Can worn out carpet adversly affect the appraisel?

Asked by Rick, Live Oak, CA Thu Oct 6, 2011

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Rudy McDowell, Mortgage Broker Or Lender, Bloomfield Hills, MI
Tue Oct 18, 2011
Hi, Rick. Short answer: Unless the carpet is actually damaged (i.e. ripped or missing) typically no.
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John Arendsen, Agent, Leucadia, CA
Mon Oct 17, 2011
Any blem be it interior, exterior, structural, functional will detract from the value. It can place the seller in more of a position of weakness as it will become a contingency issue ant you will pay one way or the other. Most of the time it's a value added if you replace the carpet.
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Scott Godzyk, Agent, Manchester, NH
Thu Oct 6, 2011
Rick it certainly could if it needs replacing, if it is fha the carpet can not be worn, torn or stained and would have to be replaced. on a conventional appraisal they could deduct for teh cost to replace the carpet. The amount would depend on the size of the room and amount of carpet to be replaced.
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George Raymo…, Mortgage Broker Or Lender, Fort Worth, TX
Thu Oct 6, 2011
Usually the appraiser notes the report or makes the value subject to a specific repair or just makes a comment that the carpet is dirty or soiled. If the carpet is destroyed where there are areas that the carpet has excessive wear and it could be construed as a health or safety issue, the underwriter can require it replaced. If it's a conventional appraisal, most generally it would not have a significant effect on value knowing the buyer is buying it as it, or the appraisal could estimate the cost to replace the carpet. If you are wanting to finance using either a FHA,USDA, or VA home loan, I have seen the underwriter require the carpet replaced unless it had areas that the cement floor was exposed. If you are selling your home, be prepared as the buyer may request the carpet be replaced.
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Bill Eckler, Agent, Venice, FL
Thu Oct 6, 2011

Generally, the appraiser will compare similar property from the same location and their recent sale prices to arrive at a value range. The basic condition of the home is a consideration but the specifics such as paint, flooring, landscaping etc are minor factors with minimal consequences.

Good luck,

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Phil Rotondo, Agent, Melbourne, FL
Thu Oct 6, 2011
On a "drive-by" the answer is no.
On a walk-thru the effect would not be substantial at all.
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