Housemates - Jointly purchased white goods

linzeloo

Any ideas on a fair wear & tear calculator or % value depreciation when kitchen appliances have been bought jointly in a houseshare?

Housemate is moving out and wants paying for their third of a 2 year old washing machine.

Many thanks

Guest101

Washing Machine is typically 5-10 years. Brand dependant. Lets say 8.


So the value has dropped 25%, so there is 75% left - so they are due 25% of the original cost.


But realistically, it could be a lot less if you bought a cheap make (which you should when buying jointly!)

juniordoc

Things like white goods could lose 1/4- 1/3 of their value the day after you buy them because they are then "second hand". From then on then a percentage of their lifespan would be a reasonable calculation.

E.g. £200 washing machine is worth £150 the day after you buy it, it then lost 1/4 of that resale value over the last 2 years and is now worth approx £110.

boliston

would depreciation be higher in year one due to the fact that it is no longer new? i know a car looses about quarter of its value the minute you drive it away from the showroom

eddddy

Is a new tenant coming in who will have use of the washing machine (i.e. effectively having a 1/3rd share in it)?

I guess there are many options, including...

Look on ebay to see what similar machines sell for.
- Give outgoing housemate a 1/3rd of it
- (Charge new housemate same amount for taking over a 1/3rd share???)

Or

Tell outgoing housemate to 'sell' their 1/3rd share to new housemate - for whatever price they can negotiate (maybe £0 if the new housemate isn't interested).

Guest101

juniordoc wrote: »

Things like white goods could lose 1/4- 1/3 of their value the day after you buy them because they are then "second hand". From then on then a percentage of their lifespan would be a reasonable calculation.

E.g. £200 washing machine is worth £150 the day after you buy it, it then lost 1/4 of that resale value over the last 2 years and is now worth approx £110.

Value isn't necessarily resale value.


I know what you're saying, but you're buying out the 'use' of the property. If a landlord supplied a washing machine and you broke it 24 hours later, the LL would be able to charge near enough 100% of the value.

MisterP123

Ask said house mate how much they'd be willing to pay for the 2/3rds they don't own. Then half it.

If they give a silly price, ask them to stump up and give them the washing machine.

ReadingTim

Take them to a British Heart Foundation charity shop where they sell electrical gadgets, white goods etc and tell them they can have a third of what they're selling for in there.

The remaining housemates should probably each get change from their £20 note...