Best Flooring for Resale Value 2023

If you’re considering selling your home in the near future, you’ll be concerned about how best to invest money in it. Which flooring has the best ROI?  Flooring with a good return on investment may boost the sale price of your home and will make it more appealing to potential buyers.

Here are attractive, quality, best flooring options that will set your home apart and help you earn the highest resale value when you put it on the market.

Hardwood Flooring

Whether you choose solid hardwood flooring or engineered wood flooring makes little difference in ROI. Choose the one that works best for the location in which it will be installed and your region’s climate (engineered wood for humid locations, engineered or solid hardwood for dry climates).

Hardwood flooring has a wow-factor that some home flooring pros believe will bring back 2+ times its cost when you sell. A more conservative estimate would be 1 to 1.5 times its cost. If real wood isn’t suitable for your home, then take a look at ceramic tile that looks like wood, whichceramic tile that looks like wood which is is enjoying a surge of popularity right now.

By the way, if you currently have old hardwood flooring, refinishing it instead of replacing it can significantly boost your return on investment. This is seriously worth considering as it costs far less to refinish, and the result is the same – a floor with a “brand new” look to it.

Carpeting

If your purpose is to spruce up your home in preparation for putting it on the market, carpeting is a cost-effective choice. Replacing old, worn and possibly smelly carpeting or rugs  with new will make a big difference in the eyes and noses of those shopping for a new house. Go neutral on color to appeal to the widest audience.

Vinyl Flooring

This one is much like carpeting. If you’ve got floors that need a makeover, inexpensive vinyl flooring in the kitchen, bathrooms, entryways and laundry can make sense, especially if hardwood flooring isn’t with vinyl flooring in the kitchen, bathrooms, entryways, and laundry can make sense, especially if hardwood flooring isn’t in the budget.

You may not get a “plus” return on vinyl, but it will give the home the appearance of being well-maintained. You won’t have to increase the sale price of your home to recoup a major expense either. As for color, go the neutral route with vinyl flooring too.

Potential buyers will see vinyl flooring in good condition and think, “that looks good for now, and we can always upgrade it in a few years.”

Your budget and how soon you plan to sell will help determine which flooring option will bring about the best return on investment in your home. Of course, while this home flooring guide is focused on the interior of your home, don’t forget to consider the return on investment of outdoor flooring options as well. Outdoor living spaces are a very popular home improvement investment projects right now.

Have you replaced your flooring recently? If so, how much did it cost, and do you know if it increased the value of your home? Please share your experience below.

About the Author:

Jamie Sandford

Jamie Sandford, Owner and Editor of Home Flooring ProsJamie Sandford is the Owner and Chief Editor of Home Flooring Pros (find out more). After 12 years’ experience in screen and stage set construction followed by a further 15 years working in the home renovation/remodeling business he now writes and curates online home improvement advice.

“Buying and installing home flooring should be a fairly straightforward process, but often it isn’t. After more than 15 years’ experience in home flooring and remodeling, I started Home Flooring Pros in 2013 to help homeowners navigate the often-over complicated process of choosing, buying and installing a home floor. The aim is to save you time and money by helping you to make better floor buying decisions.”

One thought on “Best Flooring for Resale Value 2023

  • July 14, 2021 at 12:21 pm
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    Would installing Dry core on basement floor be a good return on the investment when home is sold?

    Reply

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