Carpet of vinyl for appraisal purposes!

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Carpet of vinyl for appraisal purposes!

Taylor HoldenPro Member
Rental Property Investor · Bartlesville, OK · Member since 2019 · 52 posts · 24 votes

Hey all!

I'm just starting my first BRRRR.

I bought a great house from the foreclosure sale. It’s just cosmetically ugly. I was figuring on painting everything and laying all new floors as it has some ugly blue 80’s carpet in it.

I had another more seasoned investor come look at the property with me. He's never BRRRR'd so as he see it's the house is already fit for a renter.

I personally want to get the highest appraisal possible.

He told me that everything that was already ugly carpet would get me a higher appraisal if I redid that with nicer carpet rather then peel and stick vinyl wood style flooring.

I was wanting to lay peel and stick throughout the house but he says that that wouldn’t give me a higher appraisal and that nice carpet would.

So BP world what have you found? I want this property to be tenant proof yet I don’t like doing things twice.

Which will get me a higher appraisal?

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Satyam Mistry
Investor · Omaha, NE · Member since 2019 · 130 posts · 139 votes
6y

@Taylor Holden Hello Taylor, LVP luxury vinyl plank flooring is going to be a much better long term solution to flooring than carpet. It is waterproof, scratch proof, durable, & easier to clean in between tenants. It also looks much nicer which can help in attracting better tenants and charging little more in rent. 

An appraiser should know the value of LVP over carpet, but make sure you do select a quality LVP and not just the cheapest one available. You can also provide the appraiser a list of improvements you have made to the property for reference. I use the Authentic Plank product from Southwind which is an 8mm thick plank and does not require an underlayment. I took pair of keys and would scratch the sample pieces I had to see how resistant they were. These types of durable LVP flooring come with lifetime residential warranties. If doing LVP throughout the home you could consider using carpet just in the bedrooms depending on personal preference. 

This has been a very common discussion on BP & you will find nearly all investors will choose to go with LVP flooring over carpet. It will cost about 2.5 times more on material as well as install, but something that will look nice & last you many years to come.

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  • Satyam Mistry
    Investor · Omaha, NE · Member since 2019 · 130 posts · 139 votes
    6y

    @Taylor Holden Hello Taylor, LVP luxury vinyl plank flooring is going to be a much better long term solution to flooring than carpet. It is waterproof, scratch proof, durable, & easier to clean in between tenants. It also looks much nicer which can help in attracting better tenants and charging little more in rent. 

    An appraiser should know the value of LVP over carpet, but make sure you do select a quality LVP and not just the cheapest one available. You can also provide the appraiser a list of improvements you have made to the property for reference. I use the Authentic Plank product from Southwind which is an 8mm thick plank and does not require an underlayment. I took pair of keys and would scratch the sample pieces I had to see how resistant they were. These types of durable LVP flooring come with lifetime residential warranties. If doing LVP throughout the home you could consider using carpet just in the bedrooms depending on personal preference. 

    This has been a very common discussion on BP & you will find nearly all investors will choose to go with LVP flooring over carpet. It will cost about 2.5 times more on material as well as install, but something that will look nice & last you many years to come.

    1Reply
  • Taylor HoldenPro Member
    OP
    Rental Property Investor · Bartlesville, OK · Member since 2019 · 52 posts · 24 votes
    6y

    My thinking was exactly the same as yours. I’d much rather have LVP then carpet. I was just blown away by a much more experienced investor telling me it would lower appraisal rather then raise it. 

    1Reply
  • Porsha Fross
    Member since 2023 · 35 posts · 10 votes
    2y
    Quote from @Satyam Mistry:

    @Taylor Holden Hello Taylor, LVP luxury vinyl plank flooring is going to be a much better long term solution to flooring than carpet. It is waterproof, scratch proof, durable, & easier to clean in between tenants. It also looks much nicer which can help in attracting better tenants and charging little more in rent. 

    An appraiser should know the value of LVP over carpet, but make sure you do select a quality LVP and not just the cheapest one available. You can also provide the appraiser a list of improvements you have made to the property for reference. I use the Authentic Plank product from Southwind which is an 8mm thick plank and does not require an underlayment. I took pair of keys and would scratch the sample pieces I had to see how resistant they were. These types of durable LVP flooring come with lifetime residential warranties. If doing LVP throughout the home you could consider using carpet just in the bedrooms depending on personal preference. 

    This has been a very common discussion on BP & you will find nearly all investors will choose to go with LVP flooring over carpet. It will cost about 2.5 times more on material as well as install, but something that will look nice & last you many years to come.

     @Satyam Mistry is this the LVP product you still recommend? I’m looking to purchase a product to use on the entire flooring of the property including bathrooms and kitchen. So, I wanted to know if it’s held up or if you recommend something else. Thanks!

    1Reply
  • Satyam Mistry
    Investor · Omaha, NE · Member since 2019 · 130 posts · 139 votes
    2y

    @Porsha Fross I still use LVP, but have switched to products from LL Flooring. I look for something that is around 6mm in thickness and has a wear layer of around 20 mil.

    1Reply
  • Jake BakerBusiness Member
    Flipper/Rehabber · San Diego, CA · Member since 2020 · 1k+ posts · 696 votes
    2y

    @Tyler Condon 

    I agree that LVP was help with ARV more than carpet. You put carpet in the bedrooms to save money. LVP in the living areas and hallways just feels way better. Tenants tend to treat carpet fairly well in the bedrooms in my experience - less foot traffic.

    Things that drive the ARV the most - roof, plumbing, flooring, paint

    Things that don't drive ARV as much - windows, landscaping, driveway

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