As a homeowner, you’re constantly thinking of projects that can make your home more comfortable. You’re also determined to make every renovation that you do increase its value.
Maybe you remodeled the kitchen and bathrooms. Maybe you’re adding additions to your home. But did you think about replacing the floors?
Does new flooring increase home value? If so how much?
Flooring can be a major make-or-break item when it comes to selling your home. Buyers love to see brand-new flooring that is easy to maintain.
And if they don’t like your home’s floors, then you’re much less likely to get a decent offer on it when you go to sell it.
So you need to make sure that you’re choosing flooring options that will get you the best value for your home. With so many flooring options available, it can be confusing to figure out which decisions are the right ones to make.
So read on to learn if new floors could increase your home’s value and how to get the best Return On Investment possible.
Does New Flooring Increase Home Value?
Believe it or not, buyers are looking at your floors. They’re looking to see what condition they’re in. They want to know how hard it is to maintain them and what types of flooring you have.
Most homeowners find about a seventy percent ROI on new floors when they go to sell their house. So the short answer is yes. New floors can add a lot of value to your home if done right.
Do Hardwood Floors Increase Home Value?
Hardwoods have been the dominators of the flooring industry in the United States for a long time now. They’re one of the more desired flooring materials out there. They’re also one of the easier types of floors to take care of.
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This is because they can be mopped easily if something spills on them. The only thing you need to be careful of is scratching them.
They’re also quite sturdy. This makes them ideal for rooms with heavy foot traffic such as kitchens and entryways. That’s why they’re such a popular option, especially in the main living spaces of the home.
However, this doesn’t mean that they’re ideal for every room. The main issue that you might find with hardwoods is that they’re susceptible to rot. This means that they aren’t always ideal for homes in humid regions.
It also means that they aren’t necessarily the best idea for bathrooms. This is because there tend to be a lot of water spills in bathrooms. Not to mention steam from the shower seeps into the wood to cause rot too.
Different woods will have different amounts of sturdiness. This means that you want to be sure that you’re picking floors that can handle the abuse they’ll endure in the room you’re renovating.
These floors are going to give you the highest ROI of all flooring options though. So yes, they will increase your home’s value.
Does Laminate Flooring Increase Home Value?
Laminate flooring is going a good option for those who are on a budget. It’s easy to install and can give the hardwood appearance for less money. It’s also just as easy to clean.
They also match hardwood in strength without the risk of rot. So they’re safe to put into bathrooms and homes in humid areas. This is why they’re one of the most common choices for those who are installing new floors today for these reasons.
The biggest problem that people find with laminate flooring is that it tends to be very slippery. This means that it’s not ideal for people who aren’t very mobile. You also need to be careful about any spills since this can make them even slicker.
But do they increase your home’s value?
Yes, they can. If your current floors are old and falling apart, then almost any flooring is going to increase its value. However, in general, laminate floorings are not going to give you as high an ROI as hardwoods.
That doesn’t mean that laminate floors aren’t worth it. If you play your cards right, then you can still get a pretty high ROI for these floors.
Does Luxury Vinyl Plank Increase Home Value?
Vinyl is quickly becoming a popular flooring option. It’s a synthetic material that’s designed to mimic natural stone or wood.
It does a much better job of this than laminate does too. The synthetic floorings look very convincing without the added costs of hardwood floors.
They’re also more durable than laminate. So they’re a great option for high-traffic areas in a home. It’s also more water-resistant, so it’s safe to put in bathrooms.
It costs about the same as laminate and is easy to install and maintain.
But while they look convincing, they might not quite feel convincing. They don’t usually have the same textures as hardwood flooring.
And if you want the best return for your investment, then you can’t go with anything less than luxury plank vinyl. Cheaper vinyl options can twist and bend very easily, so they aren’t as durable or as attractive as luxury planks.
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. There are tricks you can use to make sure you get the most money back from your investment. But this is an easy and lower-cost method to improve your property’s value without breaking your budget.
What About Carpeting and Tile?
You see it happen all the time on home improvement shows: the hosts see a lot of carpet and cringe. And sometimes you find tiles that simply look outdated or tacky. But that doesn’t mean you won’t get any ROI for putting in new tile floors or carpeting.
In general, buyers won’t mind brand new carpets. This is especially true if you plan to replace it in bedrooms. However, it would be wise to avoid installing new carpets inside living spaces if you want a higher ROI.
But a brand new and clean carpet is something that buyers can appreciate. It means that their feet won’t get cold as soon as they hit the floor as they’re waking up.
Tile, on the other hand, gets a little more complicated. You must consider the material that the tile is made of and its appearance. However, tile is generally the safest option for bathrooms because it’s naturally more water-resistant.
And if you pick the right tiles, it can give a bathroom a much-needed facelift. They tend not to be quite as slippery as laminate does too.
But tile also has the disadvantage of being cold under your feet. While most buyers won’t walk away from a house for this reason alone, it can still be uncomfortable for many people.
But overall, if you play your cards right, then even carpet and tile floorings can increase your home’s value!
How to Get the Best ROI for Your New Floors
While you can get a decent ROI for replacing your floors, there are ways to increase it. Many homeowners can see up to an eighty percent ROI. Following these tips can help you get the best value back for your investment.
The best thing you can do to increase the value of your home is to make the flooring consistent throughout your home. Specifically, you should be giving the main living spaces consistent flooring. Bedrooms and bathrooms are the exceptions, but it’s often best to make these spaces identical to each other.
One reason a lot of buyers will walk away from a home is that there are different types of flooring in every room. It starts to look patchy when this happens.
On the other hand, when the floors are consistent throughout the house, then this creates a nice flow to the house and makes it feel more open. This is the kind of feeling that buyers often look for.
It can also be a big deal to those with disabilities. Wheelchair users have a hard time getting over high thresholds that often occur with transitions between floors. So these people need to find homes with consistent flooring.
You also need to think about which room that you’re reflooring.
If you’re getting new floors for a kitchen or entryway, then you want something sturdy. These rooms get a lot of foot traffic every day. So durable floors will be the best option.
On the other hand, these rooms don’t usually get a lot of water or steam spilled in them. So waterproof floors won’t be a necessity. You should do just fine with water resistance or no water protection at all.
Bathrooms, however, need something that’s going to be able to stand up to water and steam, but they don’t usually see the kind of foot traffic that kitchens do.
This is why tile floors popular option for bathrooms. They are naturally waterproof, so they’ll last a long time in these rooms. But they aren’t the most sturdy floors and can break or crack during installation if not done carefully.
In bedrooms, either hardwoods, synthetic floors, or carpets are probably your best choices. Tile sometimes is too cold for bedrooms.
However, remember that it’s best to try to make flooring consistent throughout the main living areas of the house. This is where hardwoods and floors that look like hardwoods are going to get you the most ROI.
Where you live can also impact what kind of floors you want.
In colder climates, for example, tile isn’t particularly popular because it gets so cold. Hardwoods, however, tend to be a little bit warmer under peoples’ feet. Therefore, hardwoods are much more popular in colder regions.
But in areas that are hot and humid, hardwoods tend to rot faster. This isn’t ideal for floors in these regions. That’s why it’s more popular to have tile floors there.
It also is cooler under your feet during the summer months. And since so much of a person’s body heat is determined by the feet and head, this makes it ideal for hot climates.
And then there are synthetic floorings like laminate and vinyl. These tend to not be as cold as tile or as warm as hardwoods. These are generally considered neutral floors that are used all over the world.
So no matter where you live, laminate and vinyl are both good floors to install in your home. For other floors, you should think very hard about the climate around your home when making your choices.
Cater to a Wide Market
The most important thing you can do during any home improvement project is to cater to a wide market. When you go to sell your home, you want buyers to be interested in it and offer good money to buy it.
Choosing your new flooring carefully can be the best way to make sure this happens. You want your floors to look clean and uniform throughout the house. You want the colors to be popular when you go to sell your house. Doing these things is the key to getting the best ROI for your new floors.
Get Your New Home Flooring Today
So does new flooring increase home value? Yes, it does!
There are also ways of ensuring that you get the best ROI possible when you go to sell your home. Following the above tips will get you a great price for it.
And when you’re ready to sell your home, then you can trust iBuyer to give you a hassle-free offer on your home. There are no showings or repairs needed!
So if you’re looking to sell your house quickly for the best value, then go ahead and get a free estimate online today.