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How a Stylish New Floor Increases your Home's Value

Nov 30, 2021

How do you get the highest return on the home upgrades you do?

This is the question that everyone wants the answer to. If you want a quick and easy way to increase your home’s value by up to 10%, then flooring is certainly the way to go. New flooring can be installed in a matter of days, it’s one of the fastest home upgrades you can do, and it’s also able to give you one of the highest returns on your investment. If you want to find out more about which floors are worth the most, or if you want to make the biggest profit on your property then this is the guide for you.


Hardwood Floors


The average ROI for hardwood floors stands at around 80%. This makes it a worthwhile investment for anyone who wants to increase the value of their property. Another bonus is that hardwood is highly sought-after by buyers. It’s actively searched for in a lot of potential homes and the cost of installation is sometimes lower than other alternatives.


Tile, Marble and Stone


Tile, stone and also marble can give you an ROI of around 70%. This is a great alternative to hardwood if you live in a tropical climate. Mould and warping tend to be a common concern in environments like this, so opting for marble could be the best way forward if you have concerns like this. The downfall of marble or stone is that they can be pricey to purchase, and they are more expensive to install, but still a good investment.


Vinyl and Linoleum


Vinyl and linoleum can give you the look of hardwood without you having to worry about the price. Flooring types like this tend to give you plenty of options, in size and colour. They are also cost-effective. This flooring is the more affordable option out of the two, but you lose out on the same ROI that you get with hardwood. If you are on a budget and if you want something that’s going to replace the worn-out or tired flooring that you have now though, then this could be a very good option.


Carpet



Carpet is very affordable when you compare it to other options. You can easily expect to pay a very low price per square foot, but there is some risk that comes with the lower price. Some buyers actively avoid carpet because they don’t want the maintenance that comes with it, and others like the easy-to-clean aspect of laminate or hardwood. Your ROI for carpet will only be around 25%, but it can stretch to 40% if you sell your home quickly. You may even find that if you opt for a stylish carpet, that you are able to stretch your savings even more. This may be a good option for you if you are short on money that you can invest, and you need to replace some damaged flooring. This is a very good option if you are short on time as well, as carpet can most of the time, be installed in an afternoon if the room is small.



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