How to Get the Best Return on Investment with New Flooring

Your choice of flooring can boost your home’s resale value later.

Published February 18, 20212 min read

The floors throughout your house play a big role in the look of your home. They can make your home feel warm, inviting, and stylish. 

New flooring is an easy way to spruce up your home. It is also potentially a means to increase your home’s resale value. Although you may not be thinking about selling your home right now, it's important to keep in mind which flooring options provide the greatest return on investment (ROI), for when you do put up the “For Sale” sign.

Considering new floors?

There are two main reasons homeowners upgrade their floors. The most common reason is the increased value new flooring may add to your home’s resale value. Another is for the satisfaction it provides you while you’re living in the house. While adding to your home’s value is a nice perk, it’s also enjoyable to live in a space you’re proud to call home.

New flooring - whether it’s carpet, hardwood, laminate, luxury vinyl, or tile - will add value or maintain your home’s value, especially if your existing floors are old, in poor shape, and damaged. 

Hardwood floors

Homeowner’s have gravitated to a more natural look in their homes, and that includes hardwood floors. A 2019 survey from the National Association of Realtors looked at a variety of home renovation projects to see which ones were time and cost effective, including hardwood flooring installation. This particular renovation topped the list in homeowner satisfaction, as well as ROI. 

Of the homeowners who undertook hardwood flooring replacement and installation, the survey found that:

  • 78% had a greater desire to be home
  • 67% had an increased sense of enjoyment while home

It was also estimated that 106% of the costs associated with installing new hardwood flooring could be recouped when it was time to sell. 

Always a good investment

Each type of flooring comes with pros and cons, and each room, and how you use it, will determine which flooring is ideal for you. It’s unlikely you would install hardwood flooring where water and moisture are a factor like a bathroom or basement. Instead you might choose a flooring option that is water-resistant, like laminate, vinyl, or tile. In a bedroom, you might forgo hardwood for the warmth, softness, and noise reduction features that come with carpet. 

To help make a decision based on budget, room, and lifestyle, contact a SERVICEfinder flooring installation contractor. Our local flooring experts will help you choose new flooring that is stylish, durable, and suitable for every room in your house.

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