I am happy to say that things are good again! The economy is booming, everyone in my industry is busy. New construction has ramped up tremendously. This has translated to a “Seller’s Market”.
This is great news for homeowners thinking about downsizing or changing their current zip code. When considering putting your home on the market, or just testing the waters to see what it is worth, clients often realize their flooring needs to be updated.
While contemplating this decision it’s important to choose the right type of flooring to get the most desirable surface to update and add the most value.
Some of the options to consider: Hardwood, Tile, LVT, Laminate, Carpet, Cork?? What’s in?? But more importantly, should we care what’s trending?
There is definitely a rise in hard surfaces for many reasons, some of them include:
- -Hard surface allows a greater number of years between installations vs changing carpet every 7-10 year
- -With more people owning some type of pet, hard surface is more durable and easier to clean up vs carpet.
- -More consumers are sensitive to allergens and dust embedded in carpets, making hard surface more optimal.
The choice you make for your particular home may be influenced by price point of the home, the type of home, and where it’s located. These factors can influence your decision of the type of flooring you choose.
Luxury Vinyl Tile/Plank is hugely popular now, but it is not appropriate for the main floor of a home in $500K + range. Homes over $500K should have an upgraded surface such as hardwood flooring or tile/stone.
The basement or terrace level can be an area to install LVT or carpet or a laminate. The laminates and vinyls have improved so much that at first glance they appear to be wood and a higher-end surface than the price reflects. Keep in mind to choose colors that will stand the test of time to keep thing updated, even if you choose to hold off selling for a few years.