Originally Posted By: Wolf359
You mean aside from buying a new $1400 oven? How old is the oven? The fact that a new one costs $1400 doesn't mean the old one is worth $1400. When buyers look at your home, they don't see a new $1400 oven because it's not.
The way I see it, there's 3 options. Get a new stove and just sell the used on on craigslist if you really need the money and do that when you put the house on the market so that people see a brand new stove. Don't fix it and hope that it doesn't get noticed. Normally in a home inspection, they just check to see if the burners work and if the oven fires up. Technically you should disclose that it's quirky and leave it up to the buyer, but if you didn't and they didn't ask, you could get away with one and end up sticking it to the buyer. Or try that $100 control board repair on an oven than may only be worth 1/2 to 1/4 of what it was worth new.
Personally as a broker it always kills me when sellers are penny wise and pound foolish. Just doing little things like painting and replacing worn appliances make a place more appealing and while the property might not net more, if it sells quicker, it may be worth the peace of mind and you may end up with lower carrying costs such as mortgage payments, taxes and insurance.
Well - I think the kitchen is good, but not spectacular. I suspect a new owner might redo the kitchen at some point but not immediately. But unsure if they redid the kitchen would they still want a slide-in range. I doubt we would recover the cost of a kitchen upgrade in the sale price. The range is a nice range with a downdraft vent, smooth glass top, it just needs the oven to work properly.
