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Updated over 7 years ago on . Most recent reply
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Fridge upgrade or no? Stainless steel $1800 fridge for $800?
Hello! Right now my partner and I are house hacking a duplex that we hope to move out of and start renting in a year. The duplex is in a solid B neighborhood in Chattanooga, TN and we're hoping to get ~$1000-$1150 a month. It has a backyard, a garage, new bamboo floors, and is a 2 bd 1.5 BA.
Our decision is this: we'd like to purchase a fridge so that we have two for ourselves. If we're going to take it with us in a year, we'll happily buy a cheap $200 used one off of Craigslist. OR, we could buy a $800 stainless steel French door fridge from our local used appliance store that is discounted from $1,800 and leave it in the rental unit when we move out in hopes of it upping the rent/attracting tenants. It works great and looks amazing. I guess my question is: is it worth it to pay $600 more for a fridge that is significantly better then the one we have for a rental? Can you actually up the rent because of the fridge/ does it really make a difference to the tenants? If we could charge $25 more a month, the fridge would pay for itself in 2 years... our current fridge is a little typical white two door cheap fridge.
Thanks for your input!!
Most Popular Reply
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@Lydia Fogo, I agree with @Brian Levredge, @Russ Smith, and @William Allen on this one about the overall kitchen and appliance package. A full stainless appliance package can definitely set your unit apart from others rather than a single stainless appliance. I saw that you mentioned a used appliance store, but have you considered Sears' Scratch & Dent right there in Hixson? I've bought stainless appliances there for less than 50% of retail, including a fridge for about $400. This is the before and after picture of my Section 8 Chattanooga duplex; the response to the vacancy ad was overwhelming and I think the SS appliances played a huge part in that (despite its location in 37406):