6 tips for saving money on major home appliances

Category: Housing

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If you’ve decided to finally upgrade some of those older home appliances, or you just bought your first home and it’s a little bare, it may be challenging to find what you need without going over budget. Major home appliances, after all, can be pretty pricy. But with some strategic shopping and planning, you can save substantially on your next home appliance purchase:

Ask the seller

If you’re still in the process of buying a home, you may come across a lot of homes for sale that don’t come with many (or any) major home appliances. If money is tight enough as it is, or you simply don’t want to deal with purchasing your own appliances, ask the sellers of homes you’re seriously interested in if they are willing to include any appliances with the sale of the home. If they aren’t wiling to budge much on the sale price of the actual home, ask about including the appliances as a compromise. Some sellers will be open to this—not only does it mean fewer large items for them to move, but if it means sealing the deal, it’s often a small price to pay.

Shop during the right times

There’s almost always a holiday weekend right around the corner, so if you’re not too far out from a holiday and you need an appliance, try to wait it out. The days leading up to Labor Day, Memorial Day, Independence Day, Thanksgiving, and Christmas are all good times of the year to shop for major home appliances, as this is when most retailers will have some of their biggest sales.

Opt for open box items or floor models

If you’re open to the idea of buying home appliances that are not brand new and right out of the packaging, consider open box items or floor models. Floor models are rarely used, and while they may show some very minor cosmetic wear from being on display, they usually function just as well as brand new appliances. Open box items are products that were returned by customers, and as long as they are marked as open box (rather than refurbished), there is nothing wrong with them at all. Often, these open box items were never even used, and you can save a lot of money as a result. As you’re shopping for your home appliances, ask a salesperson if there are any available floor models or open box items for sale.

Buy energy efficient models

Energy efficient models may cost a little more upfront, but you’ll usually recoup those extra costs in no time. Because these types of appliances will use less energy, you’ll have lower utility bills as a result. Also, when tax season rolls around and it’s time to file, you may qualify for tax credits.

Purchase used

Although floor models and open box items can save you money, purchasing appliances that have been used can save you a lot more. Just make sure that they’re gently used and still in decent condition, and only opt for used models if the deal is too good to pass up, because it can be difficult to know for sure just what kind of condition they’re in. Newspaper ads, smaller hardware and home stores, and yard sales are all good places to start.

Make an offer

Negotiating isn’t always an option, and some retailers set their prices in stone. But if you’re shopping at a smaller store or buying a used item from someone else, it doesn’t hurt to throw out a lower number and try to settle on a better price.

Are you receiving long-term payments from an annuity or structured settlement? If you’re tired of waiting for your payments to arrive, and you need your money sooner, Peachtree Financial Solutions may be able to help. Contact Peachtree Financial Solutions today to learn more about selling some or all of your future payments for a lump sum of cash.

 

Nothing above is meant to provide financial, tax, or legal advice. You should meet with appropriate professionals for such services.

Tags: bargain shopping, energy efficiency, large purchases, negotiating, open box items, shopping

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