But not all floors are created equal. While new flooring is generally a good thing regardless of the kind you buy, some floors increase your home’s value more than others.
Houses are no small asset, so the more valuable yours is, the better your investment. These flooring ideas can boost how much your house is worth before you put it on the market – or make it all the more better to live in.
In the news hub’s list of 11 home features buyers pay more for, about 54 percent said they’d dish out extra funds for hardwood floors, earning hardwood a #5 spot on the list. How much extra, exactly? More than $2,000, per USA Today.
Leslie Piper, Realtor.com’s consumer housing specialist, echoes the report’s finding, according to MarketWatch. She says the majority of buyers are expecting to find hardwood floors in the home they purchase.
It’s this type of timelessness that consumers love. And, as MarketWatch.com points out, there are other perks:
- They’re easier on your feet than tile is. This is crucial for older residents and/or homeowners with back and knee problems.
- They’re easier to clean than carpet. Less dirt, less dust, less allergens, and less work.
Suffice it to say, hardwood floors should be your go-to flooring choice for a property value boost.
Tile’s biggest strength is its durability. Color body porcelain tile, for example, is the toughest residential flooring.
Porcelain is moisture resistant, and any color body tile is going to have a high scratch tolerance. Homebuyers with pets and kids will especially appreciate how long lasting tile is.
Tile is also attractive. Do stick with earthy, neutral tones, like beige and gray, that are in-style – these colors generally match any type of home décor and will let you cast your net wider.
Travertine has universal appeal because it pairs well with most types of décor. When done right, travertine designs can transform a room into an elegant and stately space.
Though it is pricier than tile and vinyl, your investment is a smart one: natural stone lasts forever. It can also handle foot traffic and is versatile enough to install in outdoor areas.
It looks real, for starters. Thanks to advanced printing processes, vinyl is looking more and more like tile and hardwood.
It’s a hot commodity right now. Floor Covering News calls vinyl the latest and greatest flooring trend, and the publication notes that industry experts estimate the category grew between 5 and 8 percent in 2014.
Vinyl can also be less expensive than tile and hardwood, especially hardwood. Couple that with its looks and you have an affordable recipe for adding value to your home.
Floor Covering News says it best: luxury vinyl tile (LVT) gives homeowners both style and durability – without breaking the bank.
The only thing to remember is context: what do buyers expect to find in your home? If you’re living in a niche, high-end neighborhood, vinyl floors won’t cut it. If your home is modest or older, they could be the best option. Vinyl is a must for foundation problems.
According to HGTV, stone is still the number one choice for countertops. Don’t believe us? Granite countertops edged out hardwood floors on USA Today’s list, ranking at #4 (hardwood floors ranked #5).
Some 55 percent of buyers would spend more on a home with granite countertops – about $1,620 more, to be precise. Middle-aged homebuyers valued granite countertops the most (24% of 35-54 year olds), a tidbit to remember when you’re remodeling for resale value.
Granite’s natural beauty sets it apart from other manufactured countertop choices like laminate and quartz.
Its patterns, variations, and colors can’t always be replicated via man-made processes, making it a unique option that appeals to homebuyers. It’s also fairly durable, more so than laminate, as well as easy to clean and maintain.
One thing to remember when you’re buying granite countertops for resale value: don’t customize too much. Pick a color that has broad appeal instead of one that is over-personalized.
Even if that isn’t the case with your home, a new backsplash won’t hurt its value. In fact, it’ll increase it.
HGTV rates kitchens as the #2 renovation for a return on investment, so any tangible improvement you make to your kitchen is lucrative.
But backsplashes are the key to an attractive kitchen design: they’re often the first place the eyes go, and they tie your floors, cabinets, and countertops together.
To get the most value from a new backsplash, don’t settle. So many of today’s backsplashes, frankly, play it way too safe.
Natural stone in itself is a great value-booster, but you can’t just slap a few 4x4 travertine tiles on the wall and call it a day. With glass backsplashes on the rise, that won’t seal the deal. Consult with a designer to find a backsplash that will sell and stands out.