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Updated almost 11 years ago on . Most recent reply

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Walt Payne
  • Real Estate Investor
  • Sebastian, FL
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Appliance allowance on flips?

Walt Payne
  • Real Estate Investor
  • Sebastian, FL
Posted

I am considering a different strategy for a flip than how I usually do it. We are working on a flip that has an ARV of $125K, and I am planning on putting in stainless appliances. I was just wondering if anyone else does a system where they provide an allowance of $xxx for appliances, and the buyer can select them. I have no problem purchasing them, but I also know that appliances tend to be one of those personal preference things that might help if the buyer can select their own?

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

The issue with that approach is that the house won't have appliances during showings, and that's going to be a huge visual selling point when marketing a $125K house.  If you do offer the allowance, I would have appliances in the house as well during showings (just remove them at sale and move them to the next house).

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