When selling a home, you have the option to either replace an old, faded, worn or musty carpet or offer the buyer a carpet allowance. This allowance is a certain amount of money that the buyer can use to get new carpeting.
Before deciding between recarpeting vs. carpet allowance, there are a few things to consider:
- A carpet allowance could hurt your chances of selling your home. Buyers might be much less willing to buy a home that comes with an old or dirty carpet. Also, the allowance you offer might not seem like enough to cover the cost of new carpeting, depending on the buyer’s expectations.
- Recarpeting will cost you money, but not necessarily as much as you think. You don’t have to go with a high-end carpet in order to impress buyers. Stick with a good quality yet cost-effective one in a neutral color instead. You don’t want to spend too much, since there’s no guarantee that the buyer will keep that carpeting around anyway.
- You can save money on recarpeting by pulling up the old carpet on your own. Just make sure to leave the wood strips around the edges of the room alone to make it easier for the new carpet to be installed.
- If you go with new carpeting, also get new padding. The padding in your home can absorb unpleasant odors that linger. This means spending more money on the recarpeting process, but it pays off when you’re able to sell your home quicker and for better money.
In the recarpeting vs. carpet allowance debate, recarpeting is clearly the better option. Keep this in mind as you’re getting your home ready for the market.
Need more help preparing your house for the market? Contact me at 719-684-4121.
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