When it comes to selling your home, you want to get the best return on investment. Decluttering, painting, and staging are easy, do-it-yourself ways to help sell your home. But what about improving your home’s look and value with new or like-new floors? Here are some suggestions we have on how to improve the resale value of your home – no matter what your flooring budget.
According to Kiplinger magazine, 87% of home buyers want hardwood flooring. Hardwood flooring can cost about $5 to $10 per square foot. If you are looking to save a little extra then engineered wood is the way to go at $4 to $9 per square foot. When installed correctly, hardwood floors can add up to 2.5% to the sale price of the home!
Refinish What’s Already There
Already have hardwood floors? Then have them refinished. According to remodelingimaging.com, refinishing your hardwood floors gives you over 100% of return on investment; that is you can increase the value of your home with refinishing. Before replacing your carpet with hardwood, take a peek under the carpet first. Homes over 50 years old may have hardwood under that carpet that needs a little TLC.
Refresh the Kitchen
Kitchens sell homes, but remodeling a kitchen is expensive. You can update your kitchen inexpensively with new flooring. Vinyl flooring is a great option for kitchens because it is durable, comfortable under the feet, and can come in a variety of colors. Although it may not increase the value in dollars, it does get the attention of the buyers. A clean floor in a neutral color can show the buyer that the home has been well-maintained.
Tile the bathroom
As with the kitchen, the bathroom is a big seller. If you do not have a lot to invest in remodeling the bathroom, consider changing out the flooring. Dirty floor grout and make a bathroom look old and uninviting. Updated tile and vinyl flooring can freshen up a dull bathroom.
Update the Carpet
Buyers usually expect carpet in bedrooms, so there is no need to change flooring type if you have carpet in your bedrooms. However, carpet that is worn, frayed, or dirty can be a turnoff. Replace old carpet with new. Choose neutral colors and average carpet pile that appeal to most buyers.
Get It Fixed
A squeaky floor, rotted joists, discoloration, and warping of hardwood floors as well as carpets and vinyl with discoloration and tears can turn away buyers. They don’t want to invest money in a home and then have to spend money to repair the floors. It may be tempting to put a rug or furniture over these imperfections, but a savvy Realtor and buyer will see past this.
Not sure where to start? Then give us a call at 971-563-3204 or contact us. Our flooring specialists will work with you to find the best solution that fits your budget so you can get the most of out of the sale of your home.