Wondering how to choose the best flooring for your home’s resale value? The right kind of flooring can improve your home’s resale value.
Even if you are not thinking about moving in the near future, it’s never the wrong time for some home improvements. Of any update you make to your home, new flooring may even have the biggest impact on your return on investment. For example, you may spend $3,000 to replace linoleum flooring with beautiful wood flooring, but the selling price of your home could go up by $3,500.
Ready to learn more about which flooring options will give your home the biggest increase in ROI? Let’s take a look at homebuyers’ favorite flooring options.
Solid Hardwood Flooring
Hardwood floors are an investment with staying power. Solid Hardwood flooring is durable, attractive, and a must-have for most homebuyers. According to Realtor.com, wood floors may even boost the sales price of your home by as much as 2.5%.
Not to be confused with engineered hardwood flooring, solid hardwood is made of 100% solid lumber. It is then milled to the desired thickness and width, resulting in a beautiful flooring material where each plank is unique. It typically comes urethane-coated and can be re-coated as necessary.
You can even choose prefinished solid hardwood flooring. This provides the quality look of expensive hardwoods, but eliminates the lengthy finishing process and fumes you get with a site-finished floor.
Homebuyers love solid hardwood floors. They provide a timeless aesthetic and can be refinished again and again, so it’s unlikely they would ever need to be replaced. Take good care of your solid hardwood floors, and they will look great for a long time.
Engineered Hardwood Flooring
A close runner up to solid hardwood floors is engineered hardwood flooring. In comparison to solid hardwood, engineered wood provides a similar look and ROI.
Engineered wood, like solid hardwood, consists of real wood. However, unlike a solid piece of hardwood, engineered wood is constructed of three to ten layers of plies that are then glued together. As a result, engineered hardwood has more versatility and durability, but cannot be sanded and refinished.
Engineered wood allows hardwood to be installed in locations that weren’t always economical before. Engineered hardwood can even be installed in a basement or on a slab without a special subfloor system. This can help to manage your project cost.
Because it is hard to distinguish engineered hardwood from solid hardwood, it still gives your home that same beautiful appearance that homebuyers are after.
Ceramic Tile Flooring
Ceramic tile flooring gives you high value at a low cost. It’s very durable, and has the potential to last forever. Ceramic tile can handle moisture, which is great in humid climates or in a bathroom or kitchen. Ceramic tile is also very easy to clean, and keeps dust and bacteria from collecting on your floor.
Made of earthy materials, ceramic tile imparts a natural ambiance into your home. There are many colors and textures to choose from to find that perfect match for your home’s style.
Prospective homebuyers will especially appreciate updated ceramic tile floors in your bathrooms and laundry room.
If you are on a budget, but want the look and feel of more expensive hardwood floors, you’re in luck. The laminate flooring of today looks more like wood than ever before.
Laminate flooring consists of melamine resin and fiber board material. It’s top layer features an imprinted image of wood that looks exactly like the real thing. Advanced embossing technology allows laminate to very realistically mimic hardwood flooring.
Laminate flooring is affordable for a variety of reasons. It can be installed directly on top of your old floor, eliminating the time and labor costs of removing the old flooring. The materials that make up the laminate are also less expensive than that of hardwood flooring.
Plus, laminate flooring is easy to care for and can withstand lots of wear and tear. It is stain resistant, and does not scratch or blemish easily.
If you select the right laminate flooring, potential homebuyers will be impressed the minute they walk in the door.
How to Choose the Best Flooring Option for Your Home’s Resale Value
When evaluating the investment value of installing new flooring in your home, take stock of what’s popular for your area and neighborhood. Also, keep the sale price of your home under advisement. If your home is of low- to mid-range value, investing too heavily into new flooring may not make sense for your ROI.
Need some expert advice on what kind of residential flooring is the best fit for your home? Give our team a call today at 585-444-0105. We’d love to help you choose the right flooring to give your space the look you’ve always wanted, and so you can get the most money back if and when you’re ready to sell.