When selling your home, one of the biggest concerns is how to increase its value without overspending on improvements, isn’t it? There’s a common question- Do appliances add value to a home?
Yes, they do. Read on to learn more detailed information regarding the topic. We will also talk about the appliances that add value to a home.
Do New Appliances Increase Your Home’s Value?
Yes, investing in new appliances can enhance the appeal of your home. They can enhance your property’s value by 3% to 7%, according to Consumer Reports.
Modern, energy-efficient appliances (especially stainless steel) are attractive to buyers because they reduce the need for immediate repairs or replacements and help lower utility bills.
However, upgrading all your appliances might not always be the best financial move. New stoves can cost between $650 and $2,000, and refrigerators can range from $900 to $8,000. On average, sellers only get back about 52% of what they spend on kitchen renovations.
So, you need to balance the costs with the potential boost in your home’s value. Think about other improvements, like installing new wood flooring, which can return up to 106% of the cost.
Simply put, although new appliances can increase your home’s value, focusing on smart upgrades will be even better.
4 Appliances That Add The Most Value to Your Home
This time, we will talk about four appliances that can add value to your home.
1. Refrigerator
You can enhance your home’s value by upgrading to a new refrigerator. It’s better if you choose models with popular features such as built-in water and ice dispensers and French doors.
Stainless steel refrigerators are popular because they give your kitchen a sleek and modern look. Buyers like energy-efficient appliances, so try to choose an Energy Star-certified refrigerator that can improve your return on investment (ROI). It’s a good idea to keep the Energy Star label visible to show off its efficiency.
Old refrigerators use more energy and increase utility bills, which can turn buyers away. Modern refrigerators offer cool features like touchscreen controls, smart organisation, and smartphone connectivity. These features attract tech-savvy buyers and make your kitchen more appealing.
2. Washer/Dryer
Invest in models with the Energy Star certification to ensure they meet high energy efficiency standards, a major selling point for potential buyers.
Modern washers and dryers come with a variety of features that attract today’s tech-savvy and eco-conscious buyers. Some models include smart technology that allows for remote operation, allergen-reducing capabilities, and speed-dry settings.
Prices for these machines can range from $445 to over $2,000, depending on their features and capabilities. If you replace outdated or noisy units with newer models, it can improve the appeal of your home and make it more attractive to potential buyers.
3. Stove
Modern stoves offer different appealing features, such as convection cooking settings, self-cleaning ovens, and smooth-top electric surfaces. These features not only improve functionality but also give your kitchen a more modern and stylish appearance.
Depending on the features and model, the cost of a new stove can range from $320 to $4,030.
Stoves that have a built-in appearance rather than standalone units increase the resale value of your home. Also, stoves with practical features, such as flat tops that are easier to clean, add convenience and appeal.
Gas stoves are popular with many buyers because they heat up quickly and offer a wider range of temperatures. Choose a gas stove to increase your home’s value by attracting people who prefer cooking with gas rather than electricity.
4. Dishwasher
Old dishwashers that are outdated, noisy, or leaky can detract from your kitchen’s appeal and deter buyers.
New dishwashers, (price is between $330 and $1,900) offer a range of features that make them more attractive. They are quieter, and some models boast a 44 dBA decibel rating. It ensures a peaceful kitchen environment without compromising cleaning performance.
Wrapping Up
Do appliances add value to a home?
Yes, they can add value to your home by enhancing its appeal to potential buyers. Newer, energy-efficient models, like stainless steel refrigerators and gas stoves, not only improve functionality but also offer attractive features that modern buyers appreciate.
Focus on strategic improvements, such as energy efficiency and popular features to get the best results.
