Dawn Wilson, Keller Williams: “Most buyers prefer hardwood. For selling purposes, it is better to have hardwood. If there is not hardwood in the home already, and it is cost prohibitive to put hardwood in, then in most cases, new carpet should be put in prior to resale. Buyers like tile flooring in the bathrooms.
Carpet In The City
Chiaramonte says that some buyers still prefer soft flooring for bedrooms. However, they usually avoid carpeting the entire room. “It's far easier to redo or change the feeling in a room by purchasing a new rug!
Hardwood floors are one of the best flooring options for homeowners looking to increase the resale value of their home, with hardwood typically yielding around a 75% return on investment.
Cave explains that, while sellers can get away with carpeting in the bedrooms, buyers like to see hardwoods in the main areas of the house, like the living rooms and the hallways.
"Having brand new, fresh carpet increases the value of the home because it is the main focal point of the room (along with the paint) that buyers see when they tour a property," explains Samuel.
Now most appraisers caution that you don't need to deep clean under couches, a few dirty dishes aren't going to hurt your value. However things like stained carpeting, marks on the walls, things like that can affect the value and are part of the overall condition rating.
So replacing carpet with hardwood flooring can definitely make a difference in your selling price. In fact, one study found that 54% of home buyers said they'd be willing to pay more—up to $2,080—for hardwood floors.
Hardwood is known for being much cleaner than carpet as it doesn't collect all of the dust and dirt beneath the surface. Despite best efforts, carpeting is never perfectly clean. Well maintained hardwood flooring can last decades!
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.
Hard surface flooring will give you the best return on investment, or ROI. Hardwood will be your best bet with the highest ROI since it's the long-standing preferred flooring choice. If you currently have hardwood floors, consider refinishing them if they need a little pick me up.
As CNN reported, hardwood floors can also increase home value by 3-5%. This makes them a very attractive prospect for anyone looking to sell their house in the near future. However, even if you don't plan on moving any time soon, hardwood floors may still be a good investment.
There is absolutely no need to change flooring from room to room. We often work with homeowners who feel the urge to pick a different flooring for every room of their home, but there is absolutely no need to do this. Your home will look best if you create one consistent look that travels from room to room.
In high-traffic areas it can show wear and tear, and laminate can't be sanded or refinished for an updated appearance. Because of its lower price point, laminate also won't do much for your home's resale value.
Carpeting is a poor choice in any room that frequently sees water, food remnants, or dirt. These elements will quickly damage carpet. These rooms include but are not limited to, kitchens, bathrooms, entryways, mudrooms, and laundry rooms. Kitchens are a poor choice to install carpeting because of food, dirt, and water.
Vinyl flooring is probably the easiest to clean out of all the options listed here and also one of the easiest to maintain. Also known as Cushion Floor, vinyl flooring is available at a good price and can take plenty of wear over the years, which is why many will come with a 15 year warrantee.
Though hardwood is incredibly popular, carpeting is making a comeback, in part due to the innovative new options on the market. Carpet is a great choice for bedrooms, dens, or basements where hardwood can feel too cold and sterile, or any room where there is a risk of water damage.
Carpet fibers often become matted and frayed within just 3-5 years. A carpet can only be expected to last 5-15 years from installation, so if your carpet it starting to look a little beat-up then it's probably time to replace it. Areas that see the most wear and tear are usually the hallways, stairs, and living areas.
Carpet vs Hardwood Cost
Installing hardwood floors can cost between $12 and $20 per square foot installed, while carpet often cost about $6 to $12 per square foot installed. However, choosing engineered hardwood flooring can be dramatically less expensive than solid hardwood floors.
Installing hardwood flooring averages between $6 and $12 per square foot. On average, wood flooring costs between $3 and $7 per square foot for materials and $3 to $5 per square foot for labor. An estimate for installation of 1000 square feet of hardwood flooring runs between $6,000 and $12,000.
HomeAdvisor.com notes that new carpet in general tends not to affect resale value either way (compared to hardwood, for which 54% of buyers in one study were willing to pay $2,080 more). But stained or outdated carpeting doesn't do you any favors.
Unless the amount of clutter begins to affect the structural condition of a home, it will not affect an appraisal. The cleanliness of a home also has no impact on the value. It is not uncommon for an appraiser to walk into a cluttered, messy home.
Appraisals can come in low for a variety of reasons. Many factors are at play including market conditions, the appraiser doing the work, the subject property being appraised and the comps. Sometimes the appraisal is not even low; misplaced expectations were merely set too high.
Bottom Line. Laminate flooring, in good condition, improves the value of the home over traditional wall-to-wall carpeting. However, hardwood floors are still more valuable to potential buyers than laminate flooring.
Even though it's not true hardwood, buyers will still appreciate the aesthetics and feel of these durable floors. This is what buyers really care about at the end of the day. So yes, installing new vinyl flooring in your home will raise your property value.
Vinyl in demand
Choices for resilient vinyl flooring include a spectrum of styles, colors, textures and patterns. Add in vinyl's easy-to-clean characteristics, comfort under foot and family-friendly stain-resistance, and the result is increasing popularity with value-hungry shoppers.