The Best Appliances for Your Rental Property & the Labor Day Sales to Match
It’s not a secret: upgraded appliances attract quality, long-term clients and command higher rents. But the investment in appliances doesn’t come cheap. So, before you upgrade your appliances, we have put together a list of the ones that will bring the most value to your property. And we’ve paired them with the Labor Day Sales to match.
We also shed some insight on how to protect yourself in your lease agreement when it comes to maintaining them. If you would like a free rental agreement audit, contact firstname.lastname@example.org
Stoves and refrigerators are the top two appliances necessary to making your investment property truly habitable. It may depend on your hookup if you choose gas versus an electric stove but gas stoves are generally more expensive and come with the carbon monoxide risk. Apartment complexes tend to have electric stoves so tenants pay one electric bill instead of a separate gas bill. However, most people prefer to cook with gas and higher-end tenants may find that option incredibly appealing.
Stainless steel refrigerators with ice makers are the king of attracting tenants and upping the rent. But we will say that it's better to match appliances then have your refrigerator stick out. Faux stainless steel refrigerators may also be more stain resistant. Ensure that your space has room for the refrigerator and freezer doors to swing open prior to wedging it between counters.
If there is space, a standard-sized dishwasher is best. But in small spaces, you may want to go compact. Look for a dishwasher that has an Energy Star on it to save you money on your electricity bill. You may also want to invest in a dishwasher with a garbage disposal or risk regular maintenance calls to clean the filter.
WASHER & DRYER
It is a major selling point for a washer & dryer to be included in the rental property. It saves money for renters and they value the convenience. However, it may be more expensive for landlords and takes regular maintenance. It might be worth the risk for landlords though as research shows that tenants are willing to be 20% more in rent for a unit with a washer and dryer.
ADDING APPLIANCES TO YOUR LEASE AGREEMENT
Your lease agreement should clearly outline how issues with appliances will be handled and who will maintain them. Lease agreements should specify that the tenant is responsible for tenant-caused damage and neglect. It should also state that the owner has the option to repair, replace, or remove appliances if they cease to function. This gives landlords more flexibility in making decisions about how to deal with maintaining appliances.
LABOR DAY SALES:
Appliances Connection: Save up to 40% on Labor Day sales. Get up to $1,200 off Frigidaire Professional. Save up to $600 and 15% when you buy three or more eligible Samsung appliances or up to $600 and 10% when you buy eligible kitchen or laundry LG appliances.
Best Buy: Featured refrigerators as low as $529.99. Save an extra 15% on a select Samsung appliance package with Bespoke refrigerator. Save up to $800 on select KitchenAid appliance packages.
GE Appliances: Save up to 30% on select small appliances, and save up to 25% on select major appliances.
KitchenAid: Get up to $567 off select ranges, up to $467 off select refrigerators, up to $383 off cooktops, and up to $381 off microwaves.
Lowe’s: Save on select major appliances, with hundreds off Whirlpool, GE, Samsung, and Maytag machines.
Overstock: Take up to 70% off select appliances, including coffee makers, toaster ovens, food processors, and more.
Samsung: Get up to $1,300 off select Bespoke refrigerators, and $700 off other select refrigerators. Get up to 35% off washers and dryers, up to $170 off select dishwashers, and up to $420 off select slide-in ranges. You can also save up to $100 off on Jet Stick Vacuums.
Target: Save hundreds on select kitchen appliances, including coffee machines, air fryers, mini refrigerators, and more.
The Home Depot: Save more than $1,000 on brands like KitchenAid, Cafe, GE, and Zline.
Walmart: Take $100 off and more on select kitchen appliances, including air fryers, microwaves, stand mixers, griddles, and more.
Wayfair: Save hundreds on select GE, LG, and Zline appliances, including dishwashers, ranges, laundry machines, and refrigerators.
Source for Sales: https://www.bobvila.com/articles/best-labor-day-appliance-sales-2022/