Increased price for high end appliances
loveumms
9 years ago
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weissman
9 years agolast modified: 9 years agoRelated Discussions
high end appliances in a new build
Comments (7)Which resort ? That can make a huge diff. too $1.5m at Keystone or Big Sky is high cotton. 1.5m in Deer Valley or Aspen is low rent / slummin it, so that detail matters, and influences what "other people" might at purchase time. If you are living there a significant portion of the year - get what you want and are comfortable spending on. You'll drive yourself crazy trying to game the market for resale. Even the professionals can't and won't give you a pat answer on what to put in there for that. Besides, it's almost a certainty that you will not recoup the xtra spend on luxury appliances / finishes now when you go to sell in 3,5, 10 years. They may make it easier for you to sell faster though. The main draw is that you stack the odds in your favor to not have to replace stuff during ownership AND you'll get greater satisfaction of use and ownership now. As a sheer financial play, it makes little sense....See Morehigh end appliances in a new build
Comments (9)"As I price things out, I could wind up with a 100k kitchen, once I factor in high end appliances, cabinets, counters, flooring and sinks and faucets. It seems over the top and I'm wondering what other people did in similar situations and if they were happy with their decision." There are several ways to minimize the cost of the kitchen without "cheaping out" on the house. And unless you are running with a really snooty crowd, they won't care that your faucet isn't gold plated and that your omelettes are cooked on a GE and not a LaCanche. Really think through the layout so you have an easy to work in space. Impress people with the workability, not the cost. Learn to spec out your requirements first ... move from general to specific, and think in terms of overall "look and feel" and function rather than a bucket list of "must have because it's high end" things. Remember that an "inspiration picture" is just for inspiration, not a shopping list. 1 - Decrease the size of the kitchen. Instead of a huge kitchen full of high-end cabinets to hold everything, have a smaller one with adequate prep and cooking space, enough cabinetry to store the cooking gear and spices and breakfast cereal and a moderate size refrigerator/freezer for the daily stuff like milk and eggs. Have an adjacent pantry for storage, and another refrigerator and a full-size freezer so you can stock up. But this area is not "on show", so varnished pine open shelving will do just fine at a fraction of the cost, and the appliances can be any decent brand. 2 - For appliances, think function instead of brand aura ... If you need a range with a center griddle, get the one that works the best for you, not the one in all the magazines. 3 - Go simple ... skip the ogee edges, the mocha glazing and stuff. It adds cost without adding to the usability. 4 - Check all price points for the style you want. Yes, it's true that labor will cost the same for $2/sf tile as $20/sf tile ... but as long as the lower priced tile fits the rest of your requirements and looks good, use it! 5 - Ski resorts appreciate offbeat things and imagination: Use recycled and upcycled things, like this kitchen storage wall made of various old storage units....See MorePrice ranges on high end appliances...?
Comments (3)Bought my whole Electrolux Icon Professional kitchen online and, despite URMP, saved over $4,000 and also negotiated for freebies (free shipping, garbage disposal etc). I got quotes from various sites, saw who listed which item for less and had sellers compete for my business. Love the appliances. I am one happy camper!...See MoreYear-end sales and high end appliances?
Comments (25)Harry - I DO get it. Expansion and growth are a rarity in a flat or down ecomnomy, even for the Ultra Wealthy. You must have made a fine professor, as you have macro economics down pat. I DO get it, the net worth of the majority of the world's wealthiest people is down, so is the majority of everyone's. Does this mean they flee to a financial bunker and stop spending? Heck no, some do , just like some of the merely rich do, just like some of the middle class does, and just like the everyone else. However, many are still out there doing things normally some are even bargain buying like never before: I didn't make up Rolls' or Gulfstream's #'s people are buying them! Even in a downturn big co.s are buying too: Delta just gobbled up Northwest and B of A just wrote a mega check for Merrill. Don't let the media persona of Buffet fool you. A few years back all he'd talk about was how flying commercial was the best thing to do and a private airplane was not smart. What's he do a bit later- buy a Gulfstream? No he buys an entire company full of private jets and keeps the largest Gulfstream there is on standby. Same with his home, his modest $200k +/- Omaha house is real enough, but what about his 15 million dollar place in SoCal that you don't hear about??? Same with his sob story about his secretary paying more INCOME tax than he does. That's because she MAKES MORE INCOME which is subject to income tax than he does. Think she pays more dividend income than he does? Who's AMT tax bill do you think is larger at year's end? Don't take the media's cookie cutter soundbites or eye candy as the absolute truth or big picture. Remember W.R. Hearst's contempt for the masses? "They'll belive what I tell them" Same is true in the media business today. He's an anomaly, the very wealthy spend trainloads of $$$ you just don't see or hear about it because the majority value privacy, anonimity, and their time above all else. DC - while I don't entirely disagree with the premise that the luxury goods sector is down as a whole like everything else, I do wonder about the sources of these stats? Some blogger from Orange Co. doesn't exactly instill confidence in me for the trends of the nation or world as a whole. I gave you 3 examples of rarely debated "luxury" items that have seen rises in sales during a weakening economy. I guess it boils down to what's going to be considered a luxury item and by whom. Does a $1000 Prada purse qualify, or is a luxury handbag more likely a Kelly Bag from Hermes at well into 5 figures these days? I don't think BMW qualifies anymore these days, but they are always included in "luxury car" rankings and catagories by most auto professionals. Another point I'd like to make that I think few around here get or agree with is that companies making luxury or high end goods don't rush to lower prices at the first signs of a downturn. Some not even after many quarters of neg. results , and some not ever. It defeats the purpose of positioning an item or company as "luxury" or " high end" if you are going to start charging lower prices because sales drop. You either create more demand or a better value proposition or you deal with flat or no growth for a while till you figure it out. Some don't and they fold. Businessmen with any seasoning and experience accept that slaes go up and down just like stock prices and comodity prices. They hope that the broader trend is a rise in the metrics that they use to manage and measure their business. So , don't count on a cut rate deal from Sub Zero , Viking or Meile in the frist part of next year or even at all. Long before they consider lower prices you'll see "incentives" like fridge, oven and cooktop full price DW at 25% off or Viking will throw in a set of their knives when you buy theri range. Miele might extend their warranty another couple of years but I'll bet the farm you won't see a sale from a German firm....See Morejoc6820
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