I am trying to stay away from buying properties with carpeting.
Does that make sense?
I will take it into account if the deal is good, but my mind set is that carpet will cost me money every time the unit is turned over.
I figure wood floors/laminate will be easier to manage in the long run.
Well...I suppose it depends on the level of your rental and the type of tenants you're attracting. Damaged hardwood &/or laminate is going to be much more expensive to replace than contractor grade carpeting.
Having carpet cleaned isn't that expensive. I can have about 1/2 of my 2800 sq ft house cleaned for around $160.
If I were going to do hard surface flooring in a rental, I'm probably going to do ceramic. I've absolutely fallen in love (for rentals) with the ceramic that looks like hand-scraped hardwood. My 2nd option would be the resilient flooring strips that look like hardwood.
I agree with Hattie that going without carpet may not always be cheaper however I hate carpet. I have 4 units now and immediately ripped out all of the carpet in each and have installed hardwood, laminate and/or tile. I've mentioned this as I am showing the properties to prospective tenants and I have received am over whelming number of compliments on how disgusting carpet in rentals can be.
It would cost more to repair these floors however I keep my properties nice and look for tenants that will take care of it. These tenants are the ones that appreciate zero carpeting.
Carpet is disgusting. Look at it under a microscope sometime.
I've got still-usable carpeting in my SFR, but when it goes, I'll be replacing it with vinyl plank. I've heard lots of good things about it.
That said, carpet in bedrooms might still be an option - it doesn't get as much wear & people (around here, anyway) really like it.
I refuse to have carpet in any living space I personally occupy - you CANNOT get it clean. Ever. Ditto Richard's sentiment.
I also do not like carpet and use tile as much as possible. Be careful with laminate as it can get water damage easily from spilled cups/kids/pets and tenants often use the wrong cleaners on it which can ruin the look in less than a year. If you get mad after new carpet is dirty after a year wait until you see that $2000 laminate job ruined. Leave a bottle of laminate wood cleaner when you get new tenants and let them know that only that type of product can be used to clean the floors.
I prefer a house without carpet but I'll still buy one that has it since the cost to replace it with laminate or paint the hardwood underneath is pretty low and requires less maintenance
I will usually leave the carpet there until it is destroyed which is usually after 1 or 2 tenants
Don't sweat the small stuff! There are always deal$ on many types of flooring out there that will make your numbers work for you.
Who cares if it has carpet in it when you buy it? Flooring is just part of the rehab cost like anything else.
I don't put carpet in but it doesn't stop me from buying properties that already have carpet. If I can get one tenant out of the existing carpet then great but if not I'll go ahead and put something like Allure vinyl plank flooring in that's pretty much indestructible.
I wouldn't not buy a place just because it has carpet, particularly if it is in good shape. You can always replace it with something else after your first or second turn over. That will give you time to save for your new flooring rather than paying it all up front.
I would buy it if it has carpet if there is room in the budget to replace, BUT make sure you take floor vents out and look to see what is under the carpet...if there is asbestos tile your going to need to spend big bucks to remove it properly.
We do plan to put try vinyl plank in the next rental when the carpet needs replacing. We plan to just paint or stain the stairs when the carpet comes off of them instead of putting the plank on the stairs.
also when you look under the furnace vent check out the subfloor..... you could have particle board under there. If there is make sure to figure that in price... it needs to come up if anything but carpet is going back in
Thank you to everyone for your responses.
This type of help is what makes BP so amazing!
One of my units is currently turning over. The upstairs carpets are in good shape, but the down stairs carpets are in rough shape & need to be replaced. I think I am going to bite the bullet & go with tile that looks like hardwood on the lower level. Tile seems to be very durable & should save me money in the long run. Looks like it will be about $175/sqft plus installation. Fortunately, its on a slab, so installation should be fairly simple.
I am currently updating my rental units to the manufactured floating wood floors and/or ceramic. These floors outlast carpet, are easier to clean, and are cheaper (in the long term) than carpeting.
I do all of the installation myself so I do save additional $ in the long run. For example, I am laying this weekend 600 sqft of manufactured wood flooring for about $900. It will outlast carpeting and is cheaper to install.
Nice Dan. Thank you for the input.
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing