Whether or not you’re planning on reselling, choosing the flooring that boosts the value of your home is a must. However, with an abundance of options at a homeowner’s disposal, it can be hard to decide on one. So, we’re going to dive into the best floors for resale value.
Firstly, homeowners who choose hardwood floors will almost always see a return on their investment.
Resale Value of Hardwood Floors
Besides strength and elegance, a hardwood floor is the first thing people look for when buying a home. According to a report from The National Association of Realtors, homeowners who installed hardwood floors recovered 91 percent of their investment on average. Likewise, the report says that homeowners who refinished their hardwood floors saw a full return on their investment.
In addition, tile floors can increase a home’s value.
Resale Value of Tile Floors
Tile floors can help homeowners boost their home’s resale value. While hardwood floors will likely see the most return, tile is a breath of fresh air. According to a post from Realtor, homeowners can expect an average of 70 percent return on investing in ceramic tile and 55 percent on porcelain tile. Consequently, Realtor reports an average of 55 to 70 percent return for stone tile and less than 50 percent for marble. If you’re interested in tile, see our post on the benefits of installing ceramic tile!
While hardwood and tile reign supreme, they can be expensive. So, homeowners can benefit from installing carpeting in their home.
Resale Value of Carpet
Carpet does provide a comfy flooring option. However, it won’t help your home’s resale value. According to Home Advisor, homeowners who plan to sell will find better resale value with hardwood floors. That doesn’t mean that you should opt out of carpet flooring. Carpet is cheaper to install, easy to clean and works well in rooms with a lot of foot traffic.
Much like hardwood floors, laminate floors are a great way to mimic hardwood, but won’t see the same return.
Resale Value of Laminate Floors
Homeowners who aren’t in the market for hardwood floors can benefit from laminate floors. Laminate floors are multi-layered floors made from numerous materials. While they may be mistaken for hardwood, their resale value is up in the air. According to a post from Sapling, homeowners benefit more from installing natural hardwood rather than laminate. Homeowners have a better chance of reselling their home when they install hardwood.
Now that you have a good idea of what flooring options will boost the value of your home, you should reach out to a local flooring company to get started.
A Final Word on Floors and Resale Value
Whether or not you’re looking to sell your home, choosing a floor that will hold up is essential. No matter your plans for the future, installing good flooring will save you time and money in the long run. For your flooring needs, call on My Affordable Flooring for flooring installation and repairs!