Thank you for all the answers, many good points have been brought up.
I would wholeheartedly agree that I should drown this unit in a river and get a used one but for the time being I am stuck with this one. I will be stirring mixtures containing ethanol for a couple of hours up to possibly a few hours, I felt that after these upgrades this unit will suffice(it kind of have to at the moment) but after having read all the answers I realize that the design of this stirrer is much worse than I thought it was.
Now I don't perceive the failure of components to even be related to the weakest parts of the design, this unit has much bigger problems than cheap components that might give out quickly.
The hole under the heater was mentioned(and yes the heater is being connected to the mains), I was quite unhappy with the lack of heat insulation and am going to cover the hole with kapton tape for now(yes I know that's a ridiculous "solution" but its better than nothing), but the temperature insulation that does exist is done in a terrible way as well.
If I could afford it I would drown this one in the river and get another used one but for the moment I am stuck with this one.
The following might partly be cope or trying my best to see things in a positive way but I find this rebuild to be thoroughly satisfying since it gives me an opportunity to make use of many things that I have learned about during my spare time the past 10 years.
If that wasn't the case and if I didn't already own everything I need to upgrade the electronics it would make no sense what so ever to pay this unit any attention.
I hadn't considered the situation of stirring and spilling flammable solutions, it will take me some time to ponder the consequences of this aspect but right now I am considering possible ways to cover and seal that hole under the heater, sealing it entirely(apart from allowing the motor shaft to poke through).
I have also bought one of these
4L water distillers from Vevor, and when I opened that one up I was pleasantly surprised. I am actually perfectly happy with it's build quality and feel that they have done a pretty good job with that one(incidentally, its the same heating element as is found in the stirrer).
Assuming I can find a way to seal the hole under the heater, and assuming that the ventilation holes I make take the problem of spilling liquids into consideration(and finding adequate solutions) then I will be able to get some use out of this unit(with much closer supervision than I previously intended), but if I had more cash I would feel stupid to use this at all.
This is a lot to take in, but I'll return after having consolidated all these view-points.
I really appreciate all of your responses, thank you.