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?
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?
T
toxicmolotof12 Oct 2016 23:12When we moved, I also left a kitchen for my new tenant.
My research showed that the value of a kitchen with built-in units drops by about 50%, and then decreases by 10% for each year of use. So a 10-year-old kitchen is basically worthless.
My kitchen originally cost 1400 euros and after 7 years it would have been worth about 210 euros. To spare the new tenant’s feelings (on welfare benefits), I accepted 50 euros. That settled the matter for me, and I was glad not to have to dispose of the kitchen. The new tenant got a kitchen that was significantly newer than his old one.
By that logic, your kitchen would be worth around 500 euros. I would suggest offering this price to the new tenant and see how they respond. If they offer 300 euros or even just 200 euros, I would accept. The effort of dismantling and disposal will almost certainly cost more.
My research showed that the value of a kitchen with built-in units drops by about 50%, and then decreases by 10% for each year of use. So a 10-year-old kitchen is basically worthless.
My kitchen originally cost 1400 euros and after 7 years it would have been worth about 210 euros. To spare the new tenant’s feelings (on welfare benefits), I accepted 50 euros. That settled the matter for me, and I was glad not to have to dispose of the kitchen. The new tenant got a kitchen that was significantly newer than his old one.
By that logic, your kitchen would be worth around 500 euros. I would suggest offering this price to the new tenant and see how they respond. If they offer 300 euros or even just 200 euros, I would accept. The effort of dismantling and disposal will almost certainly cost more.
H
HilfeHilfe13 Oct 2016 07:55You should be glad to receive 300 € (about 320 USD). Make sure to get something in writing here. The problem is that it’s not you, but the landlord who chooses the next tenant. We had a similar situation and agreed verbally on taking over the kitchen. A few days later, the other person couldn’t remember the agreed price. Fortunately, they did not end up getting the apartment after all.
It depends on how much effort you want to put into dealing with it. Selling to a new tenant involves almost no work, but usually brings in the least money. Selling the kitchen piece by piece can maximize profit but requires the most effort.
Someone coming to pick up the entire kitchen for 1000€ is probably wishful thinking.
In the end, it’s like selling a car. If you sell your car to the dealer where you’re buying your new one, you have the least hassle but also get the least money.
If you’re busy with the renovation, I’d really try to include the kitchen in the deal with the new tenant.
If they want to spend very little, you can try selling individual appliances yourself (for example, the refrigerator or dishwasher). You can also sell the kitchen to the landlord, who can then add its value to the rent. However, the kitchen has to be appropriate for the apartment. For example, you cannot attract tenants to a 1500€ (about $1600) basic rent apartment with a 2500€ (about $2700) kitchen.
Someone coming to pick up the entire kitchen for 1000€ is probably wishful thinking.
In the end, it’s like selling a car. If you sell your car to the dealer where you’re buying your new one, you have the least hassle but also get the least money.
If you’re busy with the renovation, I’d really try to include the kitchen in the deal with the new tenant.
If they want to spend very little, you can try selling individual appliances yourself (for example, the refrigerator or dishwasher). You can also sell the kitchen to the landlord, who can then add its value to the rent. However, the kitchen has to be appropriate for the apartment. For example, you cannot attract tenants to a 1500€ (about $1600) basic rent apartment with a 2500€ (about $2700) kitchen.
A contract is mandatory. The landlord should also insist on this so that, upon returning the apartment, it is clear that the kitchen can actually remain. Otherwise, the landlord cannot hand over the apartment cleared to the next tenant, and simply disposing of it (at their own expense) is not legal.
Achieving a good price depends largely on
- the condition of the cabinets
- the condition of the electrical appliances
- the functionality of the electrical appliances
- the color of the cabinet bodies and fronts
- the presentation
and last but not least, on the seller’s negotiation skills.
- the condition of the cabinets
- the condition of the electrical appliances
- the functionality of the electrical appliances
- the color of the cabinet bodies and fronts
- the presentation
and last but not least, on the seller’s negotiation skills.
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