Over 10.2 million kitchens are remodeled annually in the U.S., with homeowners upgrading cabinets and appliances. Kitchen expert Danny Niemela highlights that expensive appliances may not significantly increase a home's appraised value, as they typically only shift the price by a few hundred dollars. However, these appliances can speed up the sale process, as buyers prefer homes that feel move-in-ready. If an appliance is over its expected lifespan and repair costs exceed half of a new one, it might be worth considering replacement for peace of mind.
New appliances tend to do very little to change a home's appraised resale value. They will not shift the price point by more than a few hundred dollars, if that.
Buyers react to what feels turnkey. So even if it does not add value on paper, it often shortens time on market by 30 to 40 percent, which matters more when inventory sits.
If your appliance is more than halfway through its expected lifespan and the cost of a repair is over half the price of a new one, replacement could be the smarter move.
Sometimes splurging on a new oven or a fridge that meets your lifestyle needs isn't about luxury - it's more about peace of mind.
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