When you flip a house, you want to stay on budget and make the most profit possible. One decision that can add value to your flip is the type of flooring you decide to install. Read about various types of flooring and how best to use them in a flip.
The ability to flip a house and make a profit sounds like a good idea, but it can turn into a disaster if you don’t make sound decisions. One of the most important decisions to make is what type of flooring to install. You’ll want to stay on budget, of course, but you’ll also want to install the highest quality flooring that you can afford, whether it’s wood, tile, carpet, or a combination of these choices.
Wood Flooring
For high-end homes in neighborhoods where you can sell your flip for a substantial profit, hardwood floors are always the best option. Buyers who are looking for property in these areas expect excellent-quality hardwood throughout the house and will pay extra to have it. If your flip is in a lower-end neighborhood, buyers will still want quality flooring, even if they can’t afford it, so it’s best to find a way to meet that expectation. However, with a smaller profit margin, you might need to compromise a bit. If your budget doesn’t allow for hardwood, try vinyl wood planks or laminate wood flooring that looks like hardwood. Choose the highest quality that you can find that will fit your budget.
Tile Flooring
Another great option to attract homebuyers to your flip is tile flooring. It’s usually less expensive than hardwood, but it’s also non-porous, resistant to scratches, and quite durable. You can install tile that looks like wood to get the same gorgeous appearance of hardwood, but with a sturdiness that will last. Because tile is non-porous, you can create a seamless look from the living space into the kitchen, bathrooms, and throughout the entire home. This continuous type of flooring will make the interior look more spacious. Because of this, tile makes an excellent choice in smaller houses.
Carpeted Flooring
This least expensive type of flooring to put into a flip is carpeting. Even so, you should select a high-quality fiber for the best look. Depending on the demographics of the area where you’re flipping your house, carpet can be a selling point. The softness and safety that carpeting provides are perfect for seniors and families with elderly pets. Slips are less likely, and if a fall does occur, the carpet will lessen any injuries. With carpeting, you also have an almost unlimited choice of colors and patterns, so you can select the perfect style to highlight your flip.
Combination Flooring
The majority of flips will incorporate a combination of flooring, so you can provide homebuyers with what they want and still stay within a reasonable, renovation budget. For example, you can install hardwood flooring in the main living area of the house, tile in the kitchen and bathrooms, and then carpeting in the bedrooms. Many homebuyers prefer the feel of carpeting under their feet in the bedroom, especially in the winter when tile and wood can feel too cold. Another example is to install floor tiles throughout the house for a gorgeous look, and then put carpeting in the bedrooms to lessen the renovation expense.
Many flooring choices exist when you’re flipping a house. You need to take into consideration your budget, the location of the house, and the type of buyers who will be attracted to the area to make the best decision on what flooring you need to install. Beautiful floors, regardless of the material you select, will help you sell your flip faster and for a more substantial profit.
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