Wall-to-Wall Carpet Doesn't Always Add Value To a Home

Discussion in 'Carpet Q&A' started by Jim McClain, Feb 20, 2011.

  1. Daris Mulkin

    Daris Mulkin The One and Only Charter Member I Support TFP Senior Member

    To bad they don't live here. One of the carpet stores here in town is running a deal that they want the ugliest shag carpet from the 70's and the owner could recieve up to $1600 of free carpet.

    Daris
     
  2. polestretch

    polestretch Senior Member

    The problem was the carpet still looked brand new after 49 years, it wasn't ugly, but it was RED
     
  3. ortiz34

    ortiz34 2nd generation Senior Member

    Yeah, and TODAYS real estate market isn't about ROI it's about selling and selling fairly quick.
    Time is money, and I realize the article is about how you might not get your money back, but if the carpet is ugly/worn/whatever than replacing it with base grade to clean it up WILL help you sell the house. If people want to sit in their houses and wonder why after 6 months they got no bites, then that's their own issue.

    I carpet houses ALL THE TIME to clean them up for a sale, in fact we are very close with alot of great realtors in the area who we give leads to for listings and in turn they go into these houses or houses they already have and make sure they come see us if there are floors in the home that need a spruce up before putting on the market. It's a win/win
     
  4. Daris Mulkin

    Daris Mulkin The One and Only Charter Member I Support TFP Senior Member

    There was just an article on MSN I think that said just clean it and make it presentable.

    Daris
     
  5. stullis

    stullis Charter Member Senior Member

    Some people maybe but many others look at it and see an opportunity to pay less for the home. Fixer uppers are all the rage. :)

    Also if you are going to put just spruce the place up with cheap carpet why not do something that is going to make the house standout a bit from the rest of the ho hum houses on the market? That would surely help sell the house quicker and perhaps for even more $$$. :)
     
  6. Nate Hall

    Nate Hall Types With toes Senior Member Published

    I have some RED SHAG from a take-up I did in the eighties. The yarns are as big as my pinky finger! The whole house was red shag! We were installing a biege berber, so the place could be sold by a house-flipper. I collect old shag carpets. Probably because it drives my wife nuts. " GET THAT SH*T OUT OF THE GARAGE!" :mad: "But, honey, it'll be valuable some day" :p
     
  7. FlooringGirl

    FlooringGirl Senior Member

    But, I have the ability to make a house stand out with new, inexpensive carpet.:D Really, there is a difference between expense and perception of expense.

    Tia
     
  8. The Flooring Girl

    The Flooring Girl Pro Member

    This topic is often confusing to people as it relates to whether it is a capital improvement vs. whether it provides incremental value.

    Technically, no carpeting is not considered a capital improvement (and the tax laws validate that). It is considered a maintenance/repair item (as is sanding & refinishing hardwood and painting). HOWEVER, if your carpet is in bad condition and smells, it will REDUCE the value of your home and it will often delay the sale of your home if it's a major detractor (especially if there are odors).

    So, if you don't replace the carpet, you will usually get a lower price for your home vs. if you replace it, you may be able to capture the true value of your home. Often, buyers, will discount the cost of replacing the carpet at a much higher price than it actually costs to replace it due both to they think it costs more and also for the inconvenience it creates for them (the fact that they now need to find a contractor to do this, it may delay when they can move in and they need to pay actual cash for it now vs. a mortgage which is amortized over time).

    It's important to look at the actual cost of replacing the carpet vs. the lower value of the house without it, as well as factor in that it may take longer to sell your home if you do nothing.
    Debbie Gartner
     
  9. Kal

    Kal Pro Member


    A lot of folks selling their homes are competing in the market.

    Rest assured if all things being equal, the cleanest looking home will sell first.
     
  10. polestretch

    polestretch Senior Member

    I will disagree! The best priced house will always sell first!;) No matter how clean or dirty!
     
  11. Jim McClain

    Jim McClain Owner/Founder Administrator

    The article and ensuing discussion isn't about selling first, it's about home value, return on investment.
     
  12. Kal

    Kal Pro Member

    Then selling dirty homes might be your gig. Mine is to showcase homes for the client period!
     
  13. Jim McClain

    Jim McClain Owner/Founder Administrator

    Easy now. Pole's been around TFP for about 4 years now and in all his nearly 2,000 posts, hasn't once mentioned being a home seller. He was merely bringing up a salient point based on what he has seen. I think he's as much the craftsman as anyone here and also has a hand in bringing homes up to showcase quality, whether that is to aide in selling it or living in it.

    Jim
     
  14. Mike Antonetti

    Mike Antonetti I Support TFP Senior Member


    My wife sells top to bottom, here in Florida with all the foreclosures and short sales either you can vision how the home will look or you need to have it done for you. A lot of people are ripping out carpet and putting hardwood down, even ceramic tile they're removing for hardwood. The bedrooms are also at risk but we've left some carpet for Stanley steemer.
     
  15. Kal

    Kal Pro Member

    Hi Jim,

    If you read between the lines, I mentioned "all things being equal" which also means the price and therefore the "cleanest" home will sell first.

    I do a lot of home preps since I do nothing but repairs and stretching for almost 40 years now.
    Also I was voted Ottawa's Best Carpet Cleaner by "A" Channel local television viewers (BTW- I hate carpet cleaning but there are sooo many poor quality carpet cleaners out there and I just provided that service for that client that wants a carpet that is restored to that "as good as new" look) and when I see carpets that are soiled, walls that have old paint and that dirty look to them, bathroom and kitchen floors that looks like it wasn't looked after - "all things being equal, the cleanest home will usually be the front runner" when it comes down to a choice in a sale of a home.


    If you talk to home stagers which is another area that real estate agents use to help prospective buyers open their imagination to what their home could look like with them in it. They'll focus on polishing up that look, pretty much in the same way as a car will sell clean as opposed to a dirty one.

    So I stand by that mantra of a clean home will sell first. It's what I tell all my customers.

    If you have a dirty home for sale - there are lot of people that will walk out as soon as they enter the home, how does that equate to maintaining an investment? I think you would lose money on the offer.

    This is a topic close to my heart - I deal with it almost everyday during the home buyers and sellers season.

    Yesterday a client asks me to simply fix a dog chewed corner of a step and she is selling her home, it's a nice area and I know what the homes look like for sale on the inside and I had this discussion with her about prepping her home. She is my client and I want her to succeed in selling her home and so I talked to her about cleaning her carpets, but at the same time she didn't need my quality of restorative cleaning. It just needs to look clean for the next 6 months while the house is on sale.

    Unfortunately she already had them cleaned by someone 4 months ago. Obviously - "all things being equal" the carpet cleaner did a very poor job - my 13 year old would have done better (and I am not kidding - I once had to go pick up some supplies and left my 13 year old on a job to clean carpets in a mansion - no joke, I looked my customer in the eye and told them don't let my son's age fool you, he has been working on carpet cleaning for the past 4 years and I promise you he is better than the best out there because I trained him - It makes me so proud when I see he has turned the machine off but before he does that he places a clean terry cloth towel on the carpet and then places the machine's nozzle on that cloth so no "dirty" droplets of water will fall onto the carpet and reappear the very next day).

    My point is cleanliness is very important to me when it comes to serving my clients and helping them with simple advice on why they should have a clean home for sale.

    - "all things being equal" I want them to sell their clean home first.
     
    Last edited: Jun 20, 2014
  16. Jim McClain

    Jim McClain Owner/Founder Administrator

    I read that and it wasn't between the lines. You meant, clearly, if 2 identical homes in identical neighborhoods, priced exactly the same and the only thing separating them was that one is clean, the other not, then the clean home would sell first. I agree with that.
    Pole may have taken the context out of the "equation" by saying one home was priced differently than the other - that ain't all things being equal.
    But it didn't deserve this snide little comment:
    You don't have to read between the lines for any of that. Your comment was uncalled for and that is why I posted my message.

    Jim
     
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