ᐅ Average Annual Depreciation of a Kitchen?

Created on: 12 Oct 2016 21:33
G
garfunkel
G
garfunkel
12 Oct 2016 21:33
Hello.

In my current apartment, I still have a kitchen unit with a ceramic cooktop, oven, refrigerator, freezer compartment, and recirculation hood.
There are 4 wall cabinets, 1 cabinet with drawers (cutlery drawer/pots/pot compartment), 1 sink cabinet, and 1 miscellaneous cabinet.

The appliances are from Gorenje. Everything works. The condition is good, with minor signs of use but nothing major.
The kitchen unit is 6 years old.

I originally paid 2500€.

What price could I realistically ask for if I sell it now? Since anyone reading this will know I have a kitchen to sell and therefore no longer need it, the price probably won’t be very high. However, I don’t want to give it away either.

Is there a way to determine this? Like an approximate depreciation per year?
C
Che.guevara
12 Oct 2016 21:39
Service life of 10 to 15 years, to be calculated proportionally on a pro rata basis
Y
ypg
12 Oct 2016 21:43
Used furniture does not save money in the household budget. This also applies to kitchens. Usually, you can consider yourself lucky if someone dismantles and picks them up—for free.
Since you are building, I would recommend reusing the cabinets in the utility room and selling the electrical components on local classifieds like eBay Kleinanzeigen.
Otherwise, a tip: use the advanced search on eBay to check recently sold kitchen furniture in your area to see what prices were achieved.
I manage to sell my furniture well in local groups on Facebook.

Best regards
A
Aotearoa
12 Oct 2016 21:45
Hello.

I don’t think you can sell the kitchen for a low four-figure amount. More likely around 500€-700€.
Neige12 Oct 2016 21:52
If it cost 2,500 euros new six years ago, its value drops by about 30% immediately after installation. Then, calculate an additional 10% depreciation per year. If I’ve done the math correctly, that would leave a residual value of around 700 euros.

However, the kitchen must be very well maintained, and the appliances must be in perfect working order.

So, if necessary, clean everything thoroughly and present it nicely, possibly adding small accessories. Often, potential buyers are willing to pay more simply because it looks attractive and appealing. You should give the interested party the opportunity to inspect the kitchen and check the appliances.

If everything is truly in top condition and you notice serious interest, I would set a starting price for negotiation at about 1,200 euros.
A
Alex85
12 Oct 2016 22:57
Of course, you’re hoping for a new tenant. However, the landlord might not care about that aspect and is not allowed to make the rental dependent on you transferring ownership of your kitchen. So, if it’s gone, it’s gone. I wouldn’t accept really unreasonable offers either—at least you can always sell the electrical appliances for around 100€ (about $110) if they’re not junk. But it does take some effort.

If the next tenant offers 500€ (about $550), you can negotiate a bit, but in the end, you should accept it. The effort isn’t worth it for an extra 100€ (about $110).

Let them make an offer if possible.