Does Flooring affect the Resale Value of your Home?
- October 21, 2020
These days there are so many flooring options which means we are spoilt for choice. However, if you are in the market to get new flooring installed, it’s important to know that the type of floor you choose can greatly impact the re-sale value of your home. Some experts even believe that flooring might be the single biggest factor when it comes to your return on investment (ROI).
The biggest challenge in selling a home is knowing which remodelling projects will add value and, interestingly enough, most property sellers tend to overlook flooring while they are bogged down with other intricacies of the home. That’s why we are here to tell you, flooring matters!
Although there is still a place for carpets in specific locations of a house, such as the bedrooms, these need to be replaced every 5 to 15 years and the estimated return on investment of carpets is only 25% – 40%. This is compared to a ROI of approximately 70% for tiles.
Here are some more reasons why tiles could improve the value of your home:
Durability: tiles are extremely durable to wear and tear as well as high foot traffic. They are also waterproof making them ideal for installation in high moisture/humid rooms like the bathroom.
Easy to clean: Tiles are easy to keep clean; using a broom or vacuum for general every day cleaning, and a steam mop for deeper cleaning. They are also ideal to use should anyone suffer from allergies.
Pet Friendly: Tiles are low maintenance and, as already mentioned, can be cleaned easily. This includes getting rid of muddy paw prints and animal fur and not worrying about scratches from pet claws. Because tiles don’t stain, a quick sweep with the broom and a mop is all it takes for it to look its best most of the time.
Tiles have a long lifespan: The initial cost of installing tiles might be higher than other flooring options; this depends on a number of factors such as the size of the tile, design, brand and the labour. However, tiles have a very long lifespan, which makes them a worthwhile investment in the long run.
Tiles can be made out of many substances, although the most common, and cost effective, are usually ceramic or porcelain. You could also choose natural stone, marble, terracotta, sandstone, cement or slate tiles.
Whether you are simply looking to remodel or are looking for ways to increase the re-sale value of your home as an investment, then you cannot rule out the importance of flooring in your decisions. Although buyers have their own preferences, it’s clear that most prefer hard surfaces over carpets and so it shouldn’t come as a surprise that hard surface flooring will add more value to a home.
If your current flooring has reached its expiration date or you are looking to remodel, we can assist with making sure you find the best tiles, at the best rates, for your home.