Let's make no mistake, buyers will walk away from a home with bad flooring as easily they will from a home that smells bad or has lousy curb appeal. Flooring matters! But you also have to be careful not to go overboard and lose any profit you may gain from replacing your old flooring. The two principle ways new flooring will help you sell your home fall under increased home value and increased visual appeal.
INCREASED HOME VALUE - Right now, Wood Flooring reigns supreme when it comes to flooring adding value to your home. General consensus among most Real Estate agents is that homes with hardwood flooring are easier to sell and generally sell for as much as 10% more than an identical home without hardwood.
In a 2019 Report by the National Association of Realtors, new wood flooring ranked as the #4 most popular project to attract potential buyers - right below kitchen-related projects and HVAC replacements.
Although expensive, don't worry about installing hardwood floors throughout the house. You can generally get away with carpeting in the bedrooms, but you should take a close look at the main areas of the house, like the living rooms and the hallways. Just make sure that you have consistency and don't end up with a patchwork quilt of flooring types.
INCREASED VISUAL APPEAL - There are other things you can do that may not increase the value of the home, but can help it sell easier and more quickly. Less expensive options to hardwood flooring include:
Luxury Vinyl Flooring - This style of flooring is cost-effective, easy to install, and offers a huge variety to choose from. With extreme scratch-resistance and pet-proofing qualities, the use of vinyl flooring is up 185% since 2010 — meaning more people are choosing vinyl over wood or carpet every single year.
Carpet - This is the most cost-effective option for sprucing up the visual appeal of your home for a quick resell, especially if your children have done some of the things most children do with spills too many to mention.
Need a quote for some new flooring. I recommend Courtney Baker with Soleil Floors, a family-owned flooring company in Round Rock. Courtney will bring samples out to your home and walk you through the options available to you. Call her today!
Courtney Baker Soleil Floors 512-218-0400