Sometimes it's more than about return on investment. Impact and the way it shows is very important. Even if buyers will buy their own, having newish, sharp looking, updated appliances will give a favorable impression and the kitchen will show well. Most buyers find it hard to visualize a room other than the way it is. Also, when I was looking at homes, outdated ugly appliances gave the impression that the owner cared for his home the same way in other areas. I remember one house in particular. Lots of sf, nice area. Starting with old stained range top, everywhere I looked, something was outdated and old-lady looking...carpets, paint, appliances. The home didn't show well and told me that the whole house, even the parts I couldn't see, would be outdated, not maintained, and a money pit. If homes in your area have updated kitchens, you need to do something similar, even if on a smaller scale, or expect for your home to take longer to sell, besides getting a lesser price. Impact of a reasonably updated, maintained, pretty home can't be measured. If only for a faster sell. And you don't need to spend a ton of money. You don't have to update everything. I plan on updating my fridge, since it's more than 20 yrs old, doesn't look nice, and never fit the area as well as it should. I don't plan on updating the dw, since it's not very visible and visual impact would be minimal. Stove - I'm not sure of yet. It's fairly new, but it's white with gray accents, so not sure if I should get stainless to match the new fridge & range hood. I think not. It is updated and looks fairly nice.