How Much $$$ to Replace Old Stoves and Heaters

[Dj Pride]

Hi!

So I'm looking at buying my first property. I just walked through a few homes with my realtor. One of the properties that I looked at has these old appliances:

How expensive are these installations to replace with something more modern? I have no idea how I would do them myself but if it is something I can learn, then please explain that in your reply. Other than these old appliances, I think this house has huge potential.

Any input is greatly appreciated!

[Steve K.]

As I gain experience I've gravitated more and more towards the "if it ain't broke don't fix it" philosophy. Unless replacing those functioning appliances will allow you to raise rent, I wouldn't do it. Bob H. makes a great point about moving the fridge away from the stove, as that's not an efficient or aesthetically pleasing setup whatsoever but can be resolved by simply relocating the fridge. Once the unit is furnished and decorated I think you'll find those exposed pipes won't jump out nearly as much, they're just obvious because it's empty. 

As a somewhat related side note that dark kitchen floor appears to be 9x9in.vinyl composite tile. If so it probably contains asbestos. Not that big a deal as you can just encapsulate (cover it up) if it's in good condition, but that's just one example of my point about not spending money unless necessary because owning property gets expensive enough just doing the unexpected stuff that inevitably comes up. A common newbie mistake is to go and over-renovate and change things up just because it feels like the thing to do. Trust me you'll get a chance to spend money on your property soon enough without trying. An old house like that is undoubtedly hiding a lot of black swans. Save your money for when those rear their ugly heads.