Best floors for increasing home resale value sep 06 2018 whether you re planning to put your home on the market in the next year or planning to relocate in the next few years now is the time to start planning what updates or remodels would be beneficial for increasing your home value.
Luxury vinyl vs laminate resale value.
Laminate flooring and luxury vinyl flooring are roughly comparable in price although sheet vinyl does hold a slight edge.
It s often considered interchangeable with sheet vinyl because they look similar are affordable water resistant and.
That puts it on par with laminate yet it still retains many of the same benefits.
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There are plenty of variations in colors and species that ensure that the luxury vinyl experience is perfect in mimicking hardwood.
Some of the laminate.
It sells for anywhere from 1 to 6 per square foot although most varieties fall closer to the 2 to 4 price range.
People are looking for floors that don t require much maintenance but are still beautiful and vinyl gives you the best of both worlds.
Roughly every category of flooring ceded percentages of buyers to luxury vinyl.
The number one thing a seller can do to kill the resale value of their home is to put multiple types of flooring in a house says petrocco a prominent member of cave s real estate team.
It depends on where you look and what particular styles you might go with but it can cost 3 4 per square foot on average.
Installation costs an extra 1 to 5 per square foot.
According to refined rooms there are four reasons that vinyl flooring was the best for their home and their worries over resale value were not an issue after the endorsement from the flooring experts.
Thankfully vinyl flooring comes in around the same cost.
Vinyl flooring especially waterproof vinyl is super trendy right now and will be great for resale.
And in 2018 floor covering news.
A nice laminate is going to go a long way in.
Occasionally you ll see high quality laminates priced up to 7 per square foot.
Luxury vinyl plank flooring or lvp is a fan favorite for its convincing wood like looks high quality construction and comfort underfoot.
How to decide the best flooring for resale value for your home.
Lvp flooring is crafted with four layers including a waterproof pvc vinyl core and a scratch and stain resistant top layer perfect for pets and kids.
Laminate flooring is slightly more expensive than vinyl.