Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Lydia Fogo
  • Investor
  • Hixson, TN
1
Votes |
3
Posts

Fridge upgrade or no? Stainless steel $1800 fridge for $800?

Lydia Fogo
  • Investor
  • Hixson, TN
Posted

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

User Stats

355
Posts
380
Votes
Andrew Ashby
  • Investor
  • Orlando, FL
380
Votes |
355
Posts
Andrew Ashby
  • Investor
  • Orlando, FL
Replied

@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):

Loading replies...