Kitchen Appliances / Appraisal Value

[Michael Keane]

Hello BP Community!

I am completing interior rehab work on a duplex, including completed renovated kitchens. Once the rehab work is complete, I will be getting the property appraised with the intent on refinancing (BRRRR).

Right now, I am in the market for kitchen appliances for each unit. Do appliances have much influence on the property's appraised value? 

On that note, any recommendations for kitchen appliances packages for newly rehabbed rental units? 

Thanks! 

[Andrew Postell]

@Michael Keane I think the answer here really lies on what do your comps show? Meaning, if the comps you are using to determine your ARV have appliances of a certain nature....then that's the appliances I would use. I mean, it's the same with finishes, flooring, enclosed garages, finished basements, pools, etc. If you are putting every upgrade imaginable in a house where no comps have those types of upgrades....then it's might be hard to get extra value out of the property. But if all the properties in the area have those upgrades and yours doesn't....well, it might be hard to get the value you need. I hope this makes sense how I am describing it.