Can New Flooring Add Value to Your Home?

Flooring is one of the most noticeable features of a room. It has the potential to affect your home’s look and feel, which is especially important if you are thinking about selling your home. You can greatly enhance your home’s overall look with a floor upgrade without a total home remodel.
Flooring such as bamboo and hardwood floors are surefire bets to give your home value a boost.

The thing to keep in mind when considering new flooring is whether or not it would add perceived value or not to your home’s appraised value. If an appraiser says that the overall condition of your home will be raised from average to very good, then new flooring is a fantastic addition. If you are selling your home, it’s also important to keep in that buyers can be picky when it comes to flooring, and it can affect their overall decision to buy or not to buy.
 

The perfect flooring additions are visually impressive while providing considerable ROI. The perfect combination in a home would be laminate wood flooring in living areas, high-grade marble in bathrooms, and Berber carpet in the bedrooms. But the key is to choose flooring that fits your home’s style.

What types of flooring can add value to your home?

If you are replacing your flooring and budget isn’t an issue, does a specific type of flooring add more value? Of course! Here are a few types of flooring that are great investments to your home:

·        Hardwood- Hardwood floors have a natural beauty that serves as a great addition to a home’s interior. Any living area, kitchen, or bedroom can benefit from hardwood flooring. They are a smart investment that has the potential to give a home a polished look as well as boost the overall value.

·        Bamboo- For sustainable flooring that is durable and requires a low amount of maintenance, bamboo flooring is a great choice. They have the ability to give your home a modern appearance, and they are naturally resistant to moisture and bacteria.

·        Cork- Cork flooring is environmentally friendly since it is sustainably harvested from the bark of the cork oak tree without harming it. Cork floors are antimicrobial, sound-resistant, and great for providing a soft and cushiony feel.

·       Parquet- Parquet flooring is a wonderful way to add contrast and texture to a floor. Popular woods for solid parquet flooring include oak, walnut, cherry, and pine. Stains and finishes enhance the contrasting colors and grains of the different woods.

It’s a good idea for homeowners to know the true value of your home before and after your new flooring is installed. You can obtain a free home valuation report from Neighborhood IQ to find out how much a property is worth, especially after your fall and winter home improvements and maintenance projects are completed. Also, the Home Loan Advisor can analyze your property, current market conditions, local market comps, and other variables in our proprietary algorithm, and match you with potential lenders.