If you’re thinking of listing your home, consider that flooring plays a critical role in shaping buyer perception. Well-chosen, high-quality flooring can impact how fast and how much your home sells for.
However, not all flooring types are made equally. Some materials, like hardwood and luxury vinyl plank (LVP), have a higher return on investment (ROI), while outdated or worn-out flooring can decrease your home’s value.
It’s time to find out which types of flooring increase home value, compare popular materials, and provide tips to maximize your investment.
Impact of Flooring on Home Value: Why It Matters
Your flooring reflects your home’s quality, upkeep, and overall desirability. Here’s how it impacts your home’s value:
- First Impressions Count: Buyers judge, and modern, well-maintained flooring are a great way to make a great impression.
- Durability is a Selling Point: Homebuyers value durable materials that require minimal maintenance, which makes hardwood, tile, and LVP more appealing.
- Market Trends Matter: Choosing flooring that aligns with current buyer preferences increases your chances of multiple offers and a faster sale.
A Word of Advice: Outdated flooring, worn-out carpets, or mismatched materials can turn buyers away, leading to lower offers and a tougher time selling.
Impact of Hardwood Flooring on Home Value
Why Hardwood Flooring Adds Value:
- Timeless and elegant, fitting a variety of interior styles.
- Can be refinished multiple times, extending its lifespan.
- Offers an ROI of up to 2.5%, making it one of the best flooring investments.
Best Hardwood Choices for Resale Value:
- Solid hardwood: Most desirable, with species like oak, maple, and hickory being top picks.
- Engineered hardwood: More affordable, but still boosts home value, especially in areas with changing humidity.
A Word of Advice: Choose neutral wood tones like light oak or warm walnut because bold color choices have limited buyer appeal.
Impact of Luxury Vinyl and Laminate Flooring on Home Value
Luxury Vinyl Plank (LVP) and laminate flooring are cost-effective alternatives that mimic the look of real wood with the additions of water resistance and durability.
Why LVP and Laminate Are Smart Choices:
- Affordable yet stylish: Offers the look of hardwood without the high cost.
- Water-resistant options available: Ideal for kitchens, bathrooms, and basements.
- Scratch-resistant and easy to maintain: A major selling point for families and pet owners.
LVP vs. Laminate: Which is Better for Resale?
- LVP: Higher water resistance, longer lifespan, and preferred by buyers.
- Laminate: Still a good option, but less durable in high-moisture areas.
A Word of Advice: Choose high-quality LVP with a thick wear layer (20+ mil) for durability and buyer reassurance.
Impact of Tile Flooring on Home Value
Tile flooring thrives in moisture-prone areas and those with heavy foot traffic, including bathrooms, kitchens, and entryways.
Why Tile Flooring Works for Resale:
- Extremely durable and long-lasting.
- Water-resistant and low-maintenance, making it perfect for wet areas.
Modern designs, like large-format tiles, attract buyers looking for sleek, contemporary aesthetics.
Impact of Carpet on Home Value: Does It Help or Hurt?
Carpet is a controversial flooring choice when it comes to home value. While some buyers appreciate its warmth and softness, others see it as dated and difficult to maintain.
When Carpet Works for Resale:
- High-quality, neutral-colored carpet works best in bedrooms.
- Provides comfort and sound absorption, which is ideal for family homes.
When Carpet Lowers Home Value:
- Stained, worn, or outdated carpet is a major turn-off for buyers.
- Wall-to-wall carpeting in main living spaces is less desirable than hardwood or LVP.
High-ROI Flooring Upgrades for Sellers
If you’re ready to list your home, consider these top flooring upgrades to increase home value without breaking the bank:
- Refinish hardwood floors instead of replacing them.
- Upgrade old carpet to LVP for a more modern look.
- Stick to neutral tones for broad buyer appeal.
- Fix damaged or uneven flooring before showings.
A Word of Advice: Buyers consistently prefer hardwood, LVP, and tile in high-traffic areas. Carpet only really works in bedrooms and low-traffic areas.
How to Choose Flooring Based on Your Market
Everywhere has their own trends. Before upgrading your flooring, consider the following factors:
- Check neighborhood trends: If homes in your area have hardwood, installing carpet may lower your home’s value.
- Prioritize durability: Buyers want flooring that lasts and requires minimal upkeep.
- Upgrade high-traffic areas first: Focus on living rooms, kitchens, and entryways where flooring makes the biggest impression.
A Word of Advice: Does Carpet Reduce Home Value? It depends. If it’s new, high-quality, and used in the right areas (like bedrooms), it can still add comfort. But outdated, worn carpet should be replaced before listing your home.
Best Flooring to Increase Home Value
Flooring plays a major role in determining your home’s resale value. By choosing durable, modern, and widely appealing materials, you can maximize your ROI and attract more buyers.
Thinking of upgrading your flooring before selling? Visit Floor Inspirations today for expert advice on choosing the best flooring for resale value! Contact us to get started!
