The life expectancy of appliances and home systems are not typically top of the mind topics for the average home owner. They are definitely relevant if you're planning to sell or buy a house, but you should take a look even if you're not planning to move. It may be more cost effective to replace some before they actually klonk out for good, considering the additional energy cost and waste caused by old/inefficient appliances. In any case, homeowners must be prepared for the "unexpected" demise of a pricey necessary item. Here's a list of items along with their typical average lifespan and an average cost to replace.
ITEM AVG. LIFE SPAN AVG. REPLACEMENT COST
|Water Heater||10-15 Years||$800-$1000|
|Air Conditioner||10-15 Years||$5000-$5500|
|Toilet||10 Years||Under $500|
|Garbage Disposal||12 Years||$400|
|Washer and Dryer||10-13 Years||$1000+|
There are many reasons to stay on top of the performance of the items listed above. The 8-10 year mark is where some appliances and home systems start their decline. If you've hit that milestone in your house, it's wise to prepare your budget to take a few hits.
Various sources were used to collect these average numbers, but be sure to consider that each item has a broad range of bells and whistles for which you may choose to splurge. Most of the items listed require professional installation, so it's best to get a few estimates before making a decision.