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In today’s hot real estate market, the term ROI—short for “return on investment”—is a huge buzzword. It’s generally written as a percentile and denotes how much cash you can expect to recoup from a given renovation when you go to sell your home. Though it usually isn’t over one-hundred percent, it often can result in a quicker sale, or even create buyer possibilities that weren’t there in the first place.
Given that flooring renovations are a DIY-friendly and thus affordable way to spruce up your home for a potential sale, you’d be smart to invest in new flooring to catch a buyer’s eye—but what kind of flooring? While this depends on a variety of factors, such as local trends and your home’s selling point, E Hardwoods & Flooring, where you can buy hardwood flooring online, has a few suggestions below.
This flooring type comes at the top of many of our flooring rating blogs—and for good reason. It’s tough, stately, and universally appealing thanks to its versatile style, which are all quite attractive to a variety of buyers. But don’t just take our word for it! Realtor.com stated in 2019 that wood floors can boast between a 70 and 80 percent ROI, and that they can boost the sale price of your home up to two-and-a-half percent.
A caveat: don’t just go picking out the prefinished hardwood flooring you think would look best! You’d be wise to consider local trends, as sometimes even the width of the boards used can have an effect on your floor’s appeal. Check with your realtor for more information and to plan your next move.
Is prefinished hardwood flooring not in the budget? You might then consider laminate. With a photorealistic image of wood layered on top of particleboard, it can mimic a much more expensive flooring type—and thus bring back a similar ratio of cash. According to Condopundit.com, replacing carpeting with laminate can yield a roughly 50 to 75% ROI. For an affordable upgrade, that’s a pretty solid investment!
As with any home renovation, it’s always best to consult your local realtor before making any major decisions. ROI when it comes to flooring of any sort is hard to measure, as it’s so subjective to local trends and the overall design of your home. Regardless, E Hardwoods & Flooring no doubt has just the perfect type!
It’s time to get busy brainstorming and prepare to sell your home! Shop our huge selection of top brands like Mannington, Somerset, and Quick Step Laminate today.