Getting ready to sell or flip a property? Either way, one of the first things you should look at is your flooring. You might not think of it, but first impressions are everything and flooring is very much a part of that. Modern, durable and well-maintained flooring makes your home more desirable. In some cases, this can justify a higher asking price.
However, flooring materials go beyond looks. You have to choose one that boosts your home’s value and attracts buyers in the future. Today, we will discuss the flooring types that offer the best return on investment (ROI). Let’s get into it!
Ways Flooring Affects Home Value
Flooring isn’t just a surface. It says a lot about the overall condition and upkeep of your home. Check out how flooring can increase your resale value:
- First Impressions Count: Buyers form an opinion upon walking into your home. High-quality, modern flooring showcases cleanliness, style and care.
- Durability Equals Value: Hardwood, tile and luxury vinyl plank (LVP) last a long time, which saves buyers money in the long run. No one wants to replace flooring right away.
- Broad Appeal: Wide-plank hardwood and neutral-tone LVP are more universal and increase likelihood of attracting multiple offers. Outdated and damaged floors have the opposite effect.
Flooring Types That Boost Home Value
The “right” flooring can be quite subjective, especially when it comes to how it affects your home’s value. With that said, you’ll never feel short on options. Check out some of our suggestions:
No one can resist the natural beauty of a timeless hardwood floor. It will never go out style, is built to last and solid hardwood can be refinished multiple times. In fact it can last up to a century with proper care and maintenance. For these reasons, hardwood flooring has impressive ROI, especially in living rooms, dining areas and bedrooms.
Want a tip? Stick with classic species like oak or maple and neutral stains—they tend to have the widest universal appeal.
Luxury Vinyl Plank (LVP)
LVP looks like hardwood, but offers the bonus of being completely synthetic. In other words, its layered construction allows it to last longer. These floors have an image layer, wear layer, waterproof core and a strong backing. It is one of the most practical flooring options for kitchens, bathrooms and other high-traffic areas.
What else do you need to know? Choose LVP for a thicker wear layer (20+ mil). These floors offer unmatched durability and buyer confidence.
Tile flooring is fairly universal. It is durable, low-maintenance and thrives in moisture-prone areas like kitchens, bathrooms and entryways. Both porcelain and ceramic tiles are available to suit your needs. They are visually appealing and known for their ability to withstand water damage and wear.
How do you make the most of your tile flooring? Choose neutral tones or classic patterns to attract a broad range of buyers,
Carpet might seem dated at first glance. However, it can work when you use it in the right spaces, despite not being as desirable as hardwood or tile. Buyers love the warmth and comfort it can bring to bedrooms and family rooms. These are the main features it offers that hard surfaces cannot.
If you go with carpet, look for high-quality options with neutral colors. They won’t overwhelm the space or alienate potential buyers.
Choosing Flooring for ROI
When it’s time for new floors, you have to balance cost, quality and buyer expectations. Here’s our advice to make the right choice:
- Understand Your Neighborhood Trends: Buyers compare homes in the same neighborhood so your floors should match the market standard. For example, hardwood is common in upscale neighborhoods, while LVP makes more sense in mid-range markets.
- Focus on Durability and Longevity: Choose materials that are designed to last. Buyers will pay more for floors they don’t have to replace right away. Hardwood, LVP with a thick wear layer and porcelain tile are all great options.
- Put High-Traffic Areas: Invest in high-visibility areas of the home like the living room, kitchen and hallways. Buyers are more picky about these areas because they are spaces they will use the most.
Increase Your Property Value with New Floors
Flooring can increase or decrease your home’s value. By choosing the right materials and designs with broad appeal, you should have no trouble when it’s time to sell. Planning a flooring project in Memphis? Shop at home with King Flooring. We bring the flooring to your doorstep so you don’t have to visit a showroom.
Need new floors? Contact us to schedule an in-home consultation!
