What Happens If You Spend Carpet Allowance On Something Else

Thats a very good point.

What happens if you spend carpet allowance on something else.

In my opinion this is not the best plan. Payment at closing makes installing new carpet less stressful when you don t have to pay out of pocket right away. If you know the roof is near the end of its life or the furnace breaks from time to time let it be known upfront because rarely can you sneak something past the buyer. My aunt uncle own a carpet store and they said for me to expect to spend about 60sf 5 40sy on carpet labor 2 00 4 00sf 18 00 36 00sy on carpet good to uppper grades not basic and not highest end either plus you will also have the cost of the pad and the sales tax.

Many home buyer s ask for anywhere from 3 50 5 per sqft on average that is over double the price of what it. If you give them a 40 sy allowance and they spend 50 sy do they realize that the extra 10 sy is on the total sf of material you need to purchase. Buyer s typically ask for much more than 1 99 per sqft for their carpet allowance. This way you can address any issues and make the inspection report available to buyers.

I give allowances but never for per sq ft of tile or per yard of carpet. Carpet allowance makes about as much cents as telling the renter to have the carpet cleaned before they move in. For example if you re including a material allowance for carpets let them know the allowance assumes carpeting at 50 square yard and they ll need 12 square yards. You might even go as far as having your property inspected before listing the home.

Most of the time the sellers tell me they just want to offer a carpet allowance when they list their home. If you ve asked enough questions you should be able to get within 5 of their final selection. Why not carpet allowance. How many days on market do you think that took the landlord to lease a dirty worn out smelly carpet.