Wood floors are one of the best investments you can make. They're durable, versatile, and most buyers love them. According to real estate experts, the average ROI for installing hardwood floors is about 70% to 80%, and wood floors can boost the sales price of your home as much as 2.5%.
You may have already guessed it, but the floor with the highest resale value is hardwood. Since hardwood is always in demand, it is an easy choice to up level your home.
Dark colored hardwood floors are highly sought after by home buyers because they match modern styles. Lighter hardwood floors don't have that same appeal to many buyers, but buying quality hardwood can help. Use a discerning eye when choosing your hardwood floor and stain type.
Its durability and water resistance makes it a great material to increase value in rental properties, kitchens, bathrooms, and laundry rooms. However, we don't always choose luxury vinyl for our properties. While the material is durable and stands up to water well, it's softer than hardwood and tile.
So the short answer to “does new flooring increase home value?” is yes—if you're smart about your selections. The right upgrades also make your house move faster on the market. Follow these 5 pro tips to get the most out of this wise home investment.
If the laminate replaces old, worn carpet or sheet vinyl, you could see a value boost. But if the home already has old hardwood, you should refinish the natural wood rather than replace it with lower-quality laminate.
“Buyers like carpet in bedrooms, especially in basement bedrooms, for comfort and warmth.” Carpet is also much quieter to walk on than other types of flooring and can help absorb noise. It can mask sounds, such as footsteps and squeaky floors, Fisher adds.
Many homeowners, interior designers, and builders are opting for Luxury Vinyl Flooring as a substitute for other vinyl-type options due to its hardwood style. Compared with other hardwood flooring it is an attractive choice for those who want some classic hassle-free flooring without high-price tags.
Firstly, it can be difficult to install and may require professional help. Secondly, vinyl plank flooring is not as durable as other types of flooring such as hardwood or tile. It is also prone to scratching and denting from heavy furniture or objects being dragged across the surface.
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.
Neutral shades such as light brown, gray, and black are timeless classics that will look good for years to come. These hues make a great backdrop for any room in your home, so you can easily accessorize the space without worrying about the color clashing with your floors.
Drawing on the traditional neutral colors of carpet, choose a light or neutral tone for a timeless carpet. Choose from gray, white, or beige to match your interior design. When popular flooring trends change, you won't have to update yours!
Greige and white oak are two of the most popular choices for hardwood flooring when it comes to house resale. They provide timeless elegance and neutrality, making them ideal for any home. Greige is a mixture of gray and beige, creating a subtle tone that can fit into any color palette or design style.
No. 1 Common Grade – Characterized by prominent color variation as well as prominent (but limited in size) character marks such as knots and open checks, as well as variations resulting from drying and machining processes. This grade results in a tasteful floor where prominent variation is to be expected.
Mouldings and other floor accessories can make the floor look expensive with an inexpensive price tag, which is a great option to achieve a “luxurious” look and atmosphere without spending a fortune.
It keeps the house looking consistent
If you have a color scheme or style that you love, having the same flooring flow from room to room will allow you to extend that feel throughout your entire home. Using the same flooring material ensures your home will have an elevated and cohesive design.
For a short time after installation, vinyl flooring emits what is known as volatile organic compounds, or VOCs. These are gasses that can have a long-term impact on your health and are also dangerous for the environment. They can be especially hazardous to those with respiratory problems.
While costs are similar, the value of premium vinyl far exceeds that of laminate based on quality and value. Unlike laminate, premium vinyl is durable and stable, resistant to moisture and climate, and is easy to install and maintain. Laminate is restricted to light traffic and low moisture applications.
Vinyl flooring clearly is a better choice in high-moisture environments than laminate flooring, making it an excellent choice in bathrooms. But for whole-house installations, laminate flooring often makes sense because it offers a wide range of choices.
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.
Traditional hardwood flooring in teak, walnut, and oak remains in vogue in luxury homes. Geometric patterns, such as chevron and herringbone, are making a comeback in luxury properties and current trends show that painted hardwood floors can be just what's needed to glam up a high-end home.
While LVP is extremely durable, it isn't totally indestructible. Luxury vinyl flooring can dent and even scratch or scuff, especially from heavy appliances, furniture, or other weighty objects. Just because it's resistant to something doesn't mean it's impervious to it.
Hardwood floors were the norm in most homes before WWII. The design of the home didn't matter—Victorian, Colonial, Cape Cod, Tudor, Craftsman, and even early Ranches—they all featured wood floors throughout. Then starting in the 1950s, homeowners started to favor wall-to-wall carpet instead.
Bathrooms or kitchens. Any area where water or moisture is constant issue. Carpets will absorb any moisture and will remain there which will cause mold and mildew.
There's no consensus on an exact percentage, but many experts have said it's between 3% and 5%. 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.