1. What is your goal for the expenses? To ask for more, or simply to have your unit more attractive?
2. Would you buy or not buy a house because of a fridge and oven?
That money can be better spent on sooooo many other things. New paint, new carpet, bathroom upgrades, etc. $3,000 is a lot of money for eye appeal, when compared to investing in HARD, PROVEN improvements. Besides, not everyone may like the sterile look of Stainless Steel.
As a licensed Realtor, my duties is to tell you what you NEED to hear, not what you want to hear.
Appliances that are in good working order (if offered with the property) is all that is expected. If your appliances are working fine and look nice, leave them the way they are. If they need to be replaced, you may want to go with SS if you think it will improve the look in your kitchen. But don't buy then with the sole purpose of improving the worth of your property.
I was just down the street from you the other day visiting a townhouse!
Anyway, those units mostly still boast the original black appliances from when the building was built in 2000, and recent re-sales have not been hindered by them. There are a few resales that installed stainless steel appliances, and it did not make much of a difference compared to those with the black appliances (they all have granite countertops, though).
In this case, your selling point will be the southern exposure and the high floor, without a doubt. Stainless steel, not so much.
Given the 12 month time frame, if the current applicances are in good condition, I would not recommend changing them. How about the REST of the kitchen?
Granite counters? Reface cabinets?
I would recommend counseling with a REALTOR regarding improvements you could make during the next year to maximize the value.
Buyers want VALUE...generally that translates into Kitchen, Bathroom, Cleanliness, and Fresh paint.
First, is your screen name a reference to Stevie Ray Vaughn? If so, I wish to congratulate you on your taste in music; if not, well, what a coincidence! Anyway, if your black appliances are looking good and functioning well, I see no need to replace them. I sincerely doubt you could recoup the replacement price at resale. SS appliances are a very sought after upgrade in the mid-class home today; but uber-current trends indicate a return to a "warmer" kitchen... These trends do take time to filter down, but unless every other condo your listing is competing with has SS appliances, you are better off NOT updating these for re-sale. Even if that is the case, I'd advise you undercut your competition with a lesser price rather than spend the funds on needless (and fairly expensive) upgrades for "trendy" purposes only. The more pertinent question for today is: what are your countertops made of? Best of luck!
Sorry to disagree; but a change from perfectly sound black appliances to SS appliances is not an upgrade. It is merely cosmetic. Yes, definitely, the cost of a true kitchen or bath upgrade can USUALLY be recouped at resale; but that does not appear to be the case in this particular situation. I think we must ask Stevie to clarify:
Are your black appliances current and functioning well? Were you considering a merely cosmetic upgrade or are those black appliances on their last legs? Your reply here is requested so that we may give you the best advice that we are able. Thank you!
It's always difficult to know exactly what you'll get back when you invest dollars in your home but you can be sure it will help sell your unit (the majority of money invested in Kitchen and Bath upgrades tends to be recouped upon sale) . I've been through the building on numerous occassions and I agree the views from your building are impressive. In this market you need to avail of every advantage to stand out from the crowd. Rather than asking yourself "if I spend $3,000 on new appliances will I recoup $3,000 upon the sale of my unit"?, you should ask, "will spending $3,000 on appliances help me recoup the $345,000 I have already invested along with some appeciation"? I would recommend that you upgrade your appliances prior to sale. Best of luck.