What Flooring Choice Is Best For Resell Value?

What Flooring Choice Is Best For Resell Value What Flooring Choice Is Best For Resell Value?

When you are remodeling or updating your home, the last thing you are probably thinking about is moving. Yet ultimately it’s the reason for making updates – to increase your resell value.

Some types of flooring make future homeowners say “wow”. And others, not so much. Even if you have no plans on selling your home right now, it is always a good idea to make improvements that increase the value of your home – just in case you ever change your mind. If you do change your mind and decide to sell, you will not have to spend even more money making improvements.

While it is not possible to ensure an increased resell value with the installation of particular flooring, you can get a better idea of which flooring is best. Here are a few general rules:

  • When it comes to selling a home, homes that are worth $50,000 – $100,000 usually have some sort of vinyl and carpeting inside.
  • Homes with a value of $100,000 – $200,000 most likely have carpeting, tile and/or stone flooring.
  • Homes that are worth more than $200,000 usually have hardwoods, tile and area rugs.

Vinyl is still one of the most popular choices for bathrooms and kitchens – but, in more expensive homes, you will likely see tile or stone.

While carpeting is still a popular choice for living areas and bedrooms, there is definitely an increase in the popularity of hardwoods and laminate flooring for these areas.

Carpeting has not been given up, by any means – about 62 percent of flooring sold is carpeting. However, more and more people are turning to sleeker, more elegant looks when it comes to flooring – such as hardwoods, laminates, ceramic tiles, stone flooring, bamboo, and cork floors.

When trying to choose a flooring to increase the resell value of your home, keep your home’s current and potential value in mind. You do not want to add too much of an expensive item to a home with the hope that it will sell for much more than it can ever be worth. In other words, you cannot expect a home in a neighborhood of $100,000 houses to sell for $250,000 – no matter what type of flooring it has.

Stick to the flooring that is best suited for the current and predicted value of your home. If necessary, talk to a realtor about which options are best for your home.

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