There’s a lot that goes into making a fix-and-flip real estate investment opportunity profitable. The price you pay for the property and the work you choose to do – including the flooring type you choose – will all ultimately decide how much you can earn from your investment. Below are some of the best flooring options to consider and why you should consider them.
Laminate flooring is considered affordable when compared to options like hardwood or carpeting. It comes in a wide range of colors, textures, and styles, and some can even mimic the appearance of materials like wood or marble. It typically looks nicer and more expensive than vinyl, and you can purchase it in sheets, rolls, planks, or tiles to help reduce waste.
Vinyl flooring was once considered the “cheap” flooring option, but today’s vinyl is much nicer – and much sturdier – than the vinyl in years past. Like laminate flooring, you can purchase it in rolls, sheets, planks, or tiles, and it comes in unique colors, patterns, and styles to suit your design taste, too. Vinyl is great if you plan to rent your home to pet owners as it is incredibly durable and tends to resist scratches, staining, and other common pet mishaps that might otherwise damage more expensive options.
Hardwood flooring is an expensive choice, but if you are renovating a home to provide the future owner or renter with sheer luxury, there is nothing that can compare. Hardwoods like oak, maple, hickory, and even cherry are all quite popular, and they can be stained and finished in any way that suits the home’s ultimate design. Sometimes they can be left unstained and sealed for a rustic appearance, but they can also be stained almost black for a modern or even an industrial feel, too.
Carpeting was once the flooring of choice for most consumers, especially for those who lived in cooler climates. Carpeted floors feel soft and warm underfoot during the cold months, and they bring a sense of comfort and home. However, landlords tend to shy away from carpet, which can be easily ruined in a matter of moments. Even homeowners avoid it as the trouble and expense associated with carpet cleaning is simply too much hassle. Hard flooring with an area rug tends to be more affordable and easier to keep clean.
Cork is not as popular as other materials on this list, but it is gaining popularity all the time. It’s like having a vinyl floor with a bit of give and insulation, so it bridges the gap between hard floors and carpeting in a way that is unique. Cork is non-slip whether it is wet or dry, and because it gives when struck, it’s perfect for families with smaller children. It’s also important to note that cork used for flooring is sustainable, too.
If you’re not sure which type of flooring to choose for your next fix-and-flip project, these five options are the most popular across the nation for good reason. Think about the demographic likely to buy or rent your home and choose the best option from there.