What flooring is best for resale value?
Simply so, what flooring adds the most value to a home?
Wood floors are one of the best investments you can make. They're durable, versatile, and most buyers love them. According to real estate experts, the average ROI for installing hardwood floors is about 70% to 80%, and wood floors can boost the sales price of your home as much as 2.5%.
Similarly, does flooring increase home value? Hardwood floors can add up to 2.5% to your home's value. If you're looking for a great way to increase your home value before a sale, hardwood flooring may not be the best way to go. Depending on the value of your home, installing vinyl or laminate could raise your house value to the same price for a lower cost.
Accordingly, what's the best flooring for resale value?
While this is a more expensive choice, stone and hardwood are the two most popular choices when it comes to home buyers. There are many stone flooring choices including marble, granite, slate, travertine, limestone, and more. These range in price with marble and granite being the more luxurious options.
Does laminate flooring hurt resale value?
Laminate Flooring And though it doesn't last as long as hardwood, it costs 50% less on average to buy and install. Because of its lower price point, laminate also won't do much for your home's resale value.