What type of floor has the best resale value?
When it comes to deciding on which flooring type to choose for your home, several factors come into play. You may want something that’s durable, aesthetically pleasing, and affordable.
However, having a home that has a high resale value is crucial, especially if you plan on selling it in the future. With that being said, the question becomes: what type of floor has the best resale value?
Let’s break down a few of the best options.
floors with the best resale value
When it comes to flooring with high resale values, there are a few options to pick from – from hardwood flooring to tile. But which ones in particular are popular and why? Let’s get started.
Hardwood Floors
Without a doubt, hardwood floors are the most popular flooring type for homeowners and real estate agents due to their timeless beauty, durability, and high resale value. According to the National Wood Flooring Association, hardwood flooring could increase a home’s resale value by 2.5% or even more.
They are also versatile, allowing you to choose from a variety of wood species, including oak, maple, and birch, to name a few. Hardwood floors not only add to a home’s beauty, but they also are low-maintenance and can last for decades with proper care.
Natural Stone
Natural stones such as granite, limestone, and marble have been used as flooring for centuries, and they remain one of the most desired flooring types for premium homes. They offer a unique luxurious look that is impossible to replicate with other flooring types.
According to Home Improvement Magazine, installing natural stone flooring could increase a home’s resale value by up to 6%. However, natural stone characteristics such as being porous, require extensive maintenance, regular sealing, and they’re more expensive than other flooring types.
Ceramic and Porcelain Tiles
Ceramic and porcelain tiles are other popular flooring options due to their visual appeal and durability. They are easy to maintain and suitable for high-traffic areas like the kitchen, bathroom, and entryways. According to the National Association of Realtors, having durable flooring like ceramic and Porcelain tiles is a significant selling point to potential buyers, especially when it comes to moisture-prone areas.
Although ceramic and porcelain tiles are not the most expensive flooring options, they are still significantly more expensive than other options like laminate and vinyl.
Laminate Floors
Laminate floors are the most budget-friendly flooring option that is designed to mimic the look of wood and natural stone flooring. They are easy to install, and their look is almost identical to hardwood floors, offering homeowners the same aesthetic appeal without breaking the bank.
Laminate flooring doesn’t last as long as hardwood, but they still boast a decent lifespan of around 10-20 years. Although they’re not highly valued compared to other options like hardwood and natural stone, they would still add value to a home.
Luxury Vinyl Plank Floors
Luxury vinyl plank flooring is a relatively new flooring option that has gained popularity due to its affordability, durability, and virtually maintenance-free nature. It’s an ideal choice for homeowners looking for the best of both worlds when it comes to quality and cost.
They are designed to mimic the look of high-end flooring options like hardwood and natural stone, giving homeowners the best of both worlds without the high price tag. According to a Houzz survey, luxury vinyl plank floors are among the most sought-after flooring types for first-time homebuyers.