How Much Value do new Appliances add?

Posted by Mrs Money on April 4th, 2011

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As I mentioned before, we need to replace our stove. The stove we currently have is ancient, and works half the time. The burners are going out and sometimes I’ll put a pot of water on for tea and realize half an hour later that the kettle hasn’t started whistling. It’s annoying. Mr. Money is a chef, and wants to replace it with a gas range with a convection oven. There are a couple problems with this: one, convection ovens are expensive!; and two, we currently have an electric stove so we’d have to run a gas line to the stove and add a hood vent.

I asked a heating and cooling specialist today about how much it would cost to do both of those things. He said that it would probably be $600 maximum. However, he would have to look at it to give me a more accurate quote. I told Mr. Money that, and he didn’t seem like it was a big deal. He was expecting it to cost more money than that. I told him he’d have to also consider the cost of the actual stove too. The prices for a new gas range are anywhere from about $799-$1699. As far as I’m concerned we have a couple options when it comes to replacing our stove.

We can replace the existing electric stove with a new electric stove. I don’t know how long we’ll actually live in this house, so I don’t feel like dropping a ton of money on new appliances. However, I do think that our house would sell faster if we had all matching appliances in the kitchen.

We can replace the existing stove with a new gas stove. Of course, we’d have to pay to have the gas line installed as well as the hood vent, but Mr. Money thinks we’ll get the money back when we sell the house. I am skeptical. I can’t see where we would, but I could be totally wrong.

Do new appliances really add that much value? My personal opinion is that they probably would help the house sell faster, but we may not necessarily be able to recoup the money that we spend to replace them. I don’t know if I want to shell out a bunch of money on a brand new gas range.

Part of me wishes that when we bought the appliances, we had just gone with plain white or black instead of stainless steel. I think we’ve spent too much money on the appliances, but I can’t go back and change it so I might as well live with it. ;) Also, it was harder to learn how to clean stainless steel but it seems as though I’ve got that figured out now. I am hoping that when the time comes, our stainless steel isn’t inundated with fingerprints!

Do you think you can recoup the money from new appliances when you sell a house? What would you do?

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11 Responses to “How Much Value do new Appliances add?”


  1. Karen says:

    I think appliances definitely add some value to your home! My husband likes to cook, and I think he’d definitely see a gas stove with convection oven as a huge plus when shopping for a home. But I think you’re right. I don’t think the stove will make or break the deal (unless you’re selling to another chef who puts kitchen appliances at the top of his or her priorities).

    BUT there is another option you’re not considering. You don’t HAVE to include the appliances in the sale of your home. If you bought a fancy pants oven that your husband loves, you could always take it with you when you move. With so many foreclosures on the market these days, house shoppers are used to looking at homes with some or all of the appliances not included. So I don’t think no oven would be a deal breaker either.

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    Mrs Money Reply:

    Karen- You are exactly right. I haven’t thought about taking the appliances with us. I guess I figured that if we do move from our house it will more than likely be out of state and I didn’t really want to take them with us. I could always try to sell them to someone separately from the house but I don’t know if that would make sense.

    I’d love to just go buy a new electric stove. It seems like it would be a lot easier!

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  2. Kacie says:

    Yeah, what Karen said! Sometimes appliances aren’t included.

    I think it might be worth doing the gas upgrade since gas does appeal to some buyers. Plus he would benefit (and you would, too, with the food! :)

    So I say do it as long as it’s in your budget.

    [Reply]

    Mrs Money Reply:

    Kacie- I guess I never thought about taking the appliances with us because if we did move, more than likely it would be out of state and I don’t want to deal with that hassle.

    I’ll probably end up just going with a basic gas stove if I can get Mr. Money on board.

    [Reply]

  3. krantcents says:

    New appliances certainly make the house sell faster. Old appliances will reduce the price as well. If you do include the appliances, be prepared to reduce the price. In the end it is a personal choice.

    [Reply]

    Mrs Money Reply:

    krantcents- Reduce the price if we sell the house with the appliances? I would hate to do that! :(

    [Reply]

    sue Reply:

    Mrs. M – not reduce the price of the house if you sell with appliances, but if you sell with cheap/crappy appliances.

    You probably don’t remember (b/c it’s one of my life’s tidbits, not yours! LOL) but we sold short when we moved cross-country. we left the (new, awesome! – sob!) dishwasher and fairly new (awesome, large! – sob!) refrigerator. it definitely helped the house sell more quickly, and it garnered a higher price than if we’d replaced what we had in there with crap. people consider the *whole* price of buying a house, including replacing junky appliances with nicer ones when they buy. if you bake the nicer appliances in, you can ask more, and attract a higher quality/level of buyers.

    should that make the decision for you? i don’t think so. but should you enjoy what you have while you’re there? i do think that’s appropriate. you might think “we’ll do this later…” but none of us are guaranteed tomorrow, much less “later.” if you have the funds and will use it well and bless others with it, i say go for it. :)

    my $.02 on your dilemma…

    [Reply]

    Mrs Money Reply:

    sue- Thanks for your input! I understand now :) I think sometimes I think too much about money and not enough about personal satisfaction… I think we’ll probably just go for it! :)

  4. I dont know that you necessarily recoup cash for the appliances, but many buyers are asking for sellers concessions these days, and by throwing in the appliances you may be able to negotiate away from that sort of thing. Not to mention that Mr Money will actually derive some personal value from this convection oven in the meantime.

    [Reply]

    Mrs Money Reply:

    MoneyIsTheRoot- You’re right. I think a lot of my problem is that I think strictly money sometimes and I don’t think about the personal value. Thanks for giving me that advice! ;)

    [Reply]

    eemusings Reply:

    Agreed – my fiance wants a gas stove, but they’re not very common in houses here (although we are still light years away from buying!) I would view it not as a monetary thing in view of later resale value, but of personal satisfaction. After all, we plan to live in that house most of our lives.

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