How much value does new appliances add to a 2-4 multifamily?

[Andrew Michaud]

I am purchasing a 3 unit apartment, all with outdated appliances. I am trying to set myself up for the most efficient appreciation before I plan to refinance and put that money towards another property. Is there a rough estimate on what a new appliance is worth on appraisal? I plan to print off a retail value sheet for every appliance in hopes that it will help the appraiser make better judgement on the value of each appliance.

[Andrew Severino]

Originally posted by @Alexander Felice:

Will they add value to tenants, sure

They won't add any value to an appraisal though.

Appliances won't be factored in a residential appraisal for value.  The primary value new appliances will add for you is happy tenants, and low or no maintenance for you going forward until they start to break down.