The Floor That Sells: What Kinds Of Flooring Affect The Resale Value Of Your Home
Did you know that the flooring in your home can have a huge effect on its resale value?
Pretty much any major change that you make to your home is going to have at least some effect on what you’ll get when you decide to sell. That doesn’t mean that you shouldn’t make renovations, though.
Most things you do will improve the resale value, but it’s good to know what won’t so you can avoid putting money into major projects that are going to hurt it. Flooring can go either way. In this post, we’re going to tell you which kinds of flooring will affect the resale value of your home, both positively and negatively.
When you’re done reading this, you’ll know whether or not you should rip up that linoleum in the kitchen. Let’s dig in.
Which Kinds of Flooring Will Affect Resale Value?
There are many factors that inform this discussion, personal preference being the most important. You’ll also need to take climate into account, as well as what typically goes in different rooms. Hint: If you want to make money on your flooring, don’t cover up the hardwood in your bathrooms with carpeting.
As you might have guessed, wood flooring is the way to go in your home. It’s got the best return on investment because it’s durable, it looks good, and everyone loves it.
The only downside to getting wood floors in your home is the cost per square foot and the installation costs. However, experts say that wood floors can increase the value of a home by nearly 3%.
Some woods are more sought after than others. Oak and walnut are popular in most regions and thus, cost the most.
Porcelain, Stone, and Marble Tile
In certain climates, wood isn’t always the best answer for your home. Hot and humid places like Florida or east Texas make having wood floors tough. Because of the humidity, wood can warp and grow mold.
As a result, in these areas, porcelain, stone, and marble tile take precedent. All of these materials are quite attractive to buyers, but the sheer cost of the materials and installation are going to lower your ROI.
Porcelain ranges anywhere from $18-$32 per square foot, depending on who’s installing it. If done well, it can easily be the best flooring option for resale.
Stone tile costs a bit less, but it’s a specific look that not every buyer is going to love. Marble tile can cost as much as $44 per square foot and the potential maintenance may be too much for some buyers.
Carpet is considerably cheaper than other forms of flooring, but for that reason, most buyers will be turned off by it. If you’ve got carpet in your home now, consider removing it and going with one of the cheaper tiles or wood before selling. Even though it’s more work now, it could increase the value of your home.
Make Sure Your Flooring Makes Sense
The different kinds of flooring in your home shouldn’t be its best feature. If you’re aiming to sell a low-to-mid priced home, then don’t expect to make extra money because you’ve put marble tile in every room.
If you’ve got a large upscale home, then your marble tile might help you get a few extra bucks. The bottom line is that Americans love wood flooring and they’ll pay extra for a home with it already installed, so pulling up the carpet in the living room might not be a bad idea in the short and long run.