As a real estate expert, I have seen firsthand the impact that flooring can have on the resale value of a home. It's no secret that certain flooring improvements can produce higher returns and attract potential buyers. But which flooring options are the most valuable? After years of experience in the industry, I can confidently say that hardwood is the clear winner, followed by engineered tiles and luxury vinyl rugs and tiles. However, it's important to note that the specific products and quality of work will ultimately determine the extent to which new floors increase a home's value on a case-by-case basis. While there is no concrete data to support the idea, it is generally believed that flooring can significantly impact the resale value of a home.
However, as a homeowner, it's important to prioritize your own needs and preferences when choosing a flooring option, rather than solely focusing on the potential return on investment. After all, you will be living in the home for several years before considering selling it. That being said, homeowners are often thrilled with the results of installing new hardwood floors, as they consistently score high on satisfaction surveys conducted by the National Association of Realtors (NAR). So if you're looking to increase your home's value through remodeling projects, don't overlook your floors.
Luxury vinyl planks
are another great option for those on a budget.They are cost-effective, easy to install, and offer a wide variety of styles to choose from. Plus, they have additional advantages such as being waterproof and durable. However, it's worth noting that these types of flooring are often part of larger remodeling projects, such as bathroom renovations or roof replacements, rather than standalone projects like hardwood or ceramic floors. To help you make an informed decision about which flooring option is best for your home, consider consulting this table which outlines the cost and potential return on investment (ROI) for each type of flooring. It's worth noting that laminate floors are often considered to have a lower resale value compared to solid wood or engineered wood floors. Despite the importance of flooring in a home, it is often overlooked when it comes to increasing value and perception.
While it may not have the same impact as other features like wood or tile, luxury vinyl planks are a fantastic option for those on a budget who still want to improve the quality of their home's flooring. However, there is little to no solid evidence to support the idea that any specific type of flooring provides greater resale value to a home. Ultimately, it's important to prioritize your own needs and preferences when choosing a flooring option. If you're unsure about the current condition of your floors or what remediation options will provide the best return on investment, it's always best to consult with an accredited real estate agent. HomeLight's free Agent Match platform can connect you with an expert agent in your area who has the experience and intuition necessary to help you make the best decision for your home.
And if you're looking for a budget-friendly option that still offers the look and feel of traditional hardwood, consider engineered wood floors which are typically half the cost of standard hardwood.
