For many New Yorkers, your home is your biggest investment, one that you want to see do well and increase in value over the years. To help your home maintain or increase its value, you may undertake a range of projects. When it comes to increasing home value with a new floor install, Buffalo residents should consider these factors that are often overlooked, and the impact that flooring can have on a home’s value.
The Impact of Flooring on Home Value: Making Smart Investments
There are three areas where you can consider how flooring can impact your home’s value:
- Type: Many prospective home buyers may be looking for a lower-maintenance flooring so that they don’t have to worry about excessive upkeep. Others, especially for historic homes, may look for well-maintained hardwood or tile that fits with the home’s architectural appearance and time period. Refinishing existing flooring or replacing it can help improve the number and quality of offers you receive.
- Quality: In many cases, the quality of the flooring that you install can make a significant difference to the impression that potential home buyers have of your home. Quickly installing cheap flooring of inferior quality can hurt your home value, because it gives the impression that other parts of the home may have been handled in the same way, reducing their estimate of the value of your home’s value.
- Condition: If your home’s floors are visibly damaged or worn, it creates a poor first impression on potential buyers. This can lead to limited or lower offers because the prospective buyers have already figured the cost of replacement into their expenses of acquiring your home. For this reason, you should change out damaged or worn flooring prior to listing your home and take care to maintain and repair it during the listing process.
When you understand the impact that your flooring choices can have on your home’s value, it’s easier to make smarter choices. If you’re ready to make a change in your home’s flooring, Modern Flooring & Renovations in Buffalo offers new floor install services and is ready to help. Please feel free to contact our friendly team of professionals with any questions, for more information, or to schedule a consultation.
