Replacing floors may not excite homeowners as much as kitchen or bathroom remodels but updating these is a great way to refresh your home’s interior and add to resale value.
There are numerous flooring options out there, but these three choices consistently match attractiveness with solid returns.
Hardwood: high expense, high returns
Despite its high cost and tendency to shrink and swell with temperature changes, hardwood remains a top choice for flooring because of its timelessness and durability. Hardwood floors typically last 10 to 30 years and can be refinished up to five times over their lifetime. They also have a great return with ROI averaging between 70% and 80%.
Choose common wood species like oak, cherry, and maple. These are durable and flexible enough to complement a variety of decor styles. Moreover, they don’t have the hefty price tags of more exotic woods like walnut or Brazilian teak.
Hardwood floors last longest in areas with light to moderate traffic. So, plan to install them in living, dining, and family rooms.
Luxury vinyl: an affordable faux wood alternative
If you don’t have the budget or desire for hardwood floors, you can draw buyers in with the next best thing. Luxury vinyl planks give the appearance of real wood and do away with the disadvantages.
Unlike hardwood, vinyl tolerates moisture well, is inexpensive, and holds up well in wet and heavy traffic areas. (Think kitchen, bathroom, stairs, entryways.) It’s also just as durable as wood, lasting anywhere from 10 to 20 years.
Two disadvantages about vinyl flooring: It won’t add much to your home’s value and will scratch with sharp or pointed objects. However, the cheap material and its installation costs keep more money in your pocket for other home improvements, making it an attractive compromise.
Tile: a (nearly) maintenance-free favorite for kitchens and bathrooms
Because of its high resistance to scratches, dents, and moisture, tile (especially ceramic and porcelain) is a logical choice for kitchen and bathroom floors. Tile flooring also has an ROI that ranges from decent to great, depending on the material. Glazed ceramic has the greatest return (70%) because most of the cost goes to labor rather than material. Marble has the least returns (50% or lower) because of its high upkeep and susceptibility to staining.
If you’re not too bothered about its cold feel in winter and the tendency to amplify noise, tile is the go-to for a truly wide range of color and style options.
Ready for new floors? Consider these first
Ripping up old floors and installing new ones can be costly in three aspects: time, labor, and materials. Trends vary across neighborhoods, buyers, and price ranges, so watch for local trends.
To find out which flooring options are luring buyers in your area, consult with an agent and maybe visit a few open houses. Your agent’s advice and moderate sleuthing will point you to the best options when it’s time to prepare your floors for a sale.
To get expert advice on flooring replacement and other value-boosting home projects, get in touch with us, the Valarie R. Brooks Real Estate and Life Style Properties team. We’ve been successfully putting up Charlotte houses for sale for a decade. We draw our in-depth knowledge of the market from two decades of experience, placing us in the top tier of real estate agents in Charlotte, NC. Call us today at 704.488.5458 or send an email to Valarie(at)ValarieRBrooks(dotted)com.