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.
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 Potential buyers also said they would reconsider putting in an offer if the flooring is outdated, dirty, or worn.
You should also keep in mind that vinyl plank and tile flooring might not increase the value of your home as much as laminate flooring. However, vinyl flooring can still make all the difference in how long your floors will last, which could be vital as we head into a more competitive real estate market.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Hardwood Flooring
It's beautiful, it's durable, and it never goes out of style. Not to mention all of your friends, family, and neighbors aspire to have it, so you'll have your entire network envying your home's flooring design.
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.
Yellow/ Tan – The final color group in what you might consider as the “classic” hardwood flooring options are woods that are more yellow or tan in tone.
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.
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.
The big question is, should flooring be the same throughout the house? The quick answer is YES! Using the same flooring throughout ties rooms together, improves flow, makes the home seem larger, simplifies cleaning and maintenance, and is often easier on the budget.
As a flooring material, bamboo has many of the same benefits and drawbacks of hardwood flooring, Like wood flooring, bamboo is an attractive natural material that generally adds real estate value to a home.
While the up-front cost of carpet might be tempting, over time laminate flooring is cheaper than carpet. Laminate flooring is made to last and is nearly double the lifespan of an average carpet. Flooring is considered an investment, as it really becomes a permanent fixture in your home.
Gray flooring, particularly gray wood, has grown exponentially over the last decade and has quickly become the most popular trend, not just for flooring, but for homes in general. In addition to looking chic and trendy, gray floors set the tone of a cool, contemporary home.