Real Estate Professionals and Property Valuers across the Mornington Peninsula and Melbourne suburbs agree new flooring can significantly boost your home’s value, especially if you choose the right type. Here are some key points to consider.
Hardwood Flooring is often the top choice for adding value. Installing new hardwood floors can yield a return on investment of around 118%. On average, it can increase your home’s value by about 3% – 5%.
Luxury Hybrid and Laminate Flooring options have become increasingly popular due to their durability and aesthetic appeal. While they might not add as much value as hardwood, they are still a good investment, particularly for high-traffic and wet areas.
Carpet is not as highly valued as hardwood or luxury Laminate flooring, however, new carpet can still enhance the appeal of bedrooms and other cozy spaces. It’s a more budget-friendly option that can freshen up the look of your home.
Overall, new flooring not only boosts your home’s value but also helps it sell faster, making a great first impression on potential buyers.
