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
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
It’s not a new owner; it’s the previous owner who now wants to move back in and, if I understand correctly, was the one who originally forced your mom to buy the kitchen.
Additionally, she apparently made things very difficult for your mom throughout the rental period. But she would like to have the kitchen again.
The kitchen, which is clearly not very high quality, is practically worthless after 11 years. Normally, it’s a relief when the person taking over the house/apartment accepts the kitchen without any issues.
But in this case, it’s a bit different.
You can check what the owner would offer since she wants the kitchen back.
If that amount is too little for you, you have two options: either accept the situation and avoid any further work—that would be the easier route.
In any case, make sure it’s formally agreed that the kitchen stays as-is. You don’t want the owner later to decide she doesn’t want the kitchen after all and then expect you to cover disposal costs. Given how unpleasant she has been over the last few years, I would get this in writing.
You could of course also get back at her by selling the kitchen for very little (although I suspect you won’t get anything) or even give it away (pick-up only). The owner can’t do anything about that since the kitchen belongs to your mom. And the owner won’t get her kitchen back.
If that’s worth it to you...
Personally, I would try to get out of the situation with as little personal effort as possible. Maybe the owner will pay you a goodwill amount. If not, I would personally just leave it to her at no cost rather than deal with the hassle. Your mom definitely doesn’t want to keep it.
Maybe the owner will then be more cooperative with you on something else.
Additionally, she apparently made things very difficult for your mom throughout the rental period. But she would like to have the kitchen again.
The kitchen, which is clearly not very high quality, is practically worthless after 11 years. Normally, it’s a relief when the person taking over the house/apartment accepts the kitchen without any issues.
But in this case, it’s a bit different.
You can check what the owner would offer since she wants the kitchen back.
If that amount is too little for you, you have two options: either accept the situation and avoid any further work—that would be the easier route.
In any case, make sure it’s formally agreed that the kitchen stays as-is. You don’t want the owner later to decide she doesn’t want the kitchen after all and then expect you to cover disposal costs. Given how unpleasant she has been over the last few years, I would get this in writing.
You could of course also get back at her by selling the kitchen for very little (although I suspect you won’t get anything) or even give it away (pick-up only). The owner can’t do anything about that since the kitchen belongs to your mom. And the owner won’t get her kitchen back.
If that’s worth it to you...
Personally, I would try to get out of the situation with as little personal effort as possible. Maybe the owner will pay you a goodwill amount. If not, I would personally just leave it to her at no cost rather than deal with the hassle. Your mom definitely doesn’t want to keep it.
Maybe the owner will then be more cooperative with you on something else.
Is an eviction for personal use even allowed?
Where has the owner been living until now?
Do some research online and find out in which cases an eviction for personal use is not permitted; this is actually quite common. For example, if she owns another suitable property or something similar, there are several possibilities.
If it is allowed, I would tell her: $2000 or it will take me a very, very long time to find a new place, and the money for rent is currently very tight.
I really dislike situations like this, where the landlord is forced to remove a worn-out kitchen and then suffers harassment for years afterward.
Now you have the upper hand; don’t let her fool you.
Where has the owner been living until now?
Do some research online and find out in which cases an eviction for personal use is not permitted; this is actually quite common. For example, if she owns another suitable property or something similar, there are several possibilities.
If it is allowed, I would tell her: $2000 or it will take me a very, very long time to find a new place, and the money for rent is currently very tight.
I really dislike situations like this, where the landlord is forced to remove a worn-out kitchen and then suffers harassment for years afterward.
Now you have the upper hand; don’t let her fool you.
DieScholz´ens16 Aug 2018 08:24Hello,
The post is already 2-3 weeks old and maybe everything is settled by now, but I would give the old and new owner a price (flat rate $1500 negotiable; if she negotiates, the kitchen stays for $1000 and that’s that, no stress for you). She will never, ever get a new kitchen that quickly.
And if not, nice photos, a fruit basket, some flowers, and then put it in the classifieds — there’s always, really always, someone interested.
Best regards, Claudia
The post is already 2-3 weeks old and maybe everything is settled by now, but I would give the old and new owner a price (flat rate $1500 negotiable; if she negotiates, the kitchen stays for $1000 and that’s that, no stress for you). She will never, ever get a new kitchen that quickly.
And if not, nice photos, a fruit basket, some flowers, and then put it in the classifieds — there’s always, really always, someone interested.
Best regards, Claudia
E
echidna7527 Sep 2018 13:22Hello Marvin,
the condition of the kitchen can still be very good, especially if your mom took good care of it. It’s nonsense to say it can’t be worth anything anymore.
Insurers usually calculate depreciation like this: 24% loss in value in the first year, then 2.5% each following year.
On top of that, you can add about 50%, which is generally accepted by courts if the buyer complains afterward.
The basic rule is: what you see is what you get, and nobody has to buy if they don’t like it.
So the kitchen can definitely still be worth around 70% of its original value.
the condition of the kitchen can still be very good, especially if your mom took good care of it. It’s nonsense to say it can’t be worth anything anymore.
Insurers usually calculate depreciation like this: 24% loss in value in the first year, then 2.5% each following year.
On top of that, you can add about 50%, which is generally accepted by courts if the buyer complains afterward.
The basic rule is: what you see is what you get, and nobody has to buy if they don’t like it.
So the kitchen can definitely still be worth around 70% of its original value.
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