Everywhere you look in Metro Vancouver, families are selling their homes for high prices and moving away. These decisions can be market-driven and/or situation-specific. Perhaps you’re looking to downsize for retirement or you’re looking to spruce up an investment property.
If you feel you’ll be a seller down the road, there are things you can do to increase your home’s resale value.
As flooring experts, we try to look at these things from a flooring perspective. In particular, this blog post will examine what floors can actually increase your resale value.
Hardwood Flooring – Adds Big Resale Value To Your HomeTable of Contents [show]
People love the refreshed look of wood floors in a home. In fact, 54% of home buyers were willing to pay MORE for a home with wood floors, according to data from the National Association of Realtors.
There’s no questioning the look and durability of hardwood, whether solid or engineered. Keep in mind, when we say engineered hardwood, we’re not referring to some sort of recycled hardwood. Rather, we’re referring to multiple layers of plywood with a hardwood veneer layer on top.
Hardwood Flooring Costs: Barrier to high resale value?Consider the cost of hardwood in the marketplace. This is important. If you’re wanting to increase the value of your home and want to choose hardwood, you’ll need to be willing to make the investment. Hardwood can be expensive, compared to other kinds of floors.
Tile? Really, Mike Holmes?Mike Holmes of HGTV says that tile can increase the value of your home by more than any other type of flooring. However, no sources of the studies mentioned were referenced in the article.
Nevertheless, his reasoning is easy to understand. It’s versatile, looks great and is simple to clean. That makes it a great long-term option and the better it is as a long-term flooring option, the stronger the impact on resale value.
Tile: Where there’s liquid, there’s damageBut consider the fact that your subfloors beneath the tile are important. Keep in mind that the main places where tile is placed are bathrooms, kitchens and backsplashes. These are areas where liquid and moisture of all kinds are prevalent.
So if your tile is cracked or if the grout in between starts to crumble, it’s not going to be friendly to the resale value of your home.
If you see these above symptoms, simply removing the tile or grout does not necessarily fix the problem. In reality, the problem could be much deeper. You may have to start removing backsplashes and subfloors. If there’s rotting wood underneath it all, that needs to be removed.
Hopefully, you see where we’re going here: Make sure you are taking all the precautions and necessary steps before making a long-term investment in tile for your home.
Mohawk’s SmartStrand Carpets – The Real DealOkay, we’re doing a little plug here because this particular product is as good as we’ve seen from a carpet manufacturer. Mohawk’s SmartStrand carpets are some of the best in the market.
Now, carpets aren’t the sexiest products in the flooring industry. They don’t scream high resale value. But when you see the durability of these carpets in action, you won’t second guess them.
Consider this: Savvy buyers, when looking to buy, can see the difference between poor quality and good quality. Buyers are becoming more educated due the accessibility of information on the internet about many different flooring choice. Heck, that’s why you’re probably reading this. So don’t go for the cheapest fix – it’s not necessarily going to be the best option for your needs.
If you’re planning on staying for a few years in your home before you sell, then invest a little more in your home. This is not only to increase your resale value but to ensure that you won’t be redoing the flooring before you sell. We say this provided the proper care is taken, for whichever product you do choose.
See these carpets in action!Take a look at this demo:
Mohawk’s SmartStrand carpets are definitely a product that can improve your home’s resale value.