[quote=bearishgurl]Of course you want to make your recently-purchased property exactly as you want it for your daily needs, CAR. Especially if you bought it a bit under market. HOWEVER, I DO think it is financially foolish to install a +/- $3K “gourmet range” into an (avg) $350K property in a working-class neighborhood, under ANY circumstances, for example. Perhaps in an (avg) $550K neighborhood, it might be “worth it” to do so, if the homeowner stays long enough to enjoy it themselves.
But if you were planning to sell (or rent your property out) in less than 3 years from now (as I am), would you STILL invest the kind of $$ in it that you are currently spending??[/quote]
With that logic, those who live in a working-class neighborhood shouldn’t be driving luxury cars either. A $3k range is nothing when a luxury car can be easily over $40k. I guess they all should be driving old beat up cars or some nondescript econobox by your logic. $3k is less than 1% of the house. If you truly love to cook (which would be one reason why you would want an expensive kitchen appliance), you can cook everyday and brown bag. That’s $5-10 saved per person. A couple, that’s $10-20 saved a day. It adds up to $1300-5200/year. That would be more than enough to cover the cost of the range.
You make it seems like $3k is a lot of money. It truly is not.
