Adding Value to your Home by Updating the Floors
Todays housing market is influencing the types of investments that people are making to their homes. The majority of homeowners dont want to put costly upgrades into their property for fear they wont make out on the back end of their investment. While some upgrades and improvements can wait, others cant. Flooring is one of those. Once your flooring becomes worn or damaged, it must be replaced. This helps your home retain its value, plus keeps your home looking its best. Yet what types of flooring options are the most economical for your home investment?
Quality and Economy
Too often, economical also means less quality in home improvement. Yet this doesnt have to be the case with flooring. There are plenty of economical flooring options that will deliver years of use, even in high-traffic areas. What you must consider is the total cost of the flooring project, not just the cost of the materials. Many people look at the raw numbers of the supplies, multiply the cost by the square footage of the room and assume that the end number will be the cost of the project. There are many other factors to consider such as underlayment, padding, molding and trim and installation.
Take engineered wood and carpet for example. The wood costs $2.98/square foot, while the carpet is only $1.89/square foot. At first glance, it would appear that carpet is the more economical choice. Yet carpet also needs a quality padding that adds $200 to $300 for every six feet of carpet, plus professional installation. Even stores that boast free installation have you paying for it somehow.
With engineered wood, you can install the flooring yourself, saving on installation. Plus, only an underlayment is needed underneath, and underlayment is cheaper than carpet padding, costing approximately $30 for 100 square feet. And, wood wears better than carpeting and is less maintenance, so youll pay less money for a more durable, longer lasting floor.
Wood Flooring is an Investment
When looking at economical flooring options that are ideal for home investments, wood is always the best. Wood is the only floor choice that will actually add value. If you stick with engineered wood floors, you can do the installation yourself, as it uses a simple snap-and-lock installation method that doesnt require hammers, nails or glues. Engineered wood is also most versatile, as it can be installed just about anywhere in the home, unlike solid wood that has its limitations.
Vinyl Flooring is Economical
Vinyl flooring continues to be the most economical choice of flooring, although it wont add value to the home. Vinyl requires no underlayment or padding, so the cost of the materials will make up for the bulk of the project. Vinyl has come a long way and now includes sheet vinyl that provides a seam-free look, or you can install vinyl tiles using the handy self-stick backing. Vinyl is also available in wood planks that have an adhesive on the back, giving you a faux wood floor for a low cost.