ᐅ What is the depreciation value of an 11-year-old fitted kitchen?

Created on: 8 Jul 2018 19:05
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M4rvin
Hi everyone!

My mom moved into a newly renovated small house 11 years ago.
She had to take over the 3-month-old kitchen (3,973€ list price) for 3,200€.
Now she has been given notice for personal use...
How much can she still sell the kitchen for, and is the previous owner even required to take it?

My mom definitely does not want to keep the kitchen! (It was all pretty low quality, I think it was from a Spanish manufacturer)

Thanks in advance
M4rvin
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Steffen80
8 Jul 2018 20:08
10% per year. After 11 years, someone should pay to take it over.
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HilfeHilfe
8 Jul 2018 20:10
Let the buyer take care of the disposal. If it’s junk, then it’s worthless. You do know there is a 9-month notice period, right? Otherwise, impose the conditions on the buyer if you are supposed to move out beforehand.
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Nordlys
8 Jul 2018 20:20
So, I would leave them inside. The electrical appliances can still be sold to students for about 30 euros or so. At least the refrigerator and dishwasher.
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Alex85
8 Jul 2018 20:26
HilfeHilfe schrieb:

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The buyer should be responsible for disposal. If it’s junk, it’s worth nothing at all. You know the 9-month notice period, right? Otherwise, dictate the conditions to the buyer if you want to move out earlier.

Why should the buyer have to dispose of a previous owner’s or tenant’s rubbish at their own expense?
I definitely wouldn’t leave it inside. In case of doubt, you’ll get a bill for disposal afterward, and that’s guaranteed to be more expensive than taking care of it yourself.

I don’t think anyone will be enthusiastic about something that cost less than €4000 (about $4400) and is 11 years old, not even the appliances. Give it away for free for self-removal on classifieds. The main thing is to get rid of it.

That she had to buy the kitchen to secure the lease is illegal. But I guess that doesn’t help much now.
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nordanney
8 Jul 2018 21:13
She probably has two options:

1. Find a complete fool who will take over a kitchen that was already inexpensive back then and is now worth between 0 and 50€ (0 to 55 USD).
2. Remove the kitchen from the property, since she will likely have to hand it over at least broom-clean as usual and clear out her belongings. Alternatively, leave it in place and let the landlord handle it, who will then deduct the costs from the security deposit — so this is a bad idea.

Maybe someone will actually take the kitchen for free and even dismantle it.
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ypg
8 Jul 2018 21:21
A kitchen that cost less than €4000 (approximately $4300) and is even referred to as junk by the mother probably won’t bring in much value based on common sense.

On the other hand, you could argue this way: after 3 months, you pay 20% less... now 11 years have passed... in fact, you’d basically have to pay extra.

One way to handle it is to explain to the landlord that you’re leaving the kitchen for a small fee. The landlord will likely be surprised because they will have certain expectations. In any case, they should ask the next tenant how much they would be willing to pay; otherwise, the kitchen will be removed.