I’m rebuilding my kitchen. The current kitchen sucks and I hate it, so it’s a no-brainer and I’m lucky enough to have cash-in-hand (and grease-in-elbow) right now to do it.
Now I’m not so vain that I’m replacing the kitchen because it looks awful (even though it does) but it’s twofold – it doesn’t let me work efficiently, and the clincher: resale value.
So when we bought the place almost 3-years ago, we did some improvements to make it tolerable, which in retrospect were a waste. One of those improvements was replacing the original 1984 contractor-model freestanding range with a totally-awesome-dude slide in model, and it was muy expensivo (well, not a Viking, but to me it wasn’t cheap).
Now, though, I’m considering the virtues of a separate cook top and separate, dual wall-oven with microwave. Talking pure money today, the simple, cheap option is to keep my range. But (and vanity checking in here): it seems like upscale home kitchens always have a nice cook top and separate wall oven. Aside from weighing the little bit of vanity that I have against my inherent cheapness, I’ve reached an impasse, which is a nice segue into the heart of my question finally:
[ol]
[li]Is there a significant workspace advantage to having a wall oven with integral microwave? The microwave portion would be about the same height as the current over-the-stove microwave, but the advantage would be that it’s not over the stove. But what about the oven? I’m 6’2" and hate leaning into the range oven, so I guess there’d be some benefit to the higher elevation. I’ll confess, though, that I don’t use the oven a whole heck of lot; the Wagner is my choice when it comes to all manner of meat (yeah, even in February), and other oven use would be intermittent.[/li][li]Okay, point number 1 clearly points towards keeping the range (or please, feel free to persuade me otherwise if I’m wrong!). This point, though, regards resale value. I tend to think that the built-in look is kind of higher-class. Will this thing at least pay for its depreciated value in home values in say, 5 to 10 years (it’ll still be “like new” then). When my wife complains I won’t buy here a bedroom set but yet I’ll put on a new roof a few years early (having the money in hand), I always point out that if it’s something that’ll help the house value then it’s not a waste.[/li][/ol]
So please help me reach a decision! I’m really at an impasse here – spend the dough and call it an investment, or pocket the savings for 5% apy in my Interest Advantage account???