As a real estate expert, I have seen firsthand the impact that flooring can have on the resale value of a home. It's no secret that buyers are willing to pay more for a home with high-quality flooring, and the numbers back it up. According to industry professionals, installing hardwood floors can yield an average ROI of 70 to 80%, with the potential to increase the selling price by up to 2.5%. So, if you're looking to get the most out of your investment, hardwood floors may be the best flooring option for your home. While measuring the true return on investment for flooring can be challenging, experts estimate that homeowners can recoup about 106% of their costs by installing new hardwood floors before selling.
Solid wood is a type of hardwood that is made from 100% solid wood and then milled into specific thicknesses and widths. The result is a stunning wooden floor where no two pieces are exactly alike. Another popular option is engineered wood flooring, which offers comparable ROI to solid wood. Ultimately, the choice between the two comes down to personal preferences and needs.
Both types of hardwood floors are made from 100% wood, but engineered wood is constructed with layers of wood veneer for added durability and resistance to moisture. But what if you're looking for a flooring option that can withstand high humidity and moisture? Look no further than waterproof floors. These floors offer the perfect combination of beauty and practicality, making them ideal for areas like kitchens, laundry rooms, and basements. From genuine hardwood to LVT, the options for waterproof flooring in your home are endless. And the best part? You can find a waterproof floor that fits your budget and style. If you're concerned about the design aspect, don't worry.
Laminate floors now come in a variety of styles that mimic popular wood species like cherry, oak, and walnut. While plank and vinyl tile floors may not increase the value of your home as much as laminate, they can still make a significant difference in the longevity of your floors, which is crucial in a competitive real estate market. One mistake that can significantly lower the resale value of your home is installing two different types of flooring in the same area. If you choose hardwood for your kitchen, extend it to your living room and other highly visible areas of your home. And for walk-in closets, consider installing waterproof floors to withstand moisture and heavy foot traffic. When it comes to increasing resale value, the most expensive flooring improvements tend to have the highest returns.
And hardwood is the clear winner, followed by engineered wood and tile. Luxury vinyl rugs and tiles also add comparable value, making them a more affordable option. However, the specific products and quality of work will ultimately determine how much value new floors add to your home on a case-by-case basis. It's no surprise that homebuyers are willing to pay more for a home with solid wood floors. With its classic design and ability to be restored repeatedly, solid wood flooring is a timeless investment.
On the other hand, marble tile floors are typically the most expensive option and offer a lower ROI. But if you're looking for a quick and easy solution for old floors that need a facelift, vinyl tiles are an excellent option. I highly recommend checking out Beauflor's flooring products, which offer an elegant collection of vinyl plank flooring designs that can transform the look of your basement. Before diving into specific flooring options, let's discuss projected costs and resale values for hardwood, engineered wood, tile, and carpet. Keep in mind that the overall aesthetic of your home and the local real estate market can also play a role in determining which flooring option is best for you.
For example, while marble floors may not offer the highest ROI, they can make a statement and set your home apart from others on the market. And even though vinyl may not add as much value as other flooring options, it can significantly improve the overall habitability and quality of your listing, especially if your current floors are worn out or damaged. So, what flooring options will give you the best value for your money and increase the resale value of your home? In the next section, we'll discuss the most sought-after flooring options among homebuyers and provide some cost-effective home remodeling projects that can help boost your home's value.
