When you’re looking to replace your home’s floor, you want the best return on investment you can get. Your floor is so crucial, not just because it’s the ground you stand on, but because it helps to determine the value of your home-to yourself over time, and for when you sell. When we talk about return on investment, yes there’s the actual investment into your home’s monetary value, but you must also consider what returns you get personally from making such an investment. Does the floor damage over time? Will it stay in style? Does it fit with your home?
All of these questions and considerations also have a direct result on the value of your home. When purchasing a home, the type of floor, its age, and its durability are huge considerations that can increase the price of your home. Even if you don’t plan on selling any time soon, the selling value of your home should always be considered in any home improvement project.
So when considering flooring options, you want to look at what’s in style, what’s valuable, and whether the investment is worth the cost. Let’s get right into it, here are 3 floors with the best return on investment.
Hardwood floors are by far the most popular option for any homeowner. They are known for their stylistic design and their durability, given that they can be sanded down and repolished. Not to mention that with new technology, hardwood floors can also be more environmentally friendly and adaptable to damp environments more so than before.
The type of hardwood is a harder decision, and that is where your personal style and flavor comes in. It’s hard to predict what styles will stay in style, although we can recommend you avoid older styles of hardwood. Larger boards, cool colors, texture, and matte finish are all very popular options that will give your home more value and a chic, modern look to your home.
If you’re looking for a hardwood look but at a cheaper cost, a good alternative luxury vinyl. Vinyl is not what it used to be. You can buy some vinyl tiles at a much lower cost that looks exactly like hardwood. It will not give you the same return as real hardwood, but it’s a more affordable solution that will still increase the value of your home and give you the look you want.
As we said, hardwood floors are by far the most popular option. Therefore it’s no surprise that the other flooring options with a high return on investment are hardwood alternatives. Laminate floors are wood pressed at high temperatures. They’re about 50% cheaper than hardwood floors and damage less easily. Like vinyl, you will invest less, and gain less, but you will still increase the resale value of your home with laminate flooring.
Anytime you’re looking to change your floor, never forget about the resale value of your home. However, don’t let it keep you from building the perfect home for you.