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.
Dark stained hardwood flooring is by far the best selection when it comes to overall popularity and resale value. Some of the best darks stains for wood are espresso, dark walnut, and antique brown. These darker colors often give way to more color combinations since they do not lean towards a yellow or orange tint.
Quality. High quality flooring equates to a higher selling price. Any kind of flooring, whether it's engineered hardwood, luxury vinyl, tile, or carpeting, will fetch a higher price if it's a higher quality product.
It's no surprise— hardwood flooring has long been the top choice for buyers and agents alike, and remains so in today's market.
If the current flooring of the home is in disarray or damaged, replacing it with laminate will increase the home value. However, if the carpet or hardwood is in relatively good condition, it is not advisable to replace the flooring with laminate as this would not significantly improve the asking price.
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.
Closure of facilities – public services, employment, amenities; if any of these services close, it could impact the value of your house as they're often appealing to buyers. Low school ratings – buyers pay to live in areas with good schools because they want their children to have access to the best education.
1. Hardwood Continues to Dominate. Hardwood has remained at the top of the podium for decades now and continues to dominate the home flooring industry.
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.
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.
True value is achieved when the product lives up to your expectations and needs relative to the cost. That's what makes luxury vinyl tile (LVT) such a great investment — it delivers what most homeowners value in upscale flooring, at a budget-friendly price.
Not only will it impress your friends but did you know it can also increase your home value when you're looking to sell? Well, it turns out a proven way to increase your home value is to add new beautiful tile, flooring, and backsplash within your home.
Though it's gotten a bad rap in past years, vinyl flooring is making a comeback. Although relative ease of installation has long been one of the material's selling points, it's now the range of design options that is putting vinyl once again underfoot.
A choice of timeless hardwood floor colors
Brown Maple floors have hues of rich gold, amber and brown. Cherry floors feature a burnished auburn color that will darken over time. Hickory offers hues from lighter blonde sapwood to cocoa brown and beige heartwood. Red Oak comes in deep, salmon tones.
Dark brown hardwood floors in particular never seem to go out of fashion, they are always trendy and still in style. There's something about the contrast between dark wood floors and bright, light walls, white kitchen cabinets, furnishing etc. that epitomize a sophisticated and upmarket style.
YES! Engineered hardwood is the “real deal,” just like solid. There aren't many differences between the ROI of these two products. This product increases a home's value in a few ways: You'll recoup 70% to 80% of your investment as seen in your property values.
New flooring can increase the value of a home by nearly 10 to 54 percent. Potential homebuyers say that they will put in a higher offer if a home has new flooring. Potential buyers also said they would reconsider putting in an offer if the flooring is outdated, dirty, or worn.
Vinyl stands up the best against excess moisture and spills, and it can be less expensive than laminate. However, laminate gives a more realistic wood look to enhance the design aesthetic in your home.
12mm is much more impact resistant than 8mm. Sharp items that accidentally fall on a thicker base will have very little effect on it. That's the reason why people prefer 12mm laminate in high traffic areas.
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.
The top five improvements that can generate the highest return on your investment: Renovating the kitchen. Renovating the bathroom. Repainting the interior and exterior.
Factors that make a home unsellable "are the ones that cannot be changed: location, low ceilings, difficult floor plan that cannot be easily modified, poor architecture," Robin Kencel of The Robin Kencel Group at Compass in Connecticut, who sells homes between $500,000 and $28 million, told Business Insider.
They say that the three most important things to think about when buying are home are location, location, location. You can live with almost any imperfection in a home if you love the neighborhood and your neighbors. You can change almost everything else. But, once bought, you cannot change your home's location.