Have you ever walked into a home and instantly felt like something was missing? Often, it’s the flooring that sets the stage for how a space feels. However, as presale renovations go, flooring is frequently overlooked. Whether you’re updating your home or prepping to sell, the right flooring can completely change not only the vibe of a property but its value as well. Refreshing tired floors or installing modern flooring options like luxury vinyl plank (LVP), hardwood, or tile in key spaces not only updates the aesthetic of your home, giving it a newer feel, but can also increase its value and marketability.
But how much value does new flooring really add? Well, that depends on several factors, such as the type of flooring you choose, how well it fits with the home’s style, and even where you live. It’s not just about spending money; it’s about making a wise investment that’ll pay off. The right flooring choice can mean the difference between wowing buyers or being filed as just another house they’ve seen. Here are all the details you need to know about updating your floors to help your home sell faster and for more money.
Table of Contents
The Benefits of Installing New Flooring During Sale Prep
When you install new flooring, it’s about more than just curb appeal. You’re also enhancing your home’s overall functionality and value. Whether the update gives your rooms a modern feel or adds durability where it counts, new flooring can make a noticeable difference. Here are a few key benefits to keep in mind:
Aesthetic Appeal:
First impressions are everything, right? Flooring plays a huge part in that. Walking into a home with fresh, updated flooring makes the space feel polished and well-maintained. It’s like giving your home an instant facelift without knocking down any walls. From sleek hardwood to cozy carpet, the right flooring pulls the entire look of a room together, making it feel cohesive and inviting.
Durability and Practicality:
It’s not just about looks, though. Flooring needs to be functional. Durable options like tile, luxury vinyl plank (LVP), or hardwood flooring are tough, easy to clean, and can withstand daily wear and tear, giving them a long-term value that buyers recognize.
Higher Resale Value:
Now, for the numbers game. According to recent analysis, refreshing worn or out-of-date floors offers one of the most significant returns when prepping a home for sale. In fact, the National Association of Realtors (NAR) 2022 Remodeling Impact Report showed that hardwood floor refinishing has an impressive ROI of 147%. This means that for every $3,000 you spend on refinishing, you could add approximately $4,410 to your home’s resale value. Other materials, like Luxury Vinyl Plank (LVP) or tile, may not add quite as much in terms of value but can still offer a solid return.
Energy Efficiency:
Did you know that flooring can impact a home’s energy efficiency score? Yep. The concept is simple: different flooring materials have different thermal properties, which can affect how heat is retained or dissipated in a room. For instance, carpet acts as insulation, keeping rooms warmer in the winter, while tile or stone floors help cool things down during those sweltering summer months.
Types of Flooring and Their Value Impact
Not all flooring is created equal. Some types will bring more value than others, depending on the area of the home and the market you’re in. Let’s break down the most common types and how they stack up in terms of value:
Hardwood
Think of hardwood as the little black dress of flooring. It’s classic, timeless, and always in style. Buyers love it, and so do real estate agents. Hardwood floors are known to bring a great return on investment (ROI). Hardwood can boost your home’s value by as much as 2.5%, depending on the type of wood and installation.
Tile Flooring
Versatile, durable, and water-resistant, tile is a popular choice for kitchens, bathrooms, and entryways. It comes in so many styles that it’s easy to find something that fits your home’s aesthetic. From sleek porcelain to hand-painted ceramic, the options are endless. Tile doesn’t add quite as much resale value as hardwood, but it’s still a solid investment. It’s especially valuable in rooms where moisture is an issue, like bathrooms.
Carpeting
Carpet might not be as hot as hardwood or tile in terms of resale value, but it’s still a popular choice for bedrooms and living rooms. There’s something about the softness underfoot that feels homey. While it doesn’t add as much long-term value, fresh carpet in neutral colors can still help sell a home—especially if the previous floors were outdated or worn.
Laminate Flooring
If budget is a primary concern, but you still want the look of hardwood, laminate can be a great alternative. It mimics the look of wood, stone, or tile without the high price tag. Laminate flooring won’t boost your home’s value as much as real hardwood, but it’s still a cost-effective way to update the space. It’s an especially good option in rental properties or vacation homes where durability is key, but spending top dollar isn’t necessary.
Luxury Vinyl Plank (LVP)
LVP is quickly becoming one of the most popular flooring choices, and for good reason. It’s water-resistant, durable, and looks a lot like real wood. It’s perfect for kitchens, bathrooms, and high-traffic areas. While LVP isn’t as prestigious as hardwood, it offers a solid return on investment. New homebuyers appreciate its durability and low maintenance.
Natural Stone and Specialty Flooring
Nothing beats natural stone like marble, granite, or travertine for high-end homes. These materials are often found in upscale homes, adding a luxurious, custom feel. Keep in mind that stone floors can be a significant investment, but in the right market, they can pay off in the end. Buyers looking for a luxury home will appreciate the craftsmanship and high-end feel.
Factors to Consider When Updating Flooring
Choosing the right flooring isn’t just about picking what looks good. You’ve got to consider the practical side, too. Here are some essential factors to keep in mind when making your decision:
- Foot Traffic: High-traffic areas like kitchens, hallways, and entryways need durable flooring. Buyers recognize that tile, LVP, or even laminate can better withstand the wear and tear of daily life than carpet.
- Style: Flooring should complement the overall design of your home. A rustic farmhouse might call for wide-plank hardwood floors, while a modern condo could benefit from polished concrete or sleek tile.
- Eco-Friendliness: Sustainable options like bamboo or cork are becoming more popular. These renewable materials can appeal to environmentally conscious buyers.
- Return on Investment: Consider your flooring choice in terms of how much it’ll add to your home’s value. Hardwood and tile tend to offer the highest ROI, while carpet and laminate provide more moderate returns.
Tips to Maximize the Value of Your Flooring Update
Here are a few practical tips to help you get the most value from your new floors:
Consistency:
Using the same flooring throughout the main living areas creates a seamless look that feels more spacious and cohesive. It’s a small design trick that makes a big difference.
Room-Specific Choices:
Not all rooms need the same type of flooring. Bedrooms might benefit from the warmth of carpet, while bathrooms and kitchens are better suited for water-resistant options like tile or LVP.
Professional Installation:
It might be tempting to DIY your floors, but professional installation ensures a better finish and longevity. Plus, poorly installed floors can actually detract from your home’s value.
Neutral Colors and Classic Styles:
Opting for neutral tones and timeless styles makes your flooring more appealing to a broader range of buyers. Bold or trendy choices may be fun for personal taste, but neutral, classic options tend to have a longer-lasting appeal.
Keep Extra Materials:
When installing new floors, it’s a good idea to keep some extra material on hand for future repairs. This is especially important if you’re selling. Buyers will appreciate knowing they can easily match the flooring if any damage occurs.
Helping You With Pre-Sale Prep!
When you’re ready to put your Durango home on the market, CFS Design Center can help you determine what will make the most significant impact on potential buyers. Contact us today for a free consultation on how to get the most bang for your buck with your presale flooring update.