Almost every homeowner is excited when choosing new flooring for their home. It’s a chance to change things up in a way that better expresses your identity and creativity. Especially these days when you have several flooring products to choose from, it’s like dress-up but for your house. There’s a wide variety of styles, colors, textures, and patterns you can select for your home.
However, since there are several options, it can also be a daunting process to get started. And if you take home value into account, it becomes more than just self-expression but an investment. You start to wonder what floor tiles will increase your home value while balancing your current flooring needs. For example, you want hardwood but you have children who spill things on the floor a lot. That makes maintenance more difficult because it’s not a waterproof tile, unlike luxury vinyl tiles.
Hence, we’ll be discussing different kinds of flooring that will raise your home value with a focus on LVT floors. We’ll also talk about what home buyers generally look for in floorings to help you decide. Despite all this talk of value, we don’t discourage you from being creative and expressing yourself through home decor and renovation.
What Kinds of Flooring Raises Home Value?
- Luxury Vinyl Tiles
When people ask if LVT floors increase home value, the answer is always a quick and easy yes. This flooring has become an up-and-coming trend for several reasons. It’s a very budget-friendly choice for home sellers who want to make a good impression.
The vinyl tile alone costs around $0.75 to $4 per square foot, then adds installation to the computation. You won’t be spending much on your flooring investment which means you can see an ROI faster.
The material mimics the image of a hardwood and it’s man-made so luxury vinyl tiles come in a wide variety. You’ll find that it comes in many colors, textures, and patterns to fit your home. And they’re also known for being durable, waterproof, and low-maintenance, perfect for high-traffic areas. Hence, if you have kids or pets around the house, this is a safe choice for your living room.
Luxury vinyl tiles can last anywhere between 10-20 years with moderate traffic so it’s fairly sturdy. Its waterproof quality makes it resistant to spills and stains so you’ve no worries about a messy floor. It can also have scratch-resistant properties so your children and pets won’t leave permanent marks.
- Hardwood Flooring
The king of the flooring department is unsurprisingly well-known to be hardwood flooring. Most buyers absolutely love hardwood floors so if you have the money, investing in this is worth your while. You’ll be appealing to the biggest piece of the market with your renovation.
Hardwood flooring is usually the most wanted in kitchens, living rooms, and entryways. They’re, unfortunately, never a good option for moist places like bathrooms. That’s because hardwood is easily damaged and warped by moisture. That’s why some hardwood rooms have carpets, like bedrooms.
Unlike luxury vinyl tiles, the biggest downside of going for hardwood flooring is the price. The cost depends on the type of wood it’s made from, but the range is around $5 to $20 per square foot. Including installation costs, you might have to pay an additional $4 to $8 per square foot. But despite the costs, this type of flooring can also give you the biggest return on investment (ROI).
- Tiles (Ceramic, Marble, etc.)
Tiles are usually preferred in bathrooms and some kitchens which helps attract buyers. A well-maintained kitchen and bathroom are a good deal for any buyer. That means you need to invest in the right flooring for them, especially if you intend on selling the house.
But there are a few downsides to choosing tiles and the first is that you don’t see ROI from them. Another downside is it’s pricey to install and maintain with a range between $12 to $44 per square foot. Ceramic tiles are among the cheaper options because most of the cost is spent on labor. And it’s also one of the tile types which you can get good ROI from.
Meanwhile, marble is the most expensive type of tile, making it incompatible with low-to-mid-range homes. They look very nice but it requires special care so many home buyers aren’t up for it. Marble increases home prices by $100,000 approximately, hence, it’s a big decision.
- Waterproof Flooring
As technology advances, so does the improvement of products in different industries. In the home renovation industry, more types of flooring are coming to light. Luxury vinyl tiles are one amazing development but there’s more.
Waterproof flooring is a practical and beautiful option for moisture-heavy areas in your home. They come in various types of flooring types, styles, brands, and prices, like special hardwood flooring. Think of it like hardwood with the performance of LVT flooring but not limited to that. The options are endless and you’ll find one that fits your budget and style perfectly.
You can raise your home’s value by having flooring that has a waterproof core, especially hardwood. That’s why LVT has become so popular, but now more options are available on the market!
Home value is an important factor to consider when renovating your home, like an investment of sorts. But you have so many things to consider as well, like your house’s needs, budget, and living conditions. If you live with pets and/or kids, you need more durable and water-resistant flooring. For example, luxury vinyl tiles are scratch and water-resistant which is perfect for that.
Because of its growing popularity, LVT flooring is becoming a top choice for home renovation choices. It also increases your home value very well, making it a worthwhile choice of investment. It’s practical, budget-friendly, and incredibly flexible in terms of options on the market. You won’t have to worry about limiting self-expression and creativity while renovating your beloved home.
You also have several options to choose from like hardwood, tiles, and waterproof flooring. Hardwood is at the top of home buyers’ list of preferences for flooring but it has its downsides. It needs more care than LVT flooring which makes LVT preferable from a practical viewpoint.