same contractors who provide home heating repair services will be capable of removing and replacing the old furnace as well. The cost of completely replacing the furnace will be more expensive than most repairs. But once repairs start costing more than $900, then the difference becomes negligible.

Likewise, if you’ve had your furnace for more than 15 years or if repairs have become a more frequent necessity, then it may be time for a complete replacement. A more modern furnace could potentially save you money in the long run by reducing repairs over the course of time and increasing energy efficiency.

The Most Common Repairs

It’s a good idea to save enough to at least cover the most commonly experienced problems. The most common problems include:

  • Damaged thermostat
  • Noisy furnace
  • Malfunctioning pilot light

The good news is that these repairs all fall near the national average in terms of cost. A complete thermostat replacement, for example, will rarely cost more than $250. It also happens to be near the top of the list of commonly experienced problems.

The thermostat is responsible for controlling when to release heat and how much to release. If your furnace is creating any heat, the fan isn’t blowing heat through the vents, or the heat comes and goes sporadically, then it is very likely a malfunctioning thermostat. You can expect the repair to cost anywhere from $150 to $250.

A pilot light can cause similar symptoms. A malfunctioning pilot light results in either a complete lack of heat or heat that comes and goes. Without the pilot light, there can be no flame and no hot air. The most common pilot light problems are actually easy to repair and typically cost less than $150. A complete replacement may cost as much as $200.

Furnace Maintenance Costs in Virginia

Your local heating repair service provider should also provide regular maintenance services. Maintenance is the best way to avoid the need for a furnace repair in the future. You’re advised to schedule maintenance at least once a year during the fall season so that you’re home is ready to handle the winter. The average cost of furnace maintenance is around $100. The price may increase slightly depending on the cost of new filters.

You can also schedule a cleaning of the ducts and vents. This will add to the price of the maintenance, but it will increase the efficiency of the furnace and heating system. However, many homeowners opt to clean their own air ducts and vents. It’s entirely up to you and certainly doesn’t hurt to familiarize yourself with the process.

To Recap

It’s a good to set aside a savings to cover the cost of future home heating repair services. The national average for repair costs is around $260 with $900 being the highest you should expect to see. Having a savings of between $300 and $900 is the best way to ensure you have enough to cover potential repairs. You can also put aside an additional $100 to pay for annual furnace maintenance.