Carpet
Average Cost: $0.75 to
$12 per square foot
Carpet can last between 15 and 18 years if it's well maintained.
However, it's prone to stains and snags, especially in homes with pets or small
children. While many buyers prefer carpet in bedrooms, it's often less
desirable in other areas and usually doesn't provide a strong resale boost.
Tile
Average Cost: $4.00 to
$10.00 per square foot
Tile flooring is extremely durable and can last up to 30 years
if cared for properly. It's a popular choice in moisture-prone areas like
bathrooms, kitchens, and high-traffic areas. For the best return on your
investment, opt for neutral colors to give each space a timeless look.
Luxury Vinyl Plank
Average Cost:
$2.00 to $7.00 per square foot
Luxury vinyl plank can last 20 years or more, making it a strong
option for mid-priced homes. It also comes in a wide range of styles that mimic
hardwood at a more affordable price point. Buyers often appreciate the look of
luxury vinyl plank and how easy it is to maintain, which can boost resale
value.
Hardwood
Average Cost:
$2.00 to $14.00 per square foot
It's no surprise that hardwood flooring is still the most
desirable flooring choice. With a lifespan of 30 years or more, it's a durable
option that can even be refinished when it starts to show signs of wear.
Overall, hardwood floors provide the best resale value.
To estimate your flooring budget, measure each room you plan to
upgrade. Then add about 10% to the square footage you calculate to give
yourself a buffer. Finally, multiply this number by the low-end and high-end
cost of your desired material and divide by two to get the average. If you're
planning to hire a flooring contractor, request multiple quotes and compare
them against your estimate to get the best deal on your next remodeling
project. You'll be happy you spent a little time researching and calculating
costs upfront once your new flooring is installed.
Sources: usatoday/moneyhomes
Team Lasson is here to assist with all of your home buying or refinancing needs! If you’re considering taking the leap into home ownership in the near future, we’re here to help or if you already own and need to discuss options for those property upgrades or remodel projects, we can help you there too. Contact us today to explore which loan program aligns best with your financial goals.
The first step in preparing for your big purchase is to get
pre-approved for a mortgage at Lake of the Ozarks. Visit www.yourlakeloan.com or
call us at (573) 216-7258 to get started today!
Michael Lasson
Senior Mortgage Banker
NMLS #: 493712
Flat Branch Home Loans – Team Lasson
2882 Bagnell Dam Blvd
Lake Ozark, MO 65049
Cell: (573)
216-7258
Email: teamlasson@fbhl.com
Website: www.yourlakeloan.com
**The
postings on this site are my own and do not necessarily represent Flat Branch
Home Loans positions, strategies, or opinions.
Flat Branch Home Loans
NMLS 224149. A Division of Flat Branch Mortgage Inc.
For more licensing
information, visit NMLSConsumerAccess.org
