If you’re selling your home, you’ve probably made a list of projects you want to tackle in order to boost your chances of selling quickly at a great price. Certain home improvements have a better chance of increasing your home’s resale value, such as upgrading your flooring. Here’s a look at the best flooring choices if you want to upgrade your flooring for resale value.
Genuine Wood Flooring
Choosing genuine wood has the greatest return on investment of all flooring options. Real wood floors range in cost from $5-$10 per square foot, but installing genuine wood flooring in your home can increase the home’s resale price as much as 2.5%. The average return on investment for installing real hardwood floors is 70-80%, which is much higher than other options. However, the overall project cost is also higher.
In some parts of the country, certain types of wood flooring are even more appealing and sought after. For instance, in New York State, wide-plank hardwood floors are the most popular and offer the best selling point in the real estate market. Most real wood flooring costs around $5-10 per square foot and then an additional $4-8 per square foot for professional flooring installation.
The primary appeal of vinyl tiles for both homeowners and those selling their homes is that it is inexpensive but effective. If you need a fast, easy fix for old flooring that is no longer looking its best, vinyl tiles are an easy way to dramatically improve the appearance of your home. Vinyl tile also comes in a much wider variety of colors, designs, and finishes than ever before, so if you’re willing to spend a little more, you can get very attractive tile for much less than you would spend on wood flooring or natural stone tile. If your home is older and you’re trying to enhance the vintage aesthetic but can’t afford to install all-new hardwood floors, then vinyl tiles or vinyl plank flooring may be the way to go. Vinyl plank flooring looks like hardwood, but is durable, waterproof, pest-resistant, and easy to install. Vinyl plank flooring starts at $5 per square foot, and vinyl tiles range from $1-5 per square foot.
Ceramic tiles are a more universally appealing flooring for resale value. Ceramic tile is versatile, classy, and timeless, but it does have a larger price tag. Ceramic tile ranges in cost from $12-25 per square foot, but if it is professionally installed by a flooring contractor, it can offer a return on investment of up to 200%. On average, the return on investment for ceramic tiles is around 70%, roughly the same as natural wood flooring.
Porcelain tiles are beautiful, and are denser and more durable than ceramic tiles. With the right care and professional installation, porcelain tiles will look amazing for decades. The only downside of using porcelain tiles over ceramic, vinyl, or natural wood floors is that they are much more expensive. They also should always be installed by a professional flooring contractor – it is not a DIY job. Porcelain tiles range from $18-32 per square foot, and offer an average return on investment of around 55%.
Natural Stone Tiles
Natural stone tiles vary in appearance, quality, and cost. When properly installed and sealed, they are durable, aesthetically pleasing, and can last a lifetime. Certain natural stone can actually repel buyers, however, depending upon their taste. Granite and travertine are typically the most loved for both the drama and style of their appearance, but they are also the most expensive. Natural stone tiles range from $12-35 per square foot, and should be professionally installed and sealed by a flooring contractor. The average return on investment for natural stone tiles is around 55-70%
Marble tile flooring is probably the most expensive option, which is why it offers a lower return on investment. However, depending on your home’s overall aesthetic and your local housing market, marble floors may be a huge statement that gets your home noticed above all others on the market. Marble tiles cost around $18-44 per square foot, and more for professional installation and sealing. The return on investment is around 50% because some potential buyers may be deterred by marble flooring’s upkeep and maintenance needs.
Carpeting is a very inexpensive option for upgrading flooring for resale value, but it has fallen out of fashion for the modern home buyer. Installing carpeting is a fast, easy way to refresh your home’s appearance, but it may turn off more buyers than it attracts. If you can’t afford natural wood or vinyl planks, then carpeting might be your next best option. Many potential home buyers don’t like the look of carpeting, the maintenance it requires, or the fact that it traps so much dust, dirt, and allergens. However, carpeting may be the most affordable and convenient option for areas like bedrooms and hallways. Most carpeting costs around $4-7 per square foot, and the return on investment is only around 24-40%.
If you’re getting ready to sell your home and trying to decide how to upgrade your flooring for resale value, come see us at Abatiello Design Center. Our experts in flooring and design can help you choose the perfect new flooring installation for your budget, the current housing market, and your needs. We offer a wide variety of luxury vinyl, real hardwood, carpeting, tile, stone, and laminate flooring, so we can absolutely find the right flooring for resale value for your home. We’ve been in the flooring business since 2007, and value our clients and community throughout Vermont, New Hampshire, and Upstate New York. To learn more about our professional flooring services or to schedule a consultation, call us today at (802) 773-6300 or contact us online.