Do I have to use new appliances?

[Linda Young]

Hi all,

I just found my potential flip and now need to decide on appliances. Can I get by on "like new" or should I pay up and get new appliances for the kitchen. I was thinking everything except the frig since most homes here are not sold with a frig. Thoughts?

[Sam Bates]

@Linda Young This is personal preference and depends on the flip (sales price, neighborhood, profit of deal, etc.) I would recommend new appliances on almost all flips because they will help the property sell quicker plus it's another wow piece to your deal. However, if it is a lower end property and the comps do not support new appliances it might not be necessary.