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Updated over 8 years ago,

User Stats

39
Posts
11
Votes
Carolyn Guertin
  • Investor
  • London, Ontario
11
Votes |
39
Posts

Are nonfunctional appliances a deal breaker?

Carolyn Guertin
  • Investor
  • London, Ontario
Posted

I made an offer on a bungalow with an income suite downstairs last week. The basement unit only needs some paint and a few other touches to be rentable -- and I was counting on that income to keep the place afloat while I work on doing more extensive renovations on the main floor. 

I had the walkthrough with the building inspector today. The house passed with a few issues: some small electrical problems, a fireplace that is unsafe and needs to be removed, and the celebrated brick barbecue deemed a fire hazard. I can live with those revelations, but the shocker is around the appliances. I knew there was no fridge in the main floor unit, but thought that I was getting one (extremely small) fridge, two stoves, and a washer and dryer. The inspection revealed that the gas stove upstairs doesn't work (it has never even been connected) and the dryer downstairs caught fire while being tested. So now instead of having to buying just a fridge, I'm also looking at buying a stove and a dryer as well. My question is can I negotiate the price down by way of compensation (and, if so, how much?) or are there other ways to ease the blown budget? Or should I just walk away? 

Thank for sharing your thoughts. 

cg

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