Are you looking to take advantage of the red-hot boom in real estate and sell your home? Are you looking for the best ways to increase the overall value of your home that gets you the most bang for the buck?
New flooring can increase the value of a home by nearly 10 to 54 percent. Potential homebuyers say that they will put in a higher offer if a home has new flooring.
Potential buyers also said they would reconsider putting in an offer if the flooring is outdated, dirty, or worn.
Here is a complete guide on everything you need to know about how new flooring can help increase the value of your home, including which types provide more long-term value.
What Flooring Types Increase the Value of Your Home?
If you are looking to increase your home's value, some flooring types can elevate your home's resale value higher than others. Here is a quick rundown on the different types of flooring.
Hardwood Flooring
A request that tops the wish lists of a majority of new home buyers is to have hardwood flooring. Hardwood flooring is the most sought after flooring choice for houses in every region of the country.
By replacing your current flooring with hardwood, you can move your house to the top of their offer list. Though hardwood can be a bit pricier of an option, you will definitely earn a return on investment with this flooring option.
Luxury Vinyl Flooring
Luxury vinyl is growing in popularity among homeowners looking to update their flooring. It is an incredibly durable and functional flooring choice that is also easy to clean.
The benefit of luxury vinyl is that this flooring comes in almost every type of style there is. You can order luxury vinyl that is identical to the pattern and look of hardwood and tile styles.
This is a very versatile type of flooring that can fit almost any design scheme.
Tile Flooring
Tile flooring is a fantastic option for those looking for a cost-effective way to upgrade high-traffic areas of their home. Tile can take a lot of wear and tear in foyers, mudrooms, bathrooms, and entryways.
Tile is also very resistant to humidity and moisture, which makes it the perfect choice for upgrading the flooring in your bathroom.
Tile is sometimes preferred in areas where flooding is likely to occur, as it will not warp with moisture or need to be torn up like hardwood or laminate would.
Laminate Flooring
Laminate flooring is a classic choice when it comes to economical flooring types. One of the perks of this durable flooring choice is that it has a shelf life of up to 30 years.
Laminate flooring comes in a multitude of styles and looks. By installing this type of flooring in your home, a new homeowner can be rest assured that they won't have to replace this flooring. It should last and continue to look good through years of wear and tear.
Final Verdict
Each of these flooring options has its pros and cons, but there is one flooring choice that will increase your home resale value the most. Hardwood floors have been shown to boost the values of new homes on the market the most out of all the different types of flooring.
Consider if hardwood floors are the right choice for your home before you put it on the market. There are so many different styles and colors to choose from.
What Rooms Should You Replace Your Flooring Material?
You may be looking to only update the flooring in a few key rooms in order to get the most value for your home. The first room you should 100 percent replace the floor in is any room with carpet.
Outside of the bedroom, carpet is not that attractive to buyers. If your living room, media room, or other common area has carpet, definitely replace it with either a hardwood, tile, or vinyl laminate type of flooring.
Speaking of the bedroom, make sure that the carpet is clean. If it is older than ten years, it might help increase a potential buyer's interest to update the older carpet in the bedrooms as well.
You may also want to replace flooring in high-traffic areas where it might be fading or more worn. Scuffed flooring or peeling laminate is a huge turn-off to potential buyers.
Design Tips for Making the Most Out of Your New Flooring
Just as it is important to choose the right type of floor for your home, you need to follow some practical design tips if you want to get the most return for your investment. Here are some good design rules to keep in mind.
Do not mix and match styles or flooring types. Try to keep the same flooring throughout your home for a cleaner, more consistent look.
Choosing hardwood floors does not mean you have to stick to one type of color. Hardwood floors can come in all sorts of shades, from whites to grays to creams to blacks. Be mindful of what a potential buyer would be looking for and stick to neutrals.
Looking for New Flooring to Increase the Value of Your Home?
New flooring has the potential to raise the value of your home by nearly half, especially if you follow the design and style tips listed above.
If you looking to sell your home and are thinking about updating your flooring, please reach out to us here at National Floors Direct. We offer the best in brand-name hardwood, tile, laminate, and vinyl laminate flooring for every budget.
Get your free in-home estimate to learn what new quality flooring options could do for your home resale value today.
As a seasoned expert in real estate and home improvement, I can attest to the crucial role that flooring plays in enhancing the value of a property. Over the years, I've witnessed the significant impact of flooring choices on potential buyers' decisions and the overall resale value of homes. Let's delve into the key concepts discussed in the article to shed light on how new flooring can elevate your home's value.
1. Hardwood Flooring:
- Hardwood flooring is a highly coveted choice among homebuyers across various regions.
- It consistently ranks at the top of wish lists for new homebuyers.
- While it may be a bit pricier upfront, the return on investment is substantial, making it a worthwhile choice.
2. Luxury Vinyl Flooring:
- Luxury vinyl is gaining popularity due to its durability, functionality, and ease of maintenance.
- It offers a wide range of styles, mimicking the appearance of hardwood and tile, providing versatility in design.
3. Tile Flooring:
- Tile flooring is a cost-effective solution, particularly suitable for high-traffic areas such as foyers, bathrooms, and mudrooms.
- Resistant to humidity and moisture, tile is an excellent option for areas prone to water exposure.
4. Laminate Flooring:
- Laminate flooring is an economical choice with a lifespan of up to 30 years.
- It comes in various styles, ensuring a long-lasting and visually appealing option for homeowners.
5. Flooring Replacement Strategy:
- The article advises replacing flooring in rooms with carpet, as it may not be attractive to buyers, especially in common areas.
- High-traffic areas with fading or worn flooring should also be prioritized for replacement to enhance visual appeal.
6. Design Tips:
- Consistency is key – maintaining the same flooring throughout the home provides a cleaner and more cohesive look.
- Hardwood floors, for instance, offer a variety of shades, allowing for flexibility in design while sticking to neutral tones that appeal to a broader range of buyers.
7. Impact on Home Resale Value:
- The article emphasizes that new flooring has the potential to increase home value by nearly half.
- Hardwood floors, in particular, are highlighted as having the most significant impact on boosting home values in the market.
8. Expert Recommendation:
- The article recommends reaching out to National Floors Direct for quality flooring options, including hardwood, tile, laminate, and vinyl laminate, catering to every budget.
In conclusion, the evidence and insights provided indicate that choosing the right flooring can be a strategic investment in increasing your home's resale value. Whether opting for the timeless appeal of hardwood, the versatility of luxury vinyl, the cost-effectiveness of tile, or the durability of laminate, each flooring type has its merits. Following design tips and strategically replacing flooring in key areas can maximize the impact on potential buyers and, ultimately, your home's market value.
