Will Vinyl Flooring Increase My Home's Resale Value?

Will Vinyl Flooring Increase My Home's Resale Value
by John Carlucci - September 1, 2022,

Whether you're looking to sell your home soon or relish its magnificence for a few more years, it's important to know what products will increase the property's value when executing improvement projects. Vinyl flooring is one great way to increase your home's resale value while also improving aesthetics. The value vinyl flooring brings is typically a result of the benefits it offers homeowners.

5 benefits of vinyl flooring

Here are five benefits of vinyl flooring to homeowners:

1. Low maintenance cost

Before installing any addition to your home, consider how much maintenance it will require. No matter how beautiful it is, will maintenance be a headache for the homeowner? Then it wouldn't be a good buy.

One of the greatest benefits of vinyl flooring is the low maintenance cost. In short, it is considered one of the lowest maintenance flooring options out there. It requires very minimal upkeep to ensure it continues looking fresh for years. Washing once a year is recommended; you can do it yourself because it's very easy.

Vinyl improves a home's value by reducing maintenance costs since you won't have to schedule regular maintenance or repair.

2. It is durable

One notable benefit of vinyl flooring is its durability. When properly cared for, vinyl can last 10-20 years. It is also very capable of withstanding heavy foot traffic.

But what if you're looking for a flooring option for your deck or patio? It's common to worry about fading due to sunlight and harsh weather.

Thankfully, there are special vinyl products ideal for both interior and exterior use. You can use marine vinyl fabric for external use since it's specially designed to resist UV rays and moisture. Hence, you have nothing to worry about the color fading due to sunlight or mold growing due to atmospheric moisture.

3. It is cost-effective

Vinyl is a very affordable flooring option. Since you spend less on purchase and installation, vinyl flooring offers you a higher profit margin when considering resale value.

If you spend $2,000 on your home improvement to add $5,000 to your home's value, that's a profit of $3,000. When you spend $1,000 on a cheaper home improvement to get that same additional value of $5,000, your profit becomes $4,000. Therefore, the cheaper option offers you a higher profit margin.

4. Vinyl flooring is aesthetically pleasing

First impression matters when it comes to a home's value, and aesthetics have a tremendous role to play. The way a home looks at first glance can compel a buyer to pay higher just to make the property theirs.

Thankfully, vinyl flooring offers immense aesthetic benefits due to the wide array of profiles and colors available to create any desired appearance. You can find vinyl flooring made to look like cedar and stone. Whether you are installing it on your deck outside, living room, or kitchen, an appealing floor will surely make a good impression.

5. It is water resistant

Vinyl is water-resistant, making it an excellent choice for areas prone to moisture, such as kitchens, bathrooms, and laundry rooms. If it's your exterior, the deck, swimming pool area, and patio also stand to gain.

The bottom line

The benefits of vinyl flooring are too strong for any knowledgeable home buyer to pass up. Anyone who knows what they stand to gain from a home with vinyl flooring would be more willing to pay the extra. So, yes, vinyl flooring will certainly boost your home's value if applied correctly.

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