What Kind of Flooring Increases Your Home's Value?
Of all of the fundamental features that can affect the value and perception of a home, flooring is often the most overlooked. If you’re planning to remodel your home and want to understand where to invest your time, energy, and money in remodeling projects that will increase value, you need to take a hard look at your flooring.
When it comes to flooring, there are lots of options to choose from, and lots of factors that may influence which type of flooring is best for your situation.
We researched the top flooring reports and spoke to expert real estate agents to create this guide to help you make the most informed decisions about flooring. Here’s exactly what to make of your home’s floors, and what flooring investments are worth the effort.
A HIGH ROI:
According to a recent study conducted by the National Association of Realtors®, 90% of homeowners who upgrade to hardwood floors have a greater desire to be home and 77% have an increased sense of enjoyment when they are home.
Additionally, the same study showed that refinishing hardwood floors yielded 147% cost recovery, and installing new wood floors yielded 118% cost recovery in terms of the increased resale value as compared to the cost of the project. Below are some other budget-friendly options that may provide a fantastic aesthetic and durable functionality. It is important to note the vinyl tile and stone categories which have quickly emerged as innovative products with great functionality:
And last but not least, we recommend this simple test to determine if your floors are in good shape (be honest!):
Would you walk barefoot through the house?
Would you let a baby play on the floor?
Does the 5-second rule apply if you drop your favorite snack on the floor?
If the answers to these questions leave you shaking your head, then it’s time for a replacement and we can definitely help!