Flooring choice can definitely effect the resale value of your home. Before you invest there are a few things you should know:
Hardwood Flooring Will Increase Resale Value
The ongoing trend toward preference for hardwood flooring shows no signs of slowing down. Wood floors are pricey, costing at least double that of installing carpet.
However, in the long run, the investment in wood floors will pay off later. Hardwood will easily outperforms carpet, lasting decades—even centuries—versus the 8-10 year lifespan of most carpet. In addition, carpet typically requires semi-annual professional cleaning which can cost hundreds of dollars in upkeep expense.
In terms of wood flooring trends you must choose wisely, the wide plank is still king, with four to six inch planks being the preferred width today. The type or shade of the wood flooring is still trending towards lighter tones in blonde or grey hues.
What if You Cannot Afford Hardwood Flooring?
If wood flooring is not in the budget, consider one of the excellent engineered woods, or even laminates. These products achieve the general decor aesthetic desired but are considerably less expensive than hardwood flooring. Of course, the durability and lifespan of the laminate floor materials will not match that of the solid hardwoods, with a lifespan of 10-30 years. However, engineered wood products, depending on the thickness of the top layer will last significantly longer.
Tile is Still In
Tile flooring, both natural stone and porcelain, is still in vogue. The large size tiles, such as 20” x 20” or larger, are preferred because they make a room appear larger and, because of fewer grout lines, pack more visual punch.
Stick to lighter neutrals for the best resale value. Large format tiles are trending, the rectangular shapes in sizes such as 24” x 72” all the way up to 6’ x 10’ in size. Interesting patterns can be achieved by varying the tile shapes and sizes of the same tile finish for dramatic effect.
Wood-look tiles made of ceramic or porcelain are another option when looking for a wood floor but with suitability for kitchens and baths where moisture can be an issue for hardwood.
Tile is a fantastic option for high traffic areas. It is durable and very low maintenance, installation is a breeze, and you can easily add visual interest to any bathroom or kitchen.
The Low Maintenance Flooring Option
Concrete floors have been steadily rising in popularity, especially among millennials. Concrete floors are incredibly durable and low maintenance. Using different stains, dyes, paints, and aggregates, the concrete floors can acquire many different stylized looks, from urban and industrial to sleek and modern.
Sustainable Flooring Options
With the increasing awareness and sensitivity toward climate change and sustainability, certain types of flooring have found favor in recent years.
Bamboo floors are made of the fast-growing bamboo grass, a renewable and sustainable plant. Bamboo flooring is attractive, extremely durable, and water-resistant. Cork flooring is made from the bark of the Cork Oak tree, and offers a comfortable, flexible walking surface that is low in volatile organic compounds emissions.
When selecting new flooring for the home, it is always wise to consider resale value, even if you intend on remaining in the house for many years. Making sound flooring selections that add value to the home will always be a wise move, no matter how long you stay.
What Do Real Estate Pros Have To Say About Flooring Choice and Resale Value?
Without question, real estate professionals will tell you that nothing beats hardwood when it comes to positively impacting the selling price of the home and the ease of selling it. Wood flooring adds a comforting interest to a home, giving it a warm, clean vibe that definitely resonates with buyers.