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Updated almost 8 years ago on . Most recent reply

User Stats

46
Posts
7
Votes
Raky Patel
  • Rental Property Investor
  • Houston, TX
7
Votes |
46
Posts

Question regarding appliances in higher end home

Raky Patel
  • Rental Property Investor
  • Houston, TX
Posted

Hey all, I bought a new primary house and will be renting out my current house in the Houston Heights. It is a bit of a unique situation because this home is worth $400k. The home should rent for around $2600-$3000. I don't want to sell it yet because it is not worth it for me to pay the transaction fees, the area is appreciating in value, and my PITI on it is around $2300. While the cash on cash return is not great, I would rather sell in 3 years to take full advantage of the tax benefit.

My options:

1. I have a higher end refrigerator and washer/dryer ($5k) that I would like to move to my new place. I can replace with cheaper units for $2k - swapping appliances from old place is not an option because they are not included in sale

2. Don't provide refrigerator, washer/dryer

3. Provide only refrigerator

4. Provide refrigerator but offer to include a washer/dryer for an additional $50-$100/month

Any advice is appreciated! Thanks!

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