If you are looking to add value to your home, there are several features to focus on. One of the largest of these is flooring. Since floors receive so much traffic from all the residents of a home, they can tend to get worn down easily. This is especially noticeable if it has been a long time since you have had them replaced or refinished.
What Type of Flooring Should You Use?
If you have decided it is time for a floor replacement in your home, then the next question is what type of flooring to choose. The answer to this depends mostly on two factors: your personal preference and what adds the most value. If you are not looking to sell your home, then go with whatever your preference is, but if you want to increase value, then you need to consider the options.
The simple choices typically come down to carpet or hardwood, but both of these have their own subsections. With carpet, you can pick different types of fiber, lengths, and patterns. This changes the looks and softness of the carpet, and how well it can repel dirt. It is always important to consider how much traffic the area will be getting when choosing a type of carpet.
As far as hardwood, there are several choices as well. This includes different types of woods and grains, such as oak, cherry, pine, and more. There are also other materials that are designed to look like hardwood, but are cheaper and easier to clean. These include vinyl sheets or planks and linoleum. These are typically more affordable than hardwood, but they often do not last as long.
If you currently have hardwood flooring that is not that old or destroyed, then it might be a better idea to refinish it. The cost for hardwood floor repair can vary depending on how bad it is, but it could be cheaper than replacing the whole floor. A properly repaired or refinished floor can look just as good as a new one.
The Return of Investment on Flooring
The great thing about floor replacement is that the return on investment (ROI) is considerable. Of course, this varies depending on what type of flooring you decide to go with. If you are looking to maximize your potential added value, then hardwood is the way to go. A majority of homebuyers are often willing to pay more for hardwood floors.
The exact numbers for the return on investment can be hard to precisely determine since the costs and type of flooring can be varying factors. But, according to a report by the National Association of Realtors, the return on investment for hardwood floors is 106%. This means that if you spent $3,000 on installing new hardwood floors, you could make around $3,200 in return for this feature when you sell your home. While this may seem like a small amount, is quite a great return for a smaller project. Plus, if you do multiple updates in your home of various features, these smaller returns begin to add up.
Whether you are planning to sell your home soon or a little further down the road, replacing your floors is a great choice. It will be enjoyable for you while you still reside in the home and it will help you get more out of your home when it does sell. If you have the extra money to spend, then replacing your floors is a win win.
Eakman Construction Can Help With Your Future Remodel Projects
If you are looking to put in new floors or start any other type of home renovation project, Eakman Construction can help. We are experienced in virtually all types of home improvement and new home builds. Give us a call today so we can help you plan out your future project