Owners Turn to Appliance Upgrades to Boost Home Value Share

September 2, 2021

Three out of four homeowners would rather fix or replace appliances than accept a lower offer when selling their home, according to a new survey of about 1,000 consumers from Cinch Home Services, a home warranty company. They believe upgrading the appliances can add more value to their home, too.

On average, homeowners believe upgrading their home’s appliances will increase their home’s value by $13,668.

About half of homeowners surveyed say they plan to upgrade their current appliances before selling. They are prioritizing repairing or replacing the air conditioner, dishwasher, and water heater prior to listing their home for sale, the survey finds.

Source: “Should You Fix or Replace Broken Appliances?” Cinch Home Services (July 21, 2021)