update appliances

Profile picture for spolden
we are getting ready to put our home up for sale. We live in a very inflated priced area. we have a modern kitchen that is large with granite counters subzero refrig with a matching cherry front along with updated cherry cabinets. I think in order to get top price we need to replace 12 year old black appliances with stainless steel. we are talking about the cooktop (gas) and oven and maybe the dishwasher. my husband disagrees. who is right?
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February 19 2011 - Mountain View
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Answers (9)

Profile picture for Thomas Trifon
You are looking at approx.
Cooktop - $1500-3000
refrigerator - $3500 - $10,000
oven - $2000-5000
dishwasher - $1000-3000
and throw in at least a thousand for installation.

You may be better offering an appliance allowance and let the buyers pick out the color/brand that they like.

Besides, maybe they would want to gut the kitchen and put in white appliances, then the SS ones you put in have no value to them.




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January 19
Profile picture for Wes Black
I would suggest replacing the appliances with stainless steel to have the best impression.
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January 18
Profile picture for Kelly Huffstetler
I agree with Carla and S. Chris. I have seen first hand how much quicker a house updated with stainless steel appliances sell. Two homes in the same neighborhood, roughly same layout, number of rooms, bathrooms, etc. and comparable yard- one has updated appliances one does not. The one with the updates has sold in less than half the time as the other and for a slightly higher price. This isn't just a one time observation, I've seen it happen often in this market.

Buyers will offer you much less for a kitchen that needs updates than it will cost you to do the updates yourself. You can recoup some of the cost by selling your old but operating appliances.
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January 17
Profile picture for spolden
they were all great answers but the jury is still out.  My gut filling is that we will keep the subzero fridge (even though we do have a tad of rust inside) but replace the others. 
Thank you all
Spolden
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January 09
Profile picture for SVRealEstate
Spolden, As a real estate agent in Mountain View, I can tell you that the buyer will appreciate stainless steel and will discount the cost of replacing the black appliances in their offer
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February 20 2011
Profile picture for PHX AZ RE BROKER
To be honest, most buyers are looking for newer, stainless appliances. 12 year old appliances may look dated in an otherwise modern kitchen. In the houses we flip, we usually replace those older appliances with stainless that are fairly new (by them used off craigslist inexpensively). The kitchen, after all, is one of the most important selling feature to the home. It won't make your home appreciate in value on an appraisal, but will make it more appealing to more buyers.
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February 20 2011
Profile picture for MikeEmery
I would only replace if they are either worn or broken.

Dishwashers have an average lifespan of 12 years. You would want to look for rust on the inside, worn vinyl or rust on the racks and an unusually noisy pump.

A gas stove can last upwards of 20 years. Typically on a stove what fails is electronic ignition, gas valves, springs on doors and cosmetic wear and tear.
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February 20 2011
Profile picture for Avi Urban

 There are many factors that impact the fair market value of your house and what will be the eventual sale price. The most important one are the one you cannot change or are expensive to do so (location, schools, size, facing etc) and of course the market condition. The most important decision you'll make is the timing of putting the house on the market, the list price and how you'll market the house. Hence, replacing the appliances is a "nice" to have feature but secondary to the other factors. Price it right, create the buzz and you'll have multiple offers and price biding. Good luck.

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February 20 2011
Profile picture for wetdawgs
I agree with your husband.  If the current appliances are in excellent condition visually and working well, there is no reason to replace them.  Stainless steel is perhaps trendy, but it sure is hard to keep the fingerprints from showing.
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February 19 2011
 

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