The right type of flooring will not only affect the look and feel of your home but will also significantly increase its value. The installation of hardwood floors can give you as much as 70% to 80% return on your investment (ROI).
Your home’s sale price can increase by as much as 2.5% if you install any type of wood floor. Finding the right material and design for your floor covering can enhance any room in your home.
Pair this with professional home staging, and your home will spend little time on the market, and you’ll get more than your asking price. Read on to find out some of the flooring trends for 2021 that can help you get your home sold quickly.
Types of Flooring
Flooring is one of the first things that guests notice when they enter your home. So it’s important to choose wisely as it’s also a significant investment. Here’s a look at a few flooring options, including their cost, aesthetic appeal, and their potential to increase the value of your home.
Carpeting your home can cost you from $4 to $6.50 per square foot. It’s estimated that its ROI is about 25% to 40%.
Despite its affordable cost, many real estate professionals consider wall-to-wall carpeting a design mistake. Because many buyers expect wood flooring when viewing homes, especially in a modern home. It’s probably the reason it has the lowest ROI of the various types of flooring available, despite being cheaper than most.
A buyer may accept new carpeting as this eliminates concerns about its durability and cleanliness. So, unless you’re installing it in a home that you’re selling once renovated, take into consideration the inevitable wear and tear when you’re ready to sell and how this will affect the number of offers you receive for your home.
Carpeting is an affordable alternative if you want to quickly spruce up your home before you put it on the market.
Marble tile costs approximately $18 to $44 per square foot. Its ROI is less than 50%.
Marble flooring can give your home an upscale, sophisticated look. It allows you to use a natural material that, once well-cared for, can add to your home’s value. There are many beautiful design options to choose from that can enhance any room in your home. It’s also quite easy to polish.
Despite this, buyers are often turned off by the amount of maintenance it requires. Especially after they’ve spent so much on its installation. It also scratches and stains easily and can become slippery and brittle over time.
This can result in your flooring losing its elegant finish by the time you are ready to sell your home. Its susceptibility to damage is also a turn-off for many buyers.
Natural Stone Tile
Natural Stone tile flooring costs about $12 to $35 per square foot. Its ROI is fairly high, ranging from 55% to 70%.
The cost of stone tiles may vary depending on the type you choose. There are low-end options such as slate that are cheaper to install than more expensive options. However, it has a more rugged look that some buyers may not like.
Buyers often expect to see high-end stone tiling, such as limestone, in modern homes. Despite being more expensive, many buyers are willing to pay for this high-end choice, hence its great ROI.
Porcelain tiles cost from $18 to $32 per square foot with an ROI of about 55%.
Porcelain tiles are a popular type of flooring because it’s dense, scratch-resistant, and generally more durable than other types of tiles such as ceramic. Buyers looking for value will take note if you’ve used porcelain tiles in your home.
It’s easy to clean and looks good without requiring a lot of maintenance. However, it’s on the more expensive side for tile and this is before you factor in installation costs.
Ceramic tiles cost an average of $10 to $25 per square foot. It’s one of the flooring options with a higher ROI.
Installation is the most significant cost associated with ceramic tile flooring. So you have some control over how much you spend based on who you choose to install it. You might even want to take the chance and install it yourself, as it can be fairly easy to do.
If you choose to do your own installation, your ROI could be close to or exceed 100%. There are many options to choose from, making them versatile. They’re also durable and require little maintenance.
Due to the many options available, wood flooring is quite affordable, ranging in cost from $5 to $10 per square foot. Its ROI is 70% to 80%, one of the highest ROIs compared to other flooring types.
Wood flooring not only looks classy, but it is a great investment. It’s versatile, durable and most buyers expect it when they enter a modern home.
Hardwood wide-plank floors are a popular option, but they’re expensive. However, because it’s the hardwood finish that makes wood floors attractive, manufacturers have found ways to replicate this look using a variety of materials, including laminate and tile.
Flooring Trends in 2021
Hardwood seems to be the winner when it comes to flooring trends this year. It may come as a surprise given the cost of traditional hardwood, but the various material options available that still provide a wood finish have made it a popular and affordable choice.
Vinyl planks that look like wood due to the detailed grain and texture provide a realistic hardwood lookalike option for homeowners who want this look at an affordable price. The great thing is that although it looks exactly like wood, it’s much easier to maintain. The vinyl is scratch-resistant and waterproof. You can easily use it in the high-traffic areas in your home as cleaning is hassle-free.
The laminate option is similar to the vinyl but costs less. It’s also durable and waterproof. It comes in a variety of style options so that you can get the look you want for less. It’s also extremely easy to maintain.
Want a hardwood look in your bathroom as well as the rest of your home? Then wood-like tile is a great option. It’s moisture-resistant and durable and usually made from porcelain. Despite its cost, it’s a long-lasting, easily maintained alternative to hardwood.
Pair any of these with a well-staged home and you’re sure to get multiple offers. These new options are so well-manufactured to look like wood that whether you’ve chosen to do remote home staging or a physical open house, buyers won’t see the difference even when you let them know the hardwood alternative that’s in your home. That’s how well-manufactured these new options are.
Other Flooring Alternatives
Here are some other 2021 flooring trends you may want to consider:
- Patterned flooring including patterned carpet, tile, or pattern-laid wood
- Stone flooring including concrete, imitation stone, or natural stone
- Unified flooring theme throughout the house
- Variations in floor fittings
- Warm shades of coloring
- Textured flooring
Any floor trends buyer’s guide will also look at the characteristics of flooring such as scratch resistance, waterproofing, and eco-friendliness.
Floor Coverings That Can Help Sell Your Home
Floor covering can give your home the modern upgrade it needs. If you’re about to put your home on the market, investing in one of this year’s flooring trends as well as home staging can make the difference in getting your home sold fast, for more than its market value.
Stageful is a professional home staging company that will make your home looks its best for potential buyers. Request a consultation today and ask us about our remote home staging, so we can start working to increase your home’s value.