Rehabbing House W/ Appliances. Keep Them?
The house I just bought and started rehabbing has some appliances which doesn't look too shabby. It doesn't look exactly new nor modern, but it still works...the stove drawer is a bit crooked.
Should I keep those appliances (fix the slight problems) to use them for a rental? Or just buy new appliances with a new warranty?
Depends on the level of rental this is. If it's a 200k house, renting for 2k a month, I'd say replace them, but if it's just a basic house, I'd say keep'em, but clean them up really nicely, and be prepared to replace them when they break.
Just my .02...
Depends on the level of rental this is. If it's a 200k house, renting for 2k a month, I'd say replace them, but if it's just a basic house, I'd say keep'em, but clean them up really nicely, and be prepared to replace them when they break.
Just my .02...
It's a house dated 1949 but I am rehabbing it to update it.
There's a local investor (former coworker until he quit to do REI full-time) who's "showing me the ropes". I went with him to help him pick up stove for a property he was rehabbing a couple of months ago. The stove came out of another property that a different investor was rehabbing.
To give you an idea of the condition of the stove, he got it for $25! Another $25 or so for new shiny drip-pan things and a little bit of elbow grease and the thing looks as good as new. Well...at least it's good enough that noone's gonna complain about it.