There’s a reason that so much money is pumped into the remodeling and repair industry: it increases the value of the property. However, often an investment into an upgrade won’t make sense in terms of what you’ll be able to make back on it over time, so careful consideration is definitely needed. That’s especially true for basic design decisions such as the flooring. So, if you have a rental property, why exactly would you want to put in new floors? And then, how exactly do you figure out which type of flooring fits the situation? Here are a couple of reasons why you may want to put (or at least think about putting) in new floors.
To breathe new life into an apartment. Switching out to a different type of floor makes the ambience completely different. If a room had dirty carpet, a vinyl floor that was tearing or commercial tile that was coming up. Changing the floor will give the space a clean, well maintained feel.
To drive up the value of your property. You can see increased value provided you make wise choices, such as switching to hardwood floors or fresh kitchen and bathroom tile.
To give a sense of spaciousness. Making the flooring uniform creates a perception that the apartment is bigger.
Decrease the heating bills. If you are in a northern city, it sometimes makes sense to use carpet, because it can bring down your heating bills. Tile or wood floors, on the other hand, don’t absorb the heat nearly as much, so they are often preferable in southern environments.
Prevent future maintenance. You can avoid the need for repairs in the future by putting in floors that resist damage in the public parts of the building and other areas of substantial use. But then..how do you know which flooring type is right for your situation? Well, the type of flooring you put in should definitely be based on what the property is worth, where it is, and how a given area is used.
How do you determine what the property is worth?
Well, the fair market value will play a huge role in determining the quality of flooring that should be used in the property. You do not want to spend a ridiculous amount on the flooring compared to the value of the home. Luxury homes should feature luxury flooring:
Skip laminate and go for real hardwood. It’s a good idea to invest in a high-end carpet rather than a standard one. Use marble or a similarly sought-after stone for tiles. When the property is not high-end and might have more people moving in and out, you want your floor to withstand the many transitions:
Tile that’s designed for heavy use so it is less likely to be damaged. Carpet is probably not the best bet in a typical rental. It often must be replaced frequently because of staining and bad odors it absorbs. Do you want wood or a wood alternative? There are many options including laminate, engineered hardwood and solid hardwood that will make sense for this price range.
Is location important?
Your location in the country determines your climate, and that’s critical to flooring.
When you live in locations with significant humidity or high temperatures, you may want to go with tile rather than carpet or wood. It helps lower the temperature and doesn’t require frequent replacement. Hardwood floors will expand when it gets humid, sucking in some of the water vapor in the air, resulting in cracking and warping.
Carpet, similarly, has a couple of problems in those environments: retention of heat and moisture (with the potential for mold growth). Within the property, looking at a specific area, you need to consider how that space will be used. Bathrooms typically use tile because there isn’t a moisture or heat issue related to that flooring type. The kitchen is often in tile for the same reason. Carpet would never make sense in a room where food is prepared. Some buildings now use hardwood, but it’s a questionable choice since the wood can buckle from heat and moisture.
Is carpet bad?
Carpet isn’t all bad, though. On second floors, where you are trying to reduce noise, carpet could be an option as it absorbs sound better than most other flooring materials; it also helps insulation.