How New floors can help sell your home, by decreasing time on market
- smithfamilyfloorin
- Jan 1, 2024
- 1 min read
Fresh Floors, Faster Offers: How New Flooring Sells (or Rents) Your Home Quicker
Thinking of selling or renting your home? Don't underestimate the power of fresh floors! According to the National Association of Realtors, homes with new flooring spend 13% less time on the market compared to those with worn-out carpets or outdated tiles.
That translates to faster offers, potentially higher selling prices, and less vacancy for rental properties. Why such a dramatic difference? Here's the breakdown:
First impressions matter: New flooring makes a positive and lasting impact on potential buyers or renters. It conveys a sense of care, cleanliness, and modernity, creating a more welcoming and desirable space.
Enhanced appeal: Gone are the days of dingy carpets or scratched wood. Modern flooring options like luxury vinyl planks or laminate offer stunning visuals that match various design styles, broadening your appeal to a wider range of buyers or renters.
Increased perceived value: New flooring isn't just aesthetically pleasing; it signals quality and upgraded living. Studies show potential buyers perceive homes with new flooring to be worth 5-10% more, translating to higher potential selling prices.
Low-maintenance allure: Busy lives crave convenience. Easy-to-clean and maintain flooring, like vinyl or tile, is a major selling point for both buyers and renters, increasing its value on the market.
Investing in new flooring might seem like a cost, but consider it an investment in your home's marketability. With faster turnaround times and potentially higher value, fresh floors can be the key to closing that deal sooner, whether you're selling or renting!
Sources:
National Association of Realtors: https://www.nar.realtor/sites/default/files/documents/2022-highlights-from-the-profile-of-home-buyers-and-sellers-report-11-03-2022_0.pdf
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