appliances are a commodity that represent a minor fraction of the sale price
no one plonks down $2 million dollars on a home to get $30k worth of appliances
no one moves into a poor school district to buy a Viking range
you can swap out all the appliances in a home in a few days
and the idea that these are an "investment"?? how many homes have you owned? no one is making a profit off of installing a dishwasher
and to edit a response...you just flipped properties in a seller's market, you would have made a profit regardless. wait until it is truly a buyer's market...you won't get a premium off easily-done renovations like swapping appliances
I've owned and sold several homes that I've renovated and they always fetch a premium.
Recently I sold an apartment in a complex with 1200 units - so comps are widely available. The sale happened in a matter of hours with 6 way-over-ask offers, half of which were all cash. The closing price continues to be a high water mark for this unit / line in the complex.
There were other units on the market at the same time as us where the sale took weeks if not months and sold for drastically less. Some of them were recently renovated, but had builder grade finishes.
High end kitchen / bathroom renovations (aka appliances) are most certainly a major factor.
> You don't take your appliances with you when you move?
Sometimes yes, sometimes no. Dishwashers are probably the most-likely to stay with the house, followed by the range. Fridge may be included with the house, or specified as negotiable, but often isn't—probably the most-likely one for the seller to keep. Some higher-end models of various appliances (including refrigerators) may be built-in rather than freestanding, and/or to be styled to match the cabinets, and in those cases they almost always stay. Clothes washer and dryer are usually taken.
IME appliances are more likely to stay the higher the cost of the house (they're more likely to be kinda tied to the house, style-wise or physically; the owner is more likely to consider them not worth moving).
Most of the time, no. Probably because as "standard" as sizes of appliances are- they also are not.
So the last thing you want a potential buyer worrying about is (1) looking at an empty appliance slot or (2) knowing the appliances are going and worrying if they can find something to perfectly fit in the same spot.
I mean also, because appliances usually stay.. it's kind of a problem for no one. Often times someone is selling a house to build a new one, they don't want to bring old appliances in a new build. Or if you are buying a pre-existing house, that will generally have the appliances etc.
> You don't take your appliances with you when you move?
Very often, they do take some, but large appliances are expensive to move making it a convenient time to trade up, and many homebuyers are first time homebuyers moving out of places where they don’t own the appliances (whether young people moving out from their parents or ex-renters moving from a place where the landlord owns some or all of the appliances), so appliances can be a big boon to selling a house.
Here in Germany people take their entire kitchen when they move - even from rentals. It's normal to rent an apartment with no kitchen (no cabinets, no appliances, literally an empty room with some pipes). Very strange.
newaccount2023|3 years ago
appliances are a commodity that represent a minor fraction of the sale price
no one plonks down $2 million dollars on a home to get $30k worth of appliances
no one moves into a poor school district to buy a Viking range
you can swap out all the appliances in a home in a few days
and the idea that these are an "investment"?? how many homes have you owned? no one is making a profit off of installing a dishwasher
and to edit a response...you just flipped properties in a seller's market, you would have made a profit regardless. wait until it is truly a buyer's market...you won't get a premium off easily-done renovations like swapping appliances
fowkswe|3 years ago
Recently I sold an apartment in a complex with 1200 units - so comps are widely available. The sale happened in a matter of hours with 6 way-over-ask offers, half of which were all cash. The closing price continues to be a high water mark for this unit / line in the complex.
There were other units on the market at the same time as us where the sale took weeks if not months and sold for drastically less. Some of them were recently renovated, but had builder grade finishes.
High end kitchen / bathroom renovations (aka appliances) are most certainly a major factor.
cesarb|3 years ago
You don't take your appliances with you when you move?
yamtaddle|3 years ago
Sometimes yes, sometimes no. Dishwashers are probably the most-likely to stay with the house, followed by the range. Fridge may be included with the house, or specified as negotiable, but often isn't—probably the most-likely one for the seller to keep. Some higher-end models of various appliances (including refrigerators) may be built-in rather than freestanding, and/or to be styled to match the cabinets, and in those cases they almost always stay. Clothes washer and dryer are usually taken.
IME appliances are more likely to stay the higher the cost of the house (they're more likely to be kinda tied to the house, style-wise or physically; the owner is more likely to consider them not worth moving).
eatsyourtacos|3 years ago
So the last thing you want a potential buyer worrying about is (1) looking at an empty appliance slot or (2) knowing the appliances are going and worrying if they can find something to perfectly fit in the same spot.
I mean also, because appliances usually stay.. it's kind of a problem for no one. Often times someone is selling a house to build a new one, they don't want to bring old appliances in a new build. Or if you are buying a pre-existing house, that will generally have the appliances etc.
dragonwriter|3 years ago
Very often, they do take some, but large appliances are expensive to move making it a convenient time to trade up, and many homebuyers are first time homebuyers moving out of places where they don’t own the appliances (whether young people moving out from their parents or ex-renters moving from a place where the landlord owns some or all of the appliances), so appliances can be a big boon to selling a house.
mousetree|3 years ago
lotsofpulp|3 years ago
Also, most appliance sellers include free disposal of old appliances, so the new homeowner does not have to worry about that.
superhuzza|3 years ago
Many appliances are effectively built-in to the kitchen (sometimes ovens, stoves), or may not fit in the new house.
It's agreed upon by the seller and buyer.
AnIrishDuck|3 years ago
unknown|3 years ago
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philwelch|3 years ago
bluGill|3 years ago