[quote=bearishgurl]If you’re going to install an appliance like that and use it yourself for 10-20 years, it might be worth it to YOU but don’t count on recovering any portion of its purchase price in a $350K (avg) neighborhood. You don’t need an ultra-expensive range to prepare your lunch to take to work. You simply microwave the lunch at work, if needed, as I did every day for 25+ years.[/quote]
It has nothing to do with the kind of neighborhood. You shouldn’t expect to recover much of the purchase price of the $3k range (if it’s a few years old), even if you have a $1M house. Used appliances aren’t worth very much, you can take a look at craigslist to see what their market value really are. How much an item is worth is different to everyone. Most if not all 10-20 years old appliances are worthless.
[quote=bearishgurl]You don’t need an ultra-expensive range to prepare your lunch to take to work. You simply microwave the lunch at work, if needed, as I did every day for 25+ years.[/quote]
Yes, and you don’t need a luxury car, a $700k house, a vacation, etc. There are many things in life that you don’t NEED, yet you spend money on them. Why do you spend money on those things when you don’t need it? All of us have a finite amount of money to spend. We all spend it differently. There is no right or wrong, as long as the result is it makes us happier. Appliances are like cars (except they’re much cheaper), they depreciate. So, to expect a return on investment of high end appliance in the future is pretty foolish to me, regardless of how expensive the house is.
