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When making a decision between vinyl plank flooring vs laminate flooring, it is important to consider your budget, your flooring needs, and your personal preferences. Certain flooring types, however, may add more value to your home than others. Hardwood floors are a popular choice for those looking to add value to their home and are often favored for their timeless look and durability. Ultimately, installing vinyl flooring may be a great option if you are planning to increase the value of your home.
If you can’t refinish all the floors, consider doing some of them so that buyers can see what the floors look like. Refinishing your hardwood will make your home look nicer, and often it will make it look larger and it will improve the value. If funding is limited or if this is too inconvenient to do, then consider just refinishing the wood for some of the rooms to at least show that you have hardwood and what it looks like. If a room has been “lived” in, the carpet will be removed VERY quickly . When you’re looking to sell your home getting the best possible price is always front of mind. Renovating the stand out details of your home can dramatically increase its value but with it comes with risk of over-capitalizing and not getting your money back.
Hardwood improves the home’s value
But regardless of the final cost and duration, refinishing your hardwood floor will still fetch at least 2X the ROI of installing new hardwood flooring. One of the advantages of hardwood flooring over other types of flooring is that hardwood can be revitalized. If a hardwood floor starts to age or becomes worn, you can refinish it to restore its original appearance.
You should also keep in mind that vinyl plank and tile flooring might not increase the value of your home as much as laminate flooring. However, vinyl flooring can still make all the difference in how long your floors will last, which could be vital as we head into a more competitive real estate market. In general, it will almost ALWAYS be less expensive to refinish your hardwood floors.
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As a starting point, you would want to have hardwood flooring in the main living areas (i.e. living room, dining room, family room). Finally Rustic Ash is a more cost effective option sitting at around three dollars per square foot with more of a rough appearance. For all options, you can choose whether to purchase flooring that is pre-finished or finish it yourself. Adequate storage and spacious closets are important to homebuyers. However, the report shows that this popular extra may not increase a home’s resale value by as much as the rest of these interior renovations. Homeowners can expect to get back about 40 percent of what they spend on closet upgrades.
Since there are so many stain and finish options, you can accent things like cabinetry or natural light to elevate the room. Also, keep in mind that hardwood floors will only contribute to the value of your home if they’re well-maintained. So, if you already have hardwood floors, don’t expect them to boost your asking price if they’re in poor condition. In fact, that might actually do more harm than good, as potential buyers will need to factor in the cost of replacing them.
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Find AgentsIf you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent. You can also use an online home value estimator to get a better idea of what your home is worth. Answer a few simple questions about your property to receive an estimated sales price in minutes. Also, you need to consider what the value of your home will be without it.
Carpet is also an option, though it is more prone to staining and wearing out. Ultimately, the flooring you choose depends on your personal preference, but choosing one of these options is sure to add value to your home. There’s nothing less appealing than an outdated kitchen or bathroom, so give these rooms an overhaul and a little TLC. However, solid wood flooring is a poor choice for a basement, where high humidity can warp the wood. The right upgrades also make your house move faster on the market.
Flooring – Replacing outdated carpet or flooring, or simply refinishing wood floors that have seen better days, will definitely increase the value of your home, with a 102% return on investment. And, of course, in new home construction, you will almost see hardwood flooring installed. For perspective, as a general rule of thumb, hardwood floors often cost 30%-50% more than laminate floors.
The cost to install hardwood flooring can vary, depending on the type of flooring. At the low end, traditional hardwoods typically cost $3-5 per square foot for materials like pine, with about the same for installation. At the high end, mahogany, cypress, and other exotic woods can range from $8-$15 per square foot, with installation costing another $4-8 per square foot.
One of the best tips to increase the value of your home and get it sold is through hardwood flooring. Hard surface flooring will give you the best return on investment, or ROI. Hardwood will be your best bet with the highest ROI since it’s the long-standing preferred flooring choice.
Buyers tend to favour hardwood flooring as it is more durable and due to the quality, tends to last a lot longer compared to laminate. In addition, if hardwood floors get marked or damaged, the procedure to fix them is as simple as sanding them down and refinishing them, whereas there is no way to fix damaged laminate. Refinishing hardwood floors adds resale value and contributes to homes selling quicker and often for more money.
Although installing the floors is expensive, you’ll eventually make your money back without needing to replace the floor every 5 to 10 years. In terms of aesthetic, vinyl plank flooring can provide a more natural look than laminate flooring. Laminate flooring tends to have a more plastic look and feel, while vinyl plank flooring can provide a more wood-like appearance. Vinyl plank flooring is generally less expensive to install than laminate flooring. Additionally, hardwood can be refinished multiple times, so that it is always looking at its best.
Laminate flooring is also more susceptible to scratches and dents than vinyl plank flooring. Finally, not all vinyl plank flooring is made equal, and many are not particularly eco-friendly. Many are made with plasticizers and phthalates, which have been linked with adverse health effects when exposed to them over time.
Does refinishing hardwood floors increase home value?
When compared to carpet, you realize that hardwood floors are easier to maintain. Just sweeping and mopping regularly will keep hardwood floors clean, whereas carpet collects dirt and dust with time. The NAR report also concluded that, while hardwood floors are almost always a valuable addition to any home, there are plenty of other projects that tend to add more to a home’s value. As a flooring material, bamboo has many of the same benefits and drawbacks of hardwood flooring, Like wood flooring, bamboo is an attractive natural material that generally adds real estate value to a home. Engineered hardwood is made up a real wood veneer, which is bonded to layers of cheaper wood backing to reduce cost. However, engineered hardwood can be more resilient than many solid hardwoods.
Installation cost, durability, and aesthetic are all important considerations when choosing flooring for your home. The better choice between vinyl and laminate flooring depends on a variety of factors, such as where you are installing it, your lifestyle and budget. It is composed of four layers of impact-resistant vinyl material, with a scratch-resistant coating on the wear layer.
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