Are you thinking about putting your house on the market? If so, you may be looking around to see what kind of projects will help increase the value of your home. Will redoing your floors raise the price tag? Keep reading to find out if this endeavor is worth the investment and what kind of ROI you might be looking at when it comes time to sell.
Will New Floors Increase Your Home’s Value?
According to various real estate agents, replacing worn-out, dingy, and highly trafficked floors with new ones can do wonders when it comes to increasing the value of your home.
Unless someone is looking to purchase a fixer-upper, most homebuyers want a place that is move-in ready. This means not spending thousands of dollars on purchasing updated floors, cabinets, appliances, or windows. So, if you’re unsure whether to swap out your carpet for hardwood, you might find that it will pay off when selling your home.
How Do You Choose Which Flooring Will Lend the Best ROI?
Even if you know you want to change the floors within your home before putting it on the market, you may have questions about which type will ensure the greatest ROI. Here are a few tips to consider:
- Hardwood Floors Mean More Money: While investing in hardwood floors is a costly expense upfront, you will find that most homebuyers are willing to pay more when purchasing a home. Their durability, luxurious feel, and timeless appearance are just a few reasons why 54% of those buying a home admit they will “pay a premium for it,” according to a survey by Frontdoor.com.
- Consider the Room When Deciding on Flooring: It’s best to think about the type of room you plan to install new floors in. The bathroom will be better suited for tile or engineered wood, while the kitchen may hold up better with hardwood or ceramic tile. The kind of foot traffic that occurs in a room can make a big difference, so making sure you lay the right flooring is essential if you want a good ROI.
- Think About the Transition: If the living room flows into the kitchen, there’s likely to be a transition when it comes to the flooring. Make sure to think about the pattern, style, and texture of each before laying anything down. A seamless appearance is what you want – not uneven surfaces that can cause individuals to fall. Buyers want to see a similar look that is consistent throughout the home.
- Consider Affordable Options That Look Expensive: If hardwood isn’t something you can afford, consider more budget-friendly options, like vinyl or carpet. Vinyl can be customized to look similar to wood and is often easier to install. Carpet can also come in various colors and offer a more comfortable feel when walking through a room.
If the idea of increasing the value of your home by 2-5% sounds like a good idea, don’t wait to invest in new flooring. Not only will you enjoy the benefits they provide, but potential homebuyers will be eager to make an offer – one you may be unable to resist.
About Prestige Floors
Prestige Floors is a family-owned and operated business based in Keller. Husband-and-wife team Benson and Ashley Kelly have been improving and transforming the homes of Keller residents and its surrounding communities since 2006. With years of experience and an eye for design, their team is trusted and bonded, and they offer only the very best flooring for eager homeowners. If you want to find ways to increase the value of your home before putting it on the market, contact us at (817) 422-5343 to schedule your free in-home estimate.