As a home improvement expert, I have seen firsthand the impact that new flooring can have on the resale value of a house. It is one of the most rewarding projects you can undertake, as it not only increases the value of your home but also makes it more attractive to potential buyers. So, to answer the question “Does putting in new flooring increase home value?” the answer is a resounding yes, as long as you make smart choices. Not only does new flooring add value to your home, but it also helps it sell faster on the market.
As with any investment, there are certain tips and tricks that can help you maximize the return on your investment. In this article, I will share 5 professional tips for choosing and installing new flooring that will not only increase your home's value but also make it more appealing to potential buyers.
Choose Quality Materials
When it comes to flooring, quality is key. While it may be tempting to opt for cheaper options like laminate or vinyl, investing in high-quality materials will pay off in the long run.According to the National Hardwood Flooring Association, 99% of real estate agents agree that homes with hardwood floors are easier to sell, and 90% say they sell for more money. So, if you want to maximize your home's value, hardwood floors are the way to go. However, if hardwood is not within your budget, luxury vinyl is another great option. It offers the look of various wood varieties at a fraction of the cost.
Just make sure to consult with a professional flooring company to ensure proper installation and transitions between rooms.
Consider Your Home's Style
When choosing new flooring, it's important to consider your home's overall style and aesthetic. While exotic woods and high-end materials may be appealing, they may not fit with the style of your home or the budget of potential buyers. It's important to strike a balance between quality and affordability.Additionally, consider the function of each room when choosing flooring. For example, a bathroom may benefit from tile or luxury vinyl, while a bedroom may be better suited for carpet. The flooring you choose should complement the room's purpose and design.
Invest in Proper Installation
No matter how high-quality your flooring materials are, improper installation can greatly diminish their value.That's why it's crucial to hire a professional flooring company to ensure that the installation is done correctly. They will also be able to advise on any necessary repairs or adjustments to ensure that the floors are level and match well with the rest of your home.
Don't Overdo It
While new flooring can add value to your home, it's important not to go overboard. If your current floors are in good condition or only need minor repairs, investing in new flooring may not significantly increase your home's value.It's important to weigh the cost of installation against the potential increase in value. Additionally, avoid trendy flooring options that may not appeal to all buyers. Stick with classic and timeless choices that will appeal to a wider range of potential buyers.
The Bottom Line
In conclusion, installing new flooring is a wise investment that can greatly increase the value of your home.By choosing quality materials, considering your home's style, investing in proper installation, and avoiding overdoing it, you can maximize the return on your investment and make your home more attractive to potential buyers.
