Does New Flooring Increase Home Value?

By Real Estate Experts

|10 min read

If you’re preparing to sell your home, there are many things you can do to maximize its value. Renovations add value to the home and help you get the maximum price. One way to do this is to upgrade your flooring. New flooring can give your home an updated, modern look that will appeal to potential buyers and help you get top dollar for your property.

There are many different types of flooring on the market, so it’s important to choose something that will complement your home’s existing style. Hardwood floors might be the best option if you have a traditional home. If you have a more contemporary home, you might opt for laminate or tile.

In this article, we’ll discuss the various types of flooring and whether or not they increase home value. We’ll also provide some tips on how to choose the right flooring for your home.

Hardwood: Classically Elegant & Always in Style

Hardwood floors are classic and elegant. They’ve been popular for centuries, and they continue to be one of the most sought-after flooring options on the market. If you have hardwood floors in your home, you can rest assured that they will increase the value of your property.

The average cost for installing hardwood floors is around $4-$6 per square foot. But, doing so can increase home value by 3%-5% on average, making it a wise investment for those looking to sell.

One of the reasons hardwood floors are so popular is that they are easy to care for. Unlike carpet, which can stain easily and attract dirt and dust, hardwood floors can be easily swept and mopped. Hardwood floors also don’t show wear and tear as easily as other types of flooring.

When choosing hardwood floors for your home, it’s important to select a species that is durable and easy to care for. Some of the best options include oak, maple, and cherry. These hardwoods are not only beautiful but they’re also built to last.

flooring options to increase home value

Tile: A Versatile Flooring Choice

Tile is another popular flooring option that can increase home value. Tile is a versatile material that can be used in a variety of ways. It’s commonly used in kitchens and bathrooms, but it can also be used in living areas and bedrooms.

The average cost for installing tile flooring is $5-$7 per square foot. But, doing so can increase home value by 2%-4% on average. However, these figures can change dramatically depending on the quality and type of tile used.

A big selling point for tile is that it is easy to care for and can last for many years with proper maintenance. It’s also stain-resistant and water-resistant, making it a good choice for areas that see a lot of traffic or spills.

When choosing tile for your home, you’ll have a lot of options in terms of style and design. You can choose from a variety of colors, patterns, and materials. There are also many different sizes and shapes to choose from.

One thing to keep in mind when choosing tile is that it can be cold and hard underfoot. This might not be the best choice for bedrooms or living areas where you want a cozy, comfortable feel. As such, it could negatively impact the selling price of your home if potential buyers don’t like the feel of tile flooring.

Carpet: A Cozy & Comfortable Flooring Choice

Carpet is a popular flooring choice for many homeowners because it’s cozy and comfortable. It’s also relatively inexpensive, making it a good choice for those on a budget. The average cost for installing carpet is $3-$5 per square foot.

Carpet can also increase home value, although not as much as other flooring options. It’s estimated that carpets will increase home value by 1%-3%. However, this number can vary depending on the quality of the carpet and the style of the home.

One downside to carpet is that it can be difficult to keep clean. It’s also more likely to show wear and tear than other types of flooring. As such, it might not be the best choice for homes with pets or young children.

When choosing carpet for your home, you’ll want to select a style and color that will complement the rest of your decor. You’ll also want to choose a carpet that is durable and easy to clean.

Linoleum: A Budget-Friendly Flooring Choice

Linoleum is a type of flooring that is made from natural materials, including linseed oil, cork dust, resin, and wood flour. It’s a budget-friendly flooring option that is easy to install and maintain. The average cost for installing linoleum is $2-$4 per square foot.

Linoleum is a durable flooring option that can last for many years with proper maintenance. It’s also easy to clean and resistant to stains and spills. However, it can be susceptible to damage from sharp objects and high heels.

When choosing linoleum for your home, you’ll have a variety of colors and patterns to choose from. You can also choose from a variety of textures, including smooth, embossed, wood grain, and tile.

Vinyl: A Durable & Easy-to-Care-For Flooring Option

Vinyl is a type of flooring that is made from polyvinyl chloride (PVC). It’s a durable and easy-to-care-for flooring option that is ideal for high-traffic areas. The average cost for installing vinyl flooring is $2-$6 per square foot.

Vinyl is a versatile material that comes in a variety of colors and patterns. It’s also easy to clean and resistant to stains and spills. However, it can be susceptible to damage from sharp objects.

When choosing vinyl for your home, you’ll want to select a style that compliments the rest of your decor. You’ll also want to choose a vinyl that is durable and easy to clean.

Other Things to Consider When Choosing New Flooring

To maximize the marketability of your home, it’s imperative that you put some thought into the renovation. If you like in an area that gets very cold in the winter, would you want tile flooring? Likely not. It would make more sense to select a flooring that would be comfortable and cozy during the winter months.

Other important considerations include:

  • Humidity – Humid regions are not ideal for hardwood floors as the humidity can cause the wood to warp.
  • Traffic – High-traffic areas will require a more durable flooring option that can withstand a lot of wear and tear.
  • Allergies – Flooring that helps reduce allergies is a big selling point for many homebuyers.

These are just a few things to keep in mind when selecting new flooring for your home. The best way to find the right flooring option is to consult with a professional who can help you select the best option for your needs and budget.

Mixing Different Types of Flooring

Along that line of thinking, consider ways you can replace the flooring and turn it into a selling point. This may mean that you choose different types of flooring for different areas of the home. For example, comfy carpet in the bedrooms, laminate in the bathroom, mudroom, and kitchen, and hardwood in the living room. These are all choices that potential buyers would be interested in and could help you sell your home quicker.

If you choose to mix different types of flooring, you’ll need to make sure they all transition beautifully from room to room. The last thing you want is for the different types of flooring to clash and look out of place. Work with a professional to help you choose the right types of flooring and plan the installation in a way that will make your home flow seamlessly from one room to another.

Also, by mixing different types of flooring, you will affect the value it adds to your home. However, by playing up the positive aspects of each type, you may be able to raise the value of your home to offset the cost of the flooring and then some. If done right, that could translate into higher price points than just one type of flooring.

Final Thoughts

Replacing the flooring before putting your home on the market is a big job. Not only do you have to select the right type of flooring, but you also have to make sure it’s installed correctly and that it transitions well from room to room.

Despite the fact that it is a big endeavor when you already have so many things going on, it can ultimately pay off big when you sell your home. Mixing different types of flooring can add value to your home and make it more attractive to potential buyers. Just be sure to work with a professional to help you plan the installation and choose the right types of flooring.

If you’re not sure which way to go, reach out to a real estate agent to discuss your options. They will be able to give you insights into what types of flooring are most popular in your area and how much value they can add to your home.

Additionally, a real estate agent can help you stage your home to sell and can give you tips on making it more appealing to buyers. They will also be able to help you price your home competitively so that you can get the most money out of the sale.

How FastExpert Can Help

If you’re thinking about replacing the flooring in your home before selling, don’t go it alone. The process can be overwhelming, and there are a lot of factors to consider. That’s where FastExpert comes in. We can connect you with top-rated real estate agents in your area who will help you through the entire process, from start to finish.

We will provide you with a list of agents to choose from, and you can read reviews and compare pricing so that you can find the perfect fit for your needs. The best part is that our service is free, and there is no obligation to use any of the agents we recommend.

Get started today by finding a top-rated real estate agent near you!

Real Estate Experts

FastExpert is a real estate agent directory that ranks agents by location according to client ratings and past home sales history. Our goal is to give you all the information you need to choose the right real estate agent for your needs. Users can search by specific traits that are important to them as well as see specific addresses of homes agents have sold in the past. Let FastExpert help you find an agent!  Real Estate Experts's Website

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