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Installing a new floor can be expensive. In a 1,000 square-foot home, prices typically range from $1,500 to $10,000 depending on the type of flooring. Other than making your home more aesthetically appealing, is it worth it to spend money on high quality flooring?
A new floor can help boost the value of your home. The floor is an important consideration for many home buyers. The aesthetic quality of the floor, durability of the material, and ease of maintenance are some of the things that people consider when buying a home. Looking at it from this perspective, installing a new floor is not an expense but an investment.
According to a survey by NWFA (National Wood Floor Association), new flooring can increase the value of the home by about 10% or more. In Kansas City the median value of a home is $201,100. Therefore, with the right kind of flooring in place, the house could potentially sell for $220,000. However, you need to pay attention to the kind of flooring you install in your home.
Increasing the Value of Your Kansas City Home
If you’re thinking of boosting your home’s resale value by installing new flooring, there are several things you need to keep in mind. The increase in value is based on the buyer’s perception. Different floors may have varying effects on the value of the home depending on where your property is located.
Climate tends to affect the demand for certain types of flooring. In cities with a cold climate like Kansas, home buyers will want a floor that is easy to clean and maintain, especially in high traffic areas. It is important to consider the different types of flooring and how they can affect your home’s resale value.
Hardwood Floors: Considered to Be the Best
Hardwood floors are among the most popular floors in Kansas City and across the country. They are not the cheapest floors but have many benefits that most homeowners feel are worth the extra costs associated with installing it or buying a home with hardwood floors already installed. Homeowners tend to value hardwood floors since they can last for decades and are aesthetically pleasing. Carpets and other flooring options only last for a few years before they require a replacement.
The Carpet and Home Value Considerations
When it comes to choosing flooring that increases the value of the home, most people would opt for wood floors over carpet. However, while there is a general consensus that wood flooring is better, carpet has its own unique benefits. Some people prefer stepping on a warm, fluffy carpet regardless of the maintenance. Carpets may also be suitable for certain rooms around the home like the bedrooms and some other private rooms.
Which Will You Choose?
If the choice were based purely on the effect on home value, hardwood floors usually rise to the top. However, there are many other considerations that need to be made. The climate, the room where you’ll be installing it, and how well it blends with the interior décor of your home are things that you should consider when choosing new flooring to increase the resale value of your home. But keep in mind that new flooring, regardless of what it is, will always be a huge selling point for many home buyers.