What's The Value Of Stainless Steel Appliances When Buying A Home?

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Real Estate Agent with Integrity Real Estate Group
Stainless Steel appliances, you either love them or you hate them.  Personally having been owned by them for the last 6 years in my house I could do without them.  However that's not the question.

If you have two homes one with stainless steel and one without, what is the true value of the difference in appliances?  We are talking about appliances of an identical age and condition.   We are also talking about properties that are 95% identical as well.  In fact if you were sleep walking the appliances might be the only thing that made you realize you were in the wrong house.

Is the difference negligible or does an appraiser give a property a higher value on appliances alone?  Inquiring minds want to know.


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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I bet there is very little difference in our market right now for the two differnt types.  At the height, maybe a tad of extra for the appliances.  Do the good old "extraction method" and go back and see if you can find other sales of the same type of home and work out what a buyer is willing to pay for the stainless.  That's all the appraiser is going to do.

Feb 26, 2012 05:54 AM #1
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Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Cindy ....good question ...I really don't know, but will watching for other opinions.

Have a great night!

Feb 26, 2012 06:55 AM #2
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Chris Ann-It's always interesting to see what buyer's focus on when looking at a property.  They overlook crown molding, upgraded tile in bathrooms or kitchens but instead worry about the color of the appliances.  One of the simplest things to "fix" if they want to.

Feb 26, 2012 07:09 AM #3
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Thanks for stopping by Rob.  I'm always on the lookout for other opinions when it comes to what's happening in real estate.

Feb 26, 2012 07:10 AM #4
Rainmaker
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Blatt + Cutino
Keller Williams Coastal Estates - Monterey, CA
Broker-Associate 831/206-8070*Call today*

I think new applicances may make a small difference but not any real significant one.

Feb 26, 2012 07:45 AM #5
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Angela-in this case the appliances are all the same age.  So it's a wash on anything related to future longevity.

Feb 26, 2012 08:10 AM #6
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Cindy- I'm also going to look at what people say.  I would think it depends upon where the house is because of regional preferences.   

Feb 26, 2012 09:17 AM #7
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Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

I am much more interested in the brand, size, features...I say this as someone who just moved into a new house and have already replaced some of the SS appliances with better SS appliances.  Never thought the "garage" fridge would be a SS side x side, but I wanted French door.  It would have been less painful psychologically to have replaced white ones, though.  LOL. All things being equal, though, I just do not seeing it adding that much value.  What kills me is there are some cheap SS appliances out there, but folks do not seem to care about that, as long as they are shiny. 

 

Feb 26, 2012 11:34 AM #8
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Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

I would think an appraiser would take into consideration the new appliances over old ones, but nothing more.

Feb 26, 2012 11:43 AM #9
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Kathy-interesting.  Hadn't thought it might vary by region.

Feb 26, 2012 08:29 PM #10
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Susan-you brought up an interesting point.  What about level of the appliance as compared to the finish. 

Feb 26, 2012 08:33 PM #11
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Kay-thank you.  In this case the appliances are all the same age so it is only the finish that is different.

Feb 26, 2012 08:34 PM #12
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