What floor material will add more value to the house?


  #1  
Old 03-25-19, 08:38 AM
C
Member
Thread Starter
Join Date: Jul 2010
Location: USA
Posts: 959
Received 0 Votes on 0 Posts
What floor material will add more value to the house?

I've seen many people uses LifeProof luxury vinyl planks flooring. How is this compare to traditional hardwood as far as value goes?
 
  #2  
Old 03-25-19, 11:44 AM
Marq1's Avatar
Member
Join Date: Sep 2016
Location: USA MI
Posts: 7,510
Received 535 Votes on 495 Posts
Value being for the installation or as in resale?
 
  #3  
Old 03-25-19, 12:09 PM
C
Member
Thread Starter
Join Date: Jul 2010
Location: USA
Posts: 959
Received 0 Votes on 0 Posts
In this case, I'm referring to resale price.
 
  #4  
Old 03-25-19, 03:01 PM
S
Group Moderator
Join Date: Oct 2004
Location: WI/MN
Posts: 19,641
Received 98 Votes on 86 Posts
Generally speaking, tile or real wood are going to help, vinyl is typically considered below those but some types are gaining popularity as fine finishes.
 
  #5  
Old 03-25-19, 04:55 PM
Marq1's Avatar
Member
Join Date: Sep 2016
Location: USA MI
Posts: 7,510
Received 535 Votes on 495 Posts
In my opinion laminate would be a downgrade in value because I hate the stuff and would deduct the cost from the property that I would have to spend to replace.

I have seen the vinyl but could not offer an opinion but I'm sure it would not be up there with wood flooring!

There just is no substitute for the rich warm feel of real wood flooring, it's timeless!
 
  #6  
Old 03-26-19, 10:56 AM
C
Member
Thread Starter
Join Date: Jul 2010
Location: USA
Posts: 959
Received 0 Votes on 0 Posts
Thanks for the responses, much appreciated!
 
  #7  
Old 03-26-19, 02:19 PM
the_tow_guy's Avatar
Group Moderator
Join Date: Feb 2001
Location: SW Fla USA
Posts: 12,025
Received 68 Votes on 57 Posts
FWIW, we're not selling anytime in my lifetime, but we love the vinyl plank we've put down in own kitchen and living/dining room.
 
  #8  
Old 03-27-19, 10:19 AM
H
Member
Join Date: Nov 2012
Location: USA
Posts: 2,082
Received 166 Votes on 145 Posts
Originally Posted by Charlie2
What floor material will add more value to the house?
I generally suggest getting an estimate and then giving a specific dollar credit (say $4,000) to the new buyer and let them pick exactly what they want.

Most home updates will return 50% to 90% of the up-front price. If you spend $4,000 for new floors, you (might) get a $3,000 increase in value. However, if you give a credit of $4,000, then the buyers "see" that entire $4,000 as "value".

You avoid the drama of holding an open house, only to find that somebody wore stiletto heels and just dotted up your new floors.
You also avoid the moving-out / moving-in concerns about whether it was the sellers-movers or the buyers-movers who scuffed up that pretty new floor.

-disclaimer-
I'm a Realtor, but I'm not YOUR Realtor...
 
 

Thread Tools
Search this Thread
 
Ask a Question
Question Title:
Description:
Your question will be posted in: