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February 15, 2012

How New Flooring Affects Your Condo’s Resale Value

Filed under: For Buyers,For Sellers,Of Interest to Buyers,Of Interest To Sellers — Center City Philadelphia Real Estate Agent @ 3:08 pm

When you must choose a type of flooring for your home, it can be difficult to find the best option. Carpet is usually the cheapest flooring type, but if you want to increase the value of your condo, hardwood flooring is the optimal choice.

Unlike tile and carpet, hardwood floors last for years, never go out of style, and are compatible with any decorating scheme. Even if you are not planning to remain in your home, installing hardwood flooring can dramatically increase the home’s resale value.

Ease, Convenience and Durability of Hardwood

Homebuyers tend to prefer hardwood flooring because it is easy to clean and repair. Basic cleaning requires no chemicals, only mild soap and water. Scratches and scuffs are easily removed, and more severe damage can often be patched. Hardwood flooring also adds strength and stability to the construction of the home. Even buyers who do not like the color can solve the problem with a little wood-stain.

Hardwood floors are easier to keep clean because they do not hold allergens, animal dander, or dust, eliminating the need for shampoos. Hardwood floors are more capable of hiding stains, scratches, and signs of wear than other floors are. Even when these flaws do appear, they often add character to the floor, rather than decreasing its value.

When you list your home for sale with recently installed hardwood floors, your potential buyers are more likely to make acceptable purchase offers, because of the floors’ longevity. An investment in hardwood flooring will also increase the likelihood of a buyer offering to pay a higher price for your home than he would have if your floors were covered in carpet.

Cost

The right hardwood floor for your home depends on your price range and preferences. Natural wood is the most expensive, while engineered hardwood flooring is cheaper than natural wood, and composed of finished wood on top of plywood. Laminate flooring is made from a wood chip composite covered with melamine-infused paper, and costs less than engineered hardwood flooring, while vinyl flooring is the cheapest option.

Many types of hardwood flooring are easy to install, however, you can easily hire a professional. The total price of your project will depend on the number of square feet you need to cover and the type of flooring you choose.

The elegance and sophistication of hardwood cannot be matched, and installing hardwood flooring is sure to increase your unit’s resale value. Your potential buyers will love the other benefits as well, such as the easy cleanup, allergen and dirt reduction, and durability. Hardwood flooring is easy to install, and there are varieties available to fit every budget.

Justin Shimp
Floors to Your Home
j.j.shimp@gmail.com

Tags: hardwood flooring, Philadelphia condos

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