Appliance purchase for rehabbing a rental

[Jeff Cliff]

Hi,

I am at least six months or more away from completing the rehab of the house I just purchased, the house needs extensive work to be brought back to code.

Pretty much entire house needs to be renovated so possibly I may need to move them a couple of times and once I am done with the renovation I need to fumigate the house as well.

I am seeing some good deals on appliances during this holiday season. I am wondering if it would make sense to buy them now and store them until I am ready to get them installed in about 5-6 months or so? if not now, is there any other time of the year where I could find appliances at good price for rental?

Thanks in advance for your response.

[Jason Turgeon]

Don't do it. You ideally want them to arrive when they are ready for installation, so the place you buy them from can do the installation for you with no worries about voiding the warranty. Having a bunch of expensive appliances sitting in a construction zone for 6 months will pretty much guarantee damage, will be using up time on the warranty while they sit there collecting construction dust, will annoy your contractors who have to move them and work around them, and is just generally a pain. Ask me how I know. 

As for the best time to buy, there are sales pretty much every month, usually tied to a holiday Monday (or 4th of July), and you can always shop for scratch and dent appliances, etc.