Most high-quality and modern laminate floors definitely add value to a home, just as a real hardwood timber floor will. For most people, they are indistinguishable from real timber or tile floors. Be careful with cheap laminate flooring though, as there will be tradeoffs in quality and design.
Ways of Increasing Property Value with Flooring:
- Consistent Flooring – Avoid mixing the type of flooring between different areas of the home. Properties with consistent flooring are valued much higher than those with mix-and-matching flooring.
- Avoid Carpet – Although carpet is great for bedrooms, having a carpet has fallen in popularity over recent years due to its difficult maintenance and allergic reactions from dust. Hard flooring like timber and tiles have become the more ‘prestigious’ floor covering as opposed to carpet.
- Consider Solid Timber – Research which suggests that installing hardwood flooring has a return on investment between 70% to 80% according to Realtor. Home remodelling expert Alex Biyevetskiy claims that hardwood flooring increases the resale value of housing by 2.5% when done right.
Laminate floors are ideal for bathrooms, dining rooms, living rooms, or anywhere in the house where scratches, stains, or wet areas could be a concern. It’s a high-performance floor that comes with a low price tag.
If you are looking for flooring as a property developer or investor, we have an entire article about increasing property resale value through flooring.
