If you’re flipping a house with a hard money loan in Georgia, Florida or Tennessee, it makes sense to think about what appliances you need to put into it – and one of the major places to consider is the kitchen.
So should you put new kitchen appliances in a house you’re flipping?
Should You Put New Kitchen Appliances in a Flip?
In some places, the only “optional” appliances are a washer, dryer, dishwasher and refrigerator, so make sure you know what you’re doing before you consider opting out of buying them. A stove is probably necessary, as is the sink – and in many cases, if there’s space for a dishwasher, it has to be included as well.
For the most part, the idea behind selling a flipped house is that it’s turnkey – that means the buyer doesn’t have to spend any extra money to move in (above the cost of moving and buying the house, of course). That means including appliances could help you sell faster (and for more money).
Unless you have a good reason not to include appliances in the house, you probably should – but every situation is different, and unless it’s required by law, nobody can force you to put appliances in the kitchen before you sell a flipped house.
Are You Looking for a Hard Money Loan to Buy a Property?
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding in Tennessee, Georgia or Florida. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.
Read our frequently asked questions and take a few minutes to learn about the hard money loan process.