Choosing Flooring that will Boost Your Home's Resale Value
When selling your home, you want to offer as much value as possible to potential buyers, and you want to put that value in the areas that matter most. One of the most impactful things you can do to increase your home's value and attract higher offers is to upgrade your flooring. Some experts believe it is the single most significant factor in your return on investment (ROI)*.Flooring matters tremendously when selling a home. It instantly influences the buyer's opinion of the house as they walk into every room, hallway, kitchen, and even exterior patio.Choosing the right floor, however, isn't always straightforward. It depends on several factors, such as your location, budget, and target market. Hardwood flooring is always in demand, but if you can't afford or justify hardwood, it may be wise to go for porcelain tile or engineered hardwood. Buyers will always be impressed with the combination of beautiful and durable. Middle-class families love the look, durability, and easy maintenance of laminate flooring, which you can purchase for a fraction of the cost of solid hardwood.Here is some more information on each flooring type to help you decide which is best for your home sale:
Installing hardwood flooring is one of the best investments you can make. It's durable, versatile, and most buyers love it. The average ROI for hardwood floor installation is about 70% to 80%, and wood floors can boost your home's sales price as much as 2.5%.Wood tends to be more expensive, but its value, beauty, and durability are very attractive to buyers and has the potential to get you the highest offers on your home.
Engineered hardwood flooring is a good option if you are looking to spend less without sacrificing too much quality or aesthetic. This hardwood laminate flooring is usually more affordable than hardwood but is still very durable. It comes in several styles, colors, and prices, so ROI varies.One of the main benefits of engineered hardwood is that it is resistant to moisture and does not require as much maintenance as hardwood. While some buyers may prefer the real stuff, engineered hardwood has its advantages and could be a smarter investment depending on your home price, target buyer, and remodeling budget.More Information on Hardwood and Engineered Hardwood Floors
Tile, Stone, and Marble Flooring
Wood may be king, but that doesn't mean it's always the best option for your home. For example, if you live in tropical climates like Florida, it may be best to avoid wood flooring since it's known to warp or grow mold in warm, humid air. Some homeowners decide to stick to tile, stone, and marble floors, and the ROI varies for each.
Since most of the cost of ceramic tile is spent on labor, its ROI is primarily determined by who installs it. You could save money by installing it yourself. However, if you don't have much experience installing tile, hiring a professional is a wise investment. It could be the difference between attracting buyers and not getting any offers.
Buyers who have done their research are particularly attracted to porcelain tile. It is denser and more durable than ceramic and holds its good looks for decades. It can catch the attention of savvy buyers looking for value.Because it is so valuable and durable, porcelain typically has a higher price tag, which will lower your ROI. Common remodeling projects that use porcelain, such as a bathroom remodel, bring an average ROI of 55%.
Premium stones like granite can be costly to install, but buyers may be willing to pay more for the quality.
Despite its good looks, marble's ROI is below 50%, which is on the lower end. Marble is beautiful and makes a sophisticated visual impact, but its reputation for needing maintenance and the potential of staining puts off a portion of potential buyers.More Information on Ceramic and Porcelain Tile Flooring
Most buyers expect to see wood floors, at least in the main areas, but brand new carpet may still be a worthwhile investment. Because installing carpet is relatively cheap, it can be a good option for sellers looking to spend little to spruce up their homes. Some have called carpet the 'paint of flooring' because it freshens up the appearance of your home at little cost. More Information on Carpet
For a tighter budget, laminate flooring may be your best bet. Although it doesn't last as long as hardwood or tile, it costs 50% less on average to buy and install. Laminate flooring has come a long way in recent years and can give you a high-end look without breaking the bank. It is also resistant to stains and wear, which may be a high priority on your buyers' checklist.More Information on Laminate Flooring
Is it a good idea to install multiple types of flooring throughout my house?
Yes and no. While it is okay to choose a few different types, you want to make sure they complement each other and don't break up the layout too much.For example, choosing a tile for your kitchen and transitioning into hardwood for your living room can work splendidly if the colors, textures, and placement are well-designed. However, suppose you want to put engineered hardwood in the kitchen, ceramic tile in an adjacent room, laminate in the bathroom, and carpet in the hallways. In that case, it will look disconnected and make the space feel overwhelming.It's best to stick to two or three complementary flooring types so that the home design feels uniform and polished.
Overwhelmed by all the choices? Satolli Carpet & Floor Coverings can help.
With over 40 years of flooring installation experience, we can help you make the right choice and get the most resale value out of your home. Give us a call, send an email, or request an appointment with our carpet experts today.*For more information on ROI, read this article.