Possible Benefits of Updated Flooring On Resale Value

If you're looking to increase the value of your home, updating your flooring is a great place to start. Not only does new flooring enhance the overall appearance of your home, but it can also increase its resale value. Some of the benefits of new flooring on your home's value could be:

• Enhanced Appearance
  One of the most obvious benefits of new flooring is the enhanced appearance it provides. Worn or outdated flooring can make a home look outdated or in disrepair, while new flooring can give your home a fresh, updated look. This can be particularly important if you're planning to sell your home, as prospective buyers are often looking for homes that are move-in ready.

• Increased Resale Value
  New flooring can also increase the resale value of your home. According to a recent study by the National Association of Realtors, new flooring has a high return on investment, with homeowners recouping an average of 91% of the cost of the flooring when they sell their home. This means that if you spend $5,000 on new flooring, you can expect to increase your home's resale value by an average of $4,550. *

• Improved Energy Efficiency
  Another benefit of new flooring is improved energy efficiency. Older flooring materials, such as carpeting, can trap dust and other allergens, which can lead to poor indoor air quality. This can also increase the workload on your heating and cooling system, resulting in higher energy bills. New flooring materials, such as hardwood or tile, are easier to clean and maintain, which can help to improve indoor air quality and reduce energy costs.
  
  If you are in love with your carpet (we get it) updating your carpet to newer options can help to improve indoor air quality and help with odors that may be trapped in older materials. 

• Increased Durability
  Finally, new flooring is often more durable than older flooring materials. This can be particularly important in high-traffic areas of your home, such as hallways or entryways, where the flooring is subject to a lot of wear and tear. New flooring materials, such as hardwood or tile, are often more resistant to scratches and other types of damage, which can help to prolong their lifespan and increase their value.

In conclusion, new flooring offers numerous benefits to homeowners, including enhanced appearance, increased resale value, improved energy efficiency, and increased durability. If you're looking to increase the value of your home, updating your flooring is a great place to start.

*Exclusively Floors and Cabinets makes no promises or guarantees on the return on investment related to flooring. This is simply an example based on the NAR finding.

- The Team at Exclusively Floors and Cabinets