Restored Appliances

[Account Closed]

Hey all,

I'm finishing up a flip for a 3/2 single family home in the 180-200k price range. 

I've gone over budget by about $5,000 and am looking for ways to save money.

I've looked through pictures of the other kitchens provided in the CMA/ on the MLS. About half of the comparable properties have stainless steel kitchen appliances, the rest have black. It's unclear whether the majority of these kitchen appliances are "new".

I came across a place here in town that sells restored/used appliances.

A lot of their inventory is slightly damaged/ dented, but there were some beautiful fridges, dishwashers, ranges that looked brand new. Most of their stainless steel appliances cost about the same/ less than new black appliances from big box retailers.

The choice I'm facing right now is whether to buy brand new black appliances, buy restored stainless steel appliances, or save ~$1000 and buy restored black appliances. 

Will home buyers expect brand new kitchen appliances?

Will restored appliances be a potential turnoff?  


Thank you very much,

Patrick 

[Larry Turowski]

@Account Closed Absolutely get new stainless.  You don't want to rehab the whole place, have it look fantastic, and then have buyers be a little disappointed when they see the appliances.  It will take longer to sell and may sell for less.

$5,000 over budget is not a huge deal, unless you are working with razor thin margins.

You can get low end stainless look appliances (french door refrigerator, range, over range microwave, and dish washer) for about $2,200).