Hello World!  Welcome Friends!  When it comes time to getting the most resale value possible out of your home or condo, there are certain improvements and additions that more often than not increase what buyers are willing to pay. One of the most tried and true ways to add resale value is through your flooring.

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Can Flooring Increase the Value of Your Condo?

Sellers are often curious about how and why floors can increase what they can ask and get for their condo. Below are some of the things to keep in mind when deciding if your condo flooring justifies increasing your asking price.

Different flooring materials have different effects

It is important to keep in mind that certain types of flooring will have more of a positive impact on a buyer than others. Hardwood is, for the vast majority of people, going to be preferable to carpet.

Not all flooring investments are going to provide you with a worthwhile return on investment, so it pays to know which ones make sense, and which do not.

Hardwood is the top choice

Hardwood has been for some time, and continues to be, the most desirable flooring option among condo buyers. Most real estate agents will be quick to tell you that a condo with hardwood floors is easier to sell than one without.

People are willing to put up more money on a place that has beautiful hardwood floors, especially if they are deciding between places that have hardwood, and carpeting. If it is between your condo and someone else’s, and you have hardwood, you are likely to get both the sale, and more money.

You have to place your hardwood strategically

If you are thinking about putting hardwood in to increase the value of your condo, especially if you are on a budget, you should know there are areas where hardwood is more important than others. Living rooms and hallways are the most important places to have hardwood. Additionally, buyers also like to see 2-3 types of flooring in a condo or home they are buying. You don’t need hardwood in your entire condo in order to add resale value.

Flooring only matters if it’s in good shape

You could have the most exquisite hardwood floors in the world, but if they are in desperate need of maintenance or repair, buyers probably won’t be willing to pay for them. You might have nice underlying hardwood, but they require refinishing.

If you know well in advance that your hardwood floors are going to help you increase your resale value, then you are going to want to stay on top of spills and stains. In fact, floor installation and maintenance experts advise you to “spot clean spills immediately to avoid stains or damage.”

Your flooring is one of the most important elements of your condo, and taking time to carefully select and maintain your floors could see you add a significant amount of resale value. If you are wondering how to get the most of your condo’s floors come staging time, keep the above considerations in mind and increase your resale value.

Click the links below for any posts you may have missed!

Before & After Room Transformations

Make it Pretty Monday

10 Considerations to Make Before Remodeling your Kitchen

New House Tour

Choosing Tile

Our House Sold in One Day

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