How Does Tile Flooring Affect Your Home's Resale Value?
Choosing the best flooring for your home is a big decision. Not only can installing new floors be expensive and disruptive to your daily life, but the product you choose will impact your home's value for years to come.
Typically, hardwood flooring has the biggest beneficial impact on your home's value and the most substantial return on investment. It's not right for spaces that are frequently exposed to moisture, however, and installation is often an expensive and time-consuming process. The good news is that most types of tile will also increase the value of your home and make it more attractive to buyers. The durability and attractiveness of porcelain tile, for example, can signal that your house is built well and with high-quality materials.
In a world where tile comes in every shape, size, and material imaginable, it's a popular choice for many homeowners. This material is easy to clean and durable, making it a great option for those with busy schedules. With such a wide array of options to choose from, however, it's hard to know exactly how it will impact your home's value. Different styles and materials will provide different results, so choosing the right tile can be a challenge.
Adding value with the right flooring
As we have already established, tile comes in a ton of different colors, materials, sizes, and patterns. Which you choose can impact the return you see on your initial investment. Ceramic tile is among the cheapest options and typically sees a 70% return on investment. It's also DIY-friendly. With that being said, however, poorly-installed flooring can negatively impact your home's value across the board, so be sure to avoid these tile-laying mistakes if you attempt to take on the project yourself.
Porcelain tile is often a more durable choice than ceramic, but because it costs more, its return on investment averages only around 55%. Marble tile, on the other hand, is often the most expensive option, and because of its reputation for not being durable and requiring lots of upkeep, its return on investment is less than 50%. Other natural stones vary so widely in type and price that it's difficult to predict the exact impact of the value on your house.
Of course, if budget is your main concern, it may be wise to consider vinyl flooring. This won't read as the most luxe option to potential buyers, but it's significantly better than attempting to sell with damaged or dated flooring. Beware, however, that low-quality vinyl flooring can have long-term effects on your home's value. Stick with luxury vinyl plank options to save some money without lowering your home's value, or decrease your labor costs by opting for tile and installing it yourself.