What is the best flooring to increase home value? Take a look at this flooring guide to better understand what types of flooring will best benefit your home.
If you're thinking of selling your home, there are plenty of upgrades you can consider to improve its resale value.
From a new roof to upgraded kitchen countertops to installing new flooring to entice the buyers in your market, read on to discover the best flooring to increase home value so you can get more return on your investment.
Keep Your Flooring Consistent
Today's home buyers are looking for beautiful spaces that exude quality before they'll put in an offer. If you have a variety of flooring throughout your home, you may want to consider updating it all to the same material.
When you choose the same type of flooring for every room, it creates a beautiful visual "flow." So, try to avoid mixing materials like laminate in the kitchen and hardwood in the living room.
Staying consistent will show buyers that you're serious about the way your home looks. It also creates a nice neutral palette where potential buyers can envision their own furniture after they move in.
Carpet vs. Laminate for Resale Value
For years, carpet was the standard in home flooring. Today, this type of flooring isn't quite as popular as it used to be in the eyes of new homeowners.
High-end carpet with a low pile and a trendy neutral color can still add decent resale value to your home. However, new trends in flooring are starting to make carpet a less popular choice.
Laminate used to have a negative connotation in the flooring world. However, today's modern technology has created new designs in laminate flooring that make it a popular option for many homes.
Buyers tend to prefer hard surface floors over carpet. If you choose a quality laminate, you'll likely get a decent return on your investment. Laminate is also relatively affordable, which means you won't have to shell out a lot of your budget upfront.
Unless your carpet is flawless and brand-new, laminate is likely a better option to get more money for your home. Make sure the laminate floors are in pristine condition and that they're in a versatile color that works with a variety of decor and furniture.
Hardwood is a High-End Choice
While new styles of luxury laminate flooring look beautiful, hardwood tends to be the best flooring to increase home value. Made of natural materials, hardwood exudes a luxurious aesthetic in any home whether it's old or brand new.
Most real estate experts claim that the average return on investment for hardwood floors is around 70 to 80 percent. In fact, installing wood flooring can increase your sales price by quite a bit if you're in a healthy market.
You can choose among several different types of wood to enhance your home. Whether it's beautiful maple, durable oak, or classic woods like hickory and walnut, wood always adds a nice touch to any home.
If you're getting new hardwood floors, try to have them finished in a trendy but neutral color. Lighter color finishes will make your home look larger, while darker finishes tend to make spaces feel closed-in.
Before you put your home on the market, make sure the wood floors are polished and don't show any signs of damage. Hardwood floors can last for decades which makes them a popular choice for many buyers.
Is Laminate the Best Flooring to Increase Home Value?
If you're planning to remodel your home on a budget, laminate can be a great option for you. This durable flooring has also made great strides in durability and style in recent years.
Wood-look laminate offers buyers the aesthetics of real wood without all the maintenance. For families with pets or young children, wood-look laminate is certainly an appealing alternative.
You can find laminate floors in a range of colors to complement your home. This flooring is also quite affordable, which means you should get a pretty good return on your investment as long as the floors are in good condition.
People with a busy lifestyle also appreciate laminate since it's easy to clean and maintain. With a high-quality laminate floor, buyers might not even be able to tell the difference between this material and hardwood at first glance.
Luxury Vinyl Plank and Resale Value
If you want something a bit more high-end than laminate but less expensive than hardwood, try luxury vinyl plank flooring.
Luxury vinyl plank floors can mimic real wood with unique grain patterns and veining. This adds a luxurious touch to your home without the high price tag of hardwood.
The cost to install a luxury vinyl plank floor is also more affordable than tile or hardwood. It's easy to care for and can be found in a huge assortment of colors, styles, and many different manufacturers.
Today's home buyers are looking for a perfect combination of beauty and easy-care when it comes to their floors. If you need something affordable but also enticing, luxury vinyl plank flooring is a fantastic option.
Make Your Flooring Work for You
When it comes down to finding the best flooring to increase home value, it all boils down to your market. Hardwood will likely give you the highest return, but laminate and luxury vinyl plank flooring also offer plenty of perks to buyers.
To find out more about new flooring styles or to shop our latest selection, visit our website and contact us today for more information.