Will adding stainless steel appliances to our kitchen increase our home value? We have to replace our

Asked by Stephanie, Tallahassee, FL Wed Apr 16, 2008

dishwasher prior to selling, but the stove and refrigerator (both Whirlpool) work fine and are in white. Thanks!

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14
Appliance Ex…, , Denver, CO
Thu Aug 6, 2009
Anyone looking to make a decision between white, black, bisque and stainless keep this in mind.
1) Your home value will not increase simply because of stainless appliances.
2) The price difference between white/black/bisque and stainless is $50-$100 on comparable models
3) Stainless adds the WOW factor, THIS sells a house more than price.
4) Appliances color should be decided based on the kitchen accents (Counters, Cabinets & Flooring), Stainless steel can look HORRIBLE in some settings
5) Stainless steel is not a fad that goes in and out, it WILL be around for a long time.

GOOD LUCK! Happy shopping!
Web Reference:  http://appliancefactory.com
2 votes
Alisande, Home Owner, Port Townsend, WA
Mon May 2, 2011
Personally, I detest stainless steel appliances. Many consumers consider them too "cold" and "commercial" in appearance. They are also very hard to keep clean. I wouldn't change appliances when selling a home. The buyer might want something difference.
1 vote
Joe Manausa,…, Agent, Tallahassee, FL
Sat Apr 19, 2008
Stephanie:

You have received some good input thus far. The bottom line on this is ..... it depends. The appliances in your home should fit-in with the buyers' expectations of such a home. I would recommend speaking with a top real estate company to give you the specific advice that you seek.
Web Reference:  http://www.manausa.com/blog
1 vote
David - Appr…, , Maricopa, AZ
Sat Apr 19, 2008
Adding stainless steel appliances to the kitchen could be an added selling point to some potential buyers, however, it would not increase the value of the home dollar for dollar. Remodeling kitchens and baths do have a higher percentage of costs recouped over other types of remodeling or upgrades. From an appraisal standpoint, when the buyers lender orders an appraisal, the amount of increase in value (if any) would depend on the overall contribution the remodeling or upgrade contributes to the property in whole and what is acceptable within the market area. Also, depending on the amount of remodeling or upgrading, it may have a negative effect on the property as an over-improvement for the market area. From the little information you provided, if you only need to replace the dishwasher and the other appliances are white, you may want to consider replacing the dishwasher with an inexpensive one that would match the rest of the kitchen.
0 votes
Dianne Scott, Agent, Eustis, FL
Sat Apr 19, 2008
Hi Stephanie,

There has been a lot of good input on this. I have been showing new homes in the last few days, and we saw all kinds of appliances, but certainly a lot of stainless. This is what I found to be the case. Depending upon the colors used in there, the stainless could be stunning and very impressive. If the room is dark or if there is more subtle lighting such as recessed or indirect lights or no windows, and if there are dark cabinets or even beige or darker colors on the walls, the bisque or white appliances really made everything stand out and brightened up the room. If there were lighter colors or if it was bright and cheerful, the stainless was nice. If the kitchen has more gourmet-style features, such as Chef Sink, stainless fixtures or sink, and very stylish cabinetry, then the stainless will be a major plus. Stainless can be very appealing with marble, depending upon what color it is. I think the features offered in appliances are more important most times than the finishes. A quiet , insulated energy-efficient white dishwasher with more features would be preferable to a stainless low end one. If your refrigerator and stove are older and don't offer some of the more modern features, such as ice and water, or smooth cooktop, you might even consider replacing the existing ones with lesser expensive white ones that do have those features. You will pay far more for the stainless, and in many cases you won't recover your investment. In a Buyer's market, I don't feel offering an allowance will mean much to Buyers. If they see appealing appliances in a competing home, chances are they won't care about the allowance in yours.
Web Reference:  http://www.DianneScott.com
0 votes
The Moores', , Templeton, MA
Wed Apr 16, 2008
Dear Stephanie,

Stainless steel is a nice look and comes with a general WOW factor for showings - but will the cost upfront work with your homes architecture and neighborhood. For instance, I once has a customer insist that all SS would be huge in her 800sq' ranch style home in a town who's median income is $40,000 a year.

Have a Realtor familiar with your area walk the property and find out what other like homes in your area offer for appliances.

-Karissa
0 votes
Rebecca Lemm…, Agent, Saint Pete Beach, FL
Wed Apr 16, 2008
Hi Stephanie:
My feeling is that simply adding all stainless appliances (instead of having a mix) will make your home more attractive to prospects when viewing your home, but you may not realize a 100% return on your investment. One year stainless is in and the next year it is out. Refine the look of your home to bring it up to saleable standards, having a uniform look will accomplish that but not bring you an immediate, full return on your investment. Don't forget the big picture - to sell your home - and the overall return realized by the sale as a whole.
0 votes
Stephanie, Home Seller, Tallahassee, FL
Wed Apr 16, 2008
Thank you to all the responders! We do have new marble floors and countertops in the kitchen, but the white looks nice with it. Thank you again!!
0 votes
Keith Sorem, Agent, Glendale, CA
Wed Apr 16, 2008
Stephanie,
My vote is that if you are including the refrigerator in the sale, that is a nice bonux for a family buying your home, especially if your home appeals to first time home buyers. Of course, then matching appliances are important.
0 votes
Marcanne Gre…, Agent, Palm Desert, CA
Wed Apr 16, 2008
Stephanie, Adding appliances (especially stainless) may help sell your house. But it may not add as much value as you spend. If your appliances are really old and dated, then it is likely any buyer will want new ones when they purchase a home. They may not have the money for upgrades after closing so purchasing them may help sell the house. Stainless appliances are not suitable for all houses so that needs to be considered also. You should look at your competition and see what those houses have. Keep in mind a lot of people, especially with young children don't like stainless. You may want to offer a credit for appliances or other costs for any buyer and then they can pick and choose how to apply that credit. That way you don't spend money on something they care less about and it sweetens the pot for your buyers.
Web Reference:  http://www.marcanne.com
0 votes
Joseph Zajko…, Agent, New Port Richey, FL
Wed Apr 16, 2008
That would depend on a lot of things. One thing in particular would be the rest of the kitchen. Have you heard the term "Lipstick on a pig" ?? If the kitchen is old looking I would say no... If the cabinets and countertops have been upgraded and the kitchen is open with lots of space, I would say yes, stainless steel would add some value. I would also agree with the other answers about staging the entire house. You need to consult with a local Realtor to see what is hot and what is not for your area.
Good Luck .. Joe Ski..
0 votes
Karen Greenw…, , 48009
Wed Apr 16, 2008
Stephanie,

I agree with he other real estate professionals that have addressed your question. Another thought is Days on market, what is the amount of time the house will take to sell. We have proven data that houses with upgrades will spend less time on the market. What you put into your house in stainless steal appliances you might save of future mortgage payments, price reductions, taxes and insurance. This is true for the metro Detroit area, consult a local professional.
0 votes
Ines Hegedus…, Agent, Miami, FL
Wed Apr 16, 2008
Stephanie - it's important for you to contact a local Realtor that can tell you what buyers in your area are looking for. I can tell you that it depends on the market and the price range and in some cases may make the property more "marketable" to have stainless steel appliances.

I do agree with Larry about having all the appliances match - some sellers are even offering a "new appliance" package as an incentive to buyers.

If you are preparing your home for sale, you may want to read about staging as well.
Best of luck to you,
ines
0 votes
Larry Story, Agent, Greensboro, NC
Wed Apr 16, 2008
Stephanie,
Yes on one side of the coin stainless appliances are an upgrade an they do give the indication of higher quality. On the other hand if you are just replacing one have it match the other two. Stainless is a preference. So having your appliances all match in color is the better direction to go in.

Larry Story
Coldwell Banker Triad
0 votes
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