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Does re-carpeting the entire house count as a home improvement as defined by a home equity loan?

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2 Replies
RobertB4444
Expert Alumni

Does re-carpeting the entire house count as a home improvement as defined by a home equity loan?

Re-flooring your entire home certainly qualifies as home improvement.  

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Carl
Level 15

Does re-carpeting the entire house count as a home improvement as defined by a home equity loan?

Yes. It gets depreciated over 5 years. See IRS Publication 946 page 29. Carpet has a designated class life of 5 years.

 

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