- homes with hardwood flooring can sell for up to 10% more than homes without hardwood flooring. This means that if your home is valued at $500,000, installing hardwood flooring could potentially add up to $50,000 in value.
- Engineered Hardwood Flooring: Engineered hardwood flooring offers the same benefits as hardwood flooring, but at a lower cost. While it may not add as much value as solid hardwood flooring, it can still be a smart investment. According to the same study by the National Wood Flooring Association, homes with engineered hardwood flooring can sell for up to 6% more than homes without hardwood flooring.
- Luxury Vinyl Plank (LVP) Flooring: Luxury vinyl plank flooring is a popular choice for its durability, water-resistance, and realistic wood-look appearance. While it may not add as much value as hardwood flooring, it can still be a smart investment. According to a study by Remodeling Magazine, homes with vinyl flooring can see a return on investment of up to 70%, making it a worthwhile investment.
- Tile Flooring: Tile flooring is a great option for its durability, versatility, and overall value. According to the same study by Remodeling Magazine, homes with ceramic tile flooring can see a return on investment of up to 70%. This means that if you invest $10,000 in tile flooring, you could potentially see a return of up to $7,000.
When it comes to adding value to your home through flooring, it’s important to choose a high-quality product that is installed by a professional. This will ensure that your investment is worthwhile and adds maximum value to your property.