How many of you buy new appliances when you complete your rehabs? Do you get the value out of those appliances in your asking price?
Nate-WI
To me, new appliances are a must. Depending on what type of home you’re rehabbing, appliances aren’t all that expensive. I generally stick to “starter” homes, so for around a thousand bucks a buyer can be impressed by having a new stove, fridge and dishwasher. I don’t know how exactly you could measure the value of having the appliances, but my gut tells me it’s well worth the money.
Skip the washer and dryers, hey?
Nate-WI
Depends on where in the house the washer/dryer are located. If the hookups are in the basement, definitely not. If you have a laundry room, it’s more of a toss-up. I don’t think there’s a definitive answer, but consider this: if you’re a buyer and you walk into a house with a $150k asking price, are you going to be more impressed with a house that needs nothing b/c it already has brand new fridge, stove, dishwasher, washer and dryer or one that you’ll need to buy appliances for right off the bat?
The washer/dryer issue also depends on the kind of home. If it’s a starter home, it’s quite likely a first-time home buyer won’t already own a washer/dryer. If it’s a middle/upper class home, the buyer is more likely to have a washer/dryer.
Good points. The hook-ups are in the basement. I’m thinking about running lines upstairs but there really isn’t any room so downstairs it will have to be. I think that if I have a new stove, fridge, and dishwasher that will certainly help. If the new owner HAS to have a washer and dryer then maybe we can work that into the price of the home.
Nate-WI
I just did my first rehab and put used appliances in it. Stove, Refrig, and D/W only in it. I bought them from a local business that had been around for awhile and they guaranteed that they would work fine. They were very clean and modern looking. I did not put a washer/dryer in, but thought about using good used as negotiable items if I had trouble selling the house. I payed around $500.00 for all three appliances.
I always do new appliances. I try to go a little higher end on the stove like a glass top if electric or pilotless and sealed burner if gas. I’ve gotten good feedback on my choices.
Jeff
Is that $500 per appliance or $500 total? Neither makes sense to me… $500 each is too high and $500 total is low.
500.00 for 3 used appliances is not unrealistic.
I’m looking at my local fishwrap right now. I can buy a used washer and dryer and a fridge for 300 bucks. Again its all relative. Should I buy new or used. Up to whoever is buying them I guess. My feeling is if its not a rental and your looking to flip then used wouldn’t be a wise choice. But then again this is my first potential flip so what the hell do i know 
Nate-WI
I guess I didn’t account for them being used. I agree that for a rental that might be OK, but I hope you’re not putting in used appliances for a flip.
No I would go new for sure. I think I’m all set on this issue. I’m going to buy a new stove and dishwasher and that’s it. If it comes down to it and they need a fridge and washer & dryer to close the deal then so be it.
Nate-WI
I definitely have appliances included. I have a connection with a small appliance store that gives me used for cheaper than new, plus they look decent. The homes I have dealt in are starter homes for new families so it could be the deciding factor if there are other homes comparable. Do I get the $400-500 back in price? Maybe, maybe not, but I do know it does help to sell quicker. Just my two cents…
:DJ
You see the house I’m gonna get into is about 75-80K ARV. Lots of homes like this in this town. My target audience is gonna be a single mother of two, or a newlyweds, or single parent of one, know what I mean? I guess if I can find some used appliances that match then I could go that route. This is a ways down the road so I have some time to think about it. I close on the 18th and I’m giving myself 3 months to get this house ready for show.
Nate-WI
That was $500.00 for all three used appliances and they had all been gone through and checked and cleaned. They looked new and up to date otherwise I would not have put used in. I think it depends on the price range some too of the house. This was a starter home 2 bdrm in a small community that has lower income renters and I was targeting the $69-70,000 price range if I could sell it. If I had to rent it the rent would have gone for around $575/month in this area. I didn’t care which happened I just didn’t want it to sit empty.
I will be buying appliances and good ones too…
I know I am a newbie …actually still looking for my first deal.
and don’t have any experience ,yet ,but I won’t compromise on this, from a woman’s point of view…remember the wife chooses the house.
I want prospective buyers to love the house and wanna hear “aaaahhhh oooooohhh” …got the drift ? LOL
maybe that’s why my budget goes overboard ??? 
;D
I have a $2100 budget for appliances… :-[
Angela
2100 bucks for appliances? Must be made out of gold. Ok just kidding with that one but that’s expensive.
Like my Dad told me the other day. First thing a guy looks for is the garage. The first thing a lady looks for is the kitchen. My home will have no garage so the kitchen is going to look sharp. Anyways the ladies wear the pants in the household and those who say otherwise are in denial. Sorry gents.
Nate-WI
2100 bucks for appliances? Must be made out of gold. Ok just kidding with that one but that's expensive.Like my Dad told me the other day. First thing a guy looks for is the garage. The first thing a lady looks for is the kitchen. My home will have no garage so the kitchen is going to look sharp. Anyways the ladies wear the pants in the household and those who say otherwise are in denial. Sorry gents.
LOL…
oopps miscaculated (better recheck my Budget )
I meant $1800
Fridge $800
Stove $600
Dishwasher $400 (yes diswasher…Women want that! )
Angela.
Hi Nate,
I put used appliances in and I’ve had no problems, of course they are decent ones. In my opinion as long as the buyers have appliances they are happy. I’m sure there are more experienced investors out there who disagree with me but, I feel as long as you have good working/looking appliances you wont have any problems selling the home. Why spend about 2k (no offense AFK) for new appliances when you can get the same results with about a 1/3 of the price, remember it’s your profit margin and I don’t believe new versus old will be a deal breaker. As long as you have nice appliances it will sale.
Good luck,
John