Carpet vs. Hardwood: What's Better for Resale Value?
Your home's flooring plays an intricate role in its value. So whether you have carpet or hardwood, you'll have to decide which is better before a resale.
In 2016, the National Wood Flooring Association saw a 39% percent increase. That was in wood flooring sales alone, which was a jump from the previous year. By 2018's end, that number's expected to increase by significant percentage points.
Carpet flooring isn't lagging behind. It still dominates, controlling 57% of the flooring market. That number will remain strong with a possible swell in percentage points.
Whatever the floor, if you're still deciding on a one, read on. We discuss carpet vs hardwood and which is better for the resale value of your home.
Carpet vs Hardwood: Buyers Are Vying Hard for Hardwood
There are certain features in your home that not only increase its value but will sell it fast. According to the National Association of Realtors, hardwood floors are one of them.
Sellers often overlook flooring, considering it a minor detail compared to other aesthetics. But 90% of real estate agents still insist hardwood floors make most homes easy sells.
Buyers like the way these floors look and their versatility. They're also easier to maintain than carpet and more durable. Some pros include:
- Aesthetic enhancement - Hardwood floors add elegance to the look of your home. That elegance transcends from room to room, giving the whole home an overall sleek appearance.
- Air Quality - Hardwood floors carry fewer dust mites and pollen because they are easier to clean and maintain. Most of the time, a simple dust mop is all you need.
- They fit any decor theme - Hardwood floors work with any color scheme, which is a plus for remodels and upgrades.
The advantages of these floors offer more progressive selling arguments. They're more modern, and they add a certain timeless beauty to any home.
Carpeted Floors Are Still a Viable Option
Hardwood has its versatility, but carpet has more all-around options and styles, which is why people still request it.
Carpeting in many cases costs less than hardwood flooring and has a floor life of about 15 years. Plus, wall-to-wall carpeting is still a luxury in some communities.
It enhances the natural look of most living spaces, increasing the home's value. And most realtors admit this flooring comes with compelling selling points. Carpet absorbs sound, and it's much safer.
Fewer slips and falls happen on carpeted floors. And, it provides better insulation, which reduces heat loss. In some geographical locations, this is a win.
Additional benefits include:
- Comport - It's softer under the feet.
- Style - From casual to luxurious, carpet can change the entire look of a room.
- Health - Despite past reports, carpet is still a safe option for people with allergies.
- Maintenance - Modern carpeting comes treated with stain-resistance, making spills easier to clean.
From wool to acrylic, the different types of carpeting goes beyond hardwood flooring options.
Weigh Your Options
When it comes to deciding between carpet vs hardwood, it comes down to selling value. Will this home sell better in this community with this type of floor?
Weigh the pros and cons of each floor as well as consider the opinion of a professional.
And, check out our flooring options for more ways to increase the value of your home.