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Updated about 10 years ago on . Most recent reply

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121
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John Jack R.
  • Flipper/Rehabber
  • Las Vegas, NV
34
Votes |
121
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Refrigerator or Not??!!

John Jack R.
  • Flipper/Rehabber
  • Las Vegas, NV
Posted
Okay so here goes! Las Vegas flip, bought it for $90,000. Rehabbed it in about 7 weeks. Completely new inside and out. It now appraises for $140,000, and my partners and I are having a debate on kitchen appliances!! Specifically I am all in to make house perfect. I want affordable stainless steel. They want none. What do you think?

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Richard C.
  • Bedford, NH
1,615
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Richard C.
  • Bedford, NH
Replied

Stainless or not might be a valid debate. Appliances versus none, there isn't even any debate. You've got to do it. At $140,000, you are in first-time homebuyer territory. Might very well be an FHA or VA loan with a minimal down payment.

Your target buyers, in other words, may not have the money to drop $3k+ on basic appliances.

I expect not having appliances will result in a much higher days on market than if the house were ready to go.

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