How Much Value Does New Flooring Add to a Home

Amanda Steele
Amanda Steele
Property Advisor
Oct 10, 2024
How Much Value Does New Flooring Add to a Home

Ever walked into a home and instantly felt like something was missing? Often, it’s the flooring that sets the stage for how a space feels. Whether you're updating your own home or prepping to sell, the right flooring can completely change the vibe—and the value—of a property. But how much value does new flooring really add? Well, that depends on several factors: the type of flooring, how well it fits with the home’s style, and even down to where you live.

It’s not just about spending money; it’s about making a smart investment that’ll pay off. The right choice can mean the difference between an “oh wow” from buyers or just another house they’ve seen. Let’s explore how different types of flooring can boost your home’s appeal, and how to make choices that make sense for your home and budget.

Benefits of Installing New Flooring

When you install new flooring, you’re not just upgrading the surface beneath your feet. You’re also enhancing your home’s overall appeal and functionality. Whether it’s giving your rooms a modern feel or adding durability where it counts, new flooring can make a noticeable difference. Here are a few key benefits to keep in mind:

  1. Aesthetic Appeal: First impressions are everything, right? Flooring plays a huge part in that. Walking into a home with fresh, updated flooring makes the space feel polished and well-maintained. It’s like giving your home an instant facelift without knocking down any walls. From sleek hardwood to cozy carpet, the right flooring pulls the entire look of a room together, making it feel cohesive and inviting.
  2. Durability and Practicality: It’s not just about looks, though. Flooring needs to be functional. If you’ve got kids, pets, or high-traffic areas, you know that certain floors don’t hold up as well as others. Durable options like tile, luxury vinyl plank (LVP), or hardwood are great for these spaces. They’re tough, easy to clean, and can withstand daily wear and tear.
  3. Higher Resale Value: Now, for the numbers game—new flooring can boost your home’s resale value. Buyers often favor homes with updated, durable floors because it’s one less thing they’ll have to tackle post-purchase. Hardwood, in particular, offers a significant return on investment. In fact, it’s not uncommon for sellers to recoup up to 70-80% of the cost. Other materials, like LVP or tile, may not add quite as much in terms of value but can still offer a solid return.
  4. Energy Efficiency: Did you know that flooring can even help with energy bills? Yep. Carpet acts as insulation, keeping rooms warmer in the winter, while tile or stone floors help cool things down during those sweltering summer months.
  5. Health Benefits: If anyone in your home has allergies, smooth flooring like hardwood or tile is a much better option than carpet. Dust, dander, and other allergens settle into carpet fibers, making it a nightmare to keep clean. In contrast, hard flooring surfaces are easy to sweep and mop, making them more hypoallergenic.

Types of Flooring and Their Value Impact

Not all flooring is created equal. Some types will bring more value than others, depending on the area of the home and the market you’re in. Let’s break down the most common types and how they stack up in terms of value:

  1. Hardwood Flooringsome text
    • Classic Appeal: Hardwood is like the little black dress of flooring—classic, timeless, and always in style. There’s just something about walking into a room with real hardwood floors. It feels solid and luxurious. Buyers love it, and so do real estate agents.
    • Return on Investment: Hardwood floors are known to bring a great return on investment (ROI). Depending on the type of wood and installation, hardwood can boost your home’s value by as much as 2.5%. Homeowners can expect to recoup 70-80% of their initial investment when they sell.
    • Popular Types: Oak, maple, and walnut are the big players here. Oak is strong and has a distinct grain that people love, while maple has a more subtle, smooth look. Exotic woods like Brazilian cherry are also popular but tend to cost more upfront.
  2. Tile Flooringsome text
    • Versatile and Durable: Tile is a go-to for kitchens, bathrooms, and entryways. It’s durable, water-resistant, and comes in so many styles that it’s easy to find something that fits your aesthetic. From sleek porcelain to hand-painted ceramic, the options are endless.
    • ROI Potential: Tile doesn’t add quite as much resale value as hardwood, but it’s still a solid investment. It’s especially valuable in rooms where moisture is an issue, like bathrooms. Custom or high-end tile can add a touch of luxury, though it comes with a higher price tag.
  3. Carpet Flooringsome text
    • Comfortable and Cozy: Carpet might not be as hot as hardwood or tile in terms of resale value, but it’s still a popular choice for bedrooms and living rooms. There’s something about the softness underfoot that feels homey.
    • Value Considerations: While it doesn’t add as much long-term value, fresh carpet in neutral colors can still help sell a home—especially if the previous floors were outdated or worn. Just keep in mind that carpet tends to show wear more quickly than other options.
  4. Laminate Flooringsome text
    • Budget-Friendly: If you’re on a budget but want the look of hardwood, laminate can be a great alternative. It mimics the look of wood, stone, or tile without the high price tag. Plus, it’s more scratch-resistant, making it a good option for homes with kids or pets.
    • ROI: Laminate flooring won’t boost your home’s value as much as real hardwood, but it’s still a cost-effective way to update the space. It’s an especially good option in rental properties or vacation homes where durability is key but spending top dollar isn’t necessary.
  5. Luxury Vinyl Plank (LVP)some text
    • Affordable and Durable: LVP is quickly becoming one of the most popular flooring choices, and for good reason. It’s water-resistant, durable, and looks a lot like real wood. It’s perfect for kitchens, bathrooms, and high-traffic areas.
    • Value Impact: While LVP isn’t as prestigious as hardwood, it offers a solid return on investment. Homebuyers appreciate its durability and low maintenance, especially in homes with kids or pets.
  6. Natural Stone and Specialty Flooringsome text
    • Luxury Appeal: For high-end homes, nothing beats natural stone like marble, granite, or travertine. These materials are often found in upscale homes, adding a luxurious, custom feel.
    • Investment Value: Stone floors can be a significant investment, but they often pay off in the right market. Buyers who are looking for a luxury home will appreciate the craftsmanship and high-end feel. However, the cost of installing stone is high, so it’s best for those who plan to stay in their home long-term or are targeting the high-end market.

Factors to Consider When Choosing New Flooring

Choosing the right flooring isn’t just about picking what looks good. You’ve got to consider the practical side, too. Here are some important factors to keep in mind when making your decision:

  1. Climate: If you live in a warm climate, tile or stone floors might help keep your home cool. In colder areas, carpet or hardwood could add warmth and comfort to your space.
  2. Foot Traffic: High-traffic areas like kitchens, hallways, and entryways need durable flooring. Tile, LVP, or even laminate can handle the wear and tear of daily life better than carpet.
  3. Allergies: For those who suffer from allergies, hardwood or laminate are better choices than carpet. They don’t trap dust, pollen, or pet hair, making them easier to clean and maintain.
  4. Maintenance: Think about how much time you want to spend maintaining your floors. Carpet requires regular vacuuming, and natural stone may need sealing, while hardwood, tile, and LVP are relatively low maintenance.
  5. Style: Flooring should complement the overall design of your home. A rustic farmhouse might call for wide-plank hardwood floors, while a modern condo could benefit from polished concrete or sleek tile.
  6. Eco-Friendliness: Sustainable options like bamboo or cork are becoming more popular. These materials are renewable and can appeal to environmentally conscious buyers.
  7. Return on Investment: Consider your flooring choice in terms of how much it’ll add to your home’s value. Hardwood and tile tend to offer the highest ROI, while carpet and laminate provide more moderate returns.
  8. Longevity: Flooring is an investment, so think long-term. Hardwood and tile can last for decades, while carpet may need replacing every 5-10 years, depending on wear.

Tips to Maximize Flooring Value

Here are a few practical tips to help you get the most value from your new floors:

  • Consistency: Using the same flooring throughout the main living areas creates a seamless look that feels more spacious and cohesive. It’s a small design trick that makes a big difference.
  • Room-Specific Choices: Not all rooms need the same type of flooring. Bedrooms might benefit from the warmth of carpet, while bathrooms and kitchens are better suited for water-resistant options like tile or LVP.
  • Professional Installation: It might be tempting to DIY your floors, but professional installation ensures a better finish and longevity. Plus, poorly installed floors can actually detract from your home’s value. A wonky floor won’t impress buyers, and you could end up spending more on repairs down the road.
  • Neutral Colors and Classic Styles: Opting for neutral tones and timeless styles makes your flooring more appealing to a broader range of buyers. Bold or trendy choices may be fun for personal taste, but neutral, classic options tend to have longer-lasting appeal.
  • Keep Extra Materials: When installing new floors, it’s a good idea to keep some extra material on hand for future repairs. This is especially important if you’re selling. Buyers will appreciate knowing that they can easily match the flooring if any damage occurs.

Frequently Asked Questions About New Flooring and Home Value

  1. How much does new flooring add to a home’s value?
    On average, new flooring can increase a home’s value by 2-5%, depending on the material and installation quality. Hardwood floors, in particular, can add even more value due to their popularity and durability.
  2. Which flooring types have the highest ROI?
    Hardwood floors tend to offer the highest return on investment, often providing a return of 70-80% of the initial cost. Tile and luxury vinyl plank (LVP) also offer solid returns, particularly in high-traffic or moisture-prone areas like kitchens and bathrooms.
  3. What’s the best flooring for high-traffic areas?
    Tile, LVP, and laminate are excellent choices for high-traffic areas because they’re durable, water-resistant, and easy to clean. Hardwood can also work well, but may require more maintenance over time.
  4. Is carpet or hardwood more valuable in bedrooms?
    While carpet is still a popular choice for bedrooms due to its comfort, hardwood generally adds more value in terms of resale. Many buyers prefer hardwood for its durability and timeless appeal, and it’s easy to add a rug for extra warmth.
  5. How can I choose the best flooring for my region’s climate?
    In warmer climates, tile or stone flooring can help keep a home cool. In contrast, colder regions may benefit from carpet or hardwood, which provide extra warmth and insulation.
  6. Are there eco-friendly flooring options that add value?
    Yes, sustainable flooring materials like bamboo, cork, and linoleum are gaining popularity. They not only appeal to environmentally conscious buyers but can also add value to your home, particularly in markets where eco-friendliness is a selling point.
  7. Should I replace flooring before selling my home?
    If your current flooring is outdated, damaged, or worn, replacing it before selling can significantly boost your home’s marketability. Buyers often prefer move-in-ready homes, and fresh, new flooring can make your property stand out.

Conclusion

New flooring isn’t just about aesthetics—it’s an investment in your home’s value, functionality, and market appeal. Whether you’re sprucing up your living space or preparing to sell, the right flooring can make all the difference. Hardwood, tile, and luxury vinyl plank are among the top contenders when it comes to increasing your home’s value, while carpet, laminate, and other options can offer more affordable upgrades without breaking the bank.

Choosing flooring that complements your home’s design, fits your lifestyle, and aligns with your budget is key to maximizing both personal enjoyment and resale value. By carefully selecting durable, stylish options, and ensuring professional installation, homeowners can reap the rewards of their investment for years to come.

In the end, it’s not just about what’s underfoot—it’s about creating a space that feels like home and has lasting value, whether for you or future buyers.

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Amanda Steele
Amanda Steele
Property Advisor
Oct 10, 2024

Amanda Steele, a Sales Expert at Revive, previously a Realtor with Berkshire Hathaway, excels in real estate knowledge and customer service. Her skills significantly enhance Revive's client experiences.

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