If you’re prepping your home to sell for the highest value, you have to factor in your home’s current condition and the cost of various flooring options weighed against the potential increase in value for each option. Which type of flooring provides the best value to home sellers?Īt the end of the day, you need to consider more than just which type of flooring buyers want most. But now we’re trending toward the luxury vinyl tile and laminate type of flooring.” Twenty years ago carpet was in, and then the hardwoods started coming back. According to Singsheim, “There’s been quite a big change in the last few years. There are other budget-friendly options that may provide a fantastic aesthetic and durable functionality. An uptick in flooring sales bega in 2021 as people poured money into home renovations, including in carpeting, which is still a popular choice for bedrooms Hardwoods are a solid flooring choice, with a few styles making it to the top of everyone’s list but you can still make a great sale on your home even if it isn’t fully decked out in the materials of the moment. Homeowners also love the results, with installing new wood flooring scoring perfect marks in NAR’s assessment of homeowner satisfaction with remodeling projects. According to a recent study conducted by the National Association of Realtors®, 90% of homeowners who upgrade to hardwood floors have a greater desire to be home and 77% have an increased sense of enjoyment when they are home.Īdditionally, the same study showed that refinishing hardwood floors yielded 147% cost recovery, and installing new wood floors yielded 118% cost recovery in terms of the increased resale value as compared to the cost of the project. It’s no surprise - hardwood flooring has long been the top choice for buyers and agents alike, and remains so in today’s market. Which types of flooring do buyers look for? Here’s exactly what to make of your home’s floors, and what flooring investments are worth the effort. We researched the top flooring reports and spoke to expert real estate agents to create this guide to help you make the most informed decisions about flooring. When it comes to flooring, there are lots of options to choose from, and lots of factors that may influence which type of flooring is best for your situation. It sets the tone and mood for the entire home,” explains Joseph Singsheim, a top real estate agent in Milwaukee, Wisconsin, who sells homes 43% quicker than the average agent in his area. “Besides the basics like your roof and mechanical things, flooring is the next most important factor that influences how buyers feel about your home. If you’re planning to sell your home and want to understand where to invest your time, energy, and money in remodeling projects that will increase value, you need to take a hard look at your flooring. Of all of the fundamental features that can affect the value and perception of a home, flooring is often the most overlooked.
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