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Spending Less on Home Renovations: Flooring Factors

For a home remodel project, flooring has one of the most significant impacts on the members of your household and your house’s resale value. Flooring is the surface your family comes into contact with the most, and the surface the covers the most area in your home other than your walls. Thus, for your family’s well being and for our return on investment, it is essential to carefully consider the following factors when changing flooring as part of your home renovation.

flooring has one of the most significant impacts on the members of your household and your house’s resale value.  

This list of flooring options is sorted from most expensive to least expensive. As with all aspects of home remodeling, budget should be your first consideration. These guidelines will help you determine how to pick flooring that suits your needs and gives you the most bang for your buck.

Natural Stone Flooring

These flooring materials are typically used in high-end condos and homes, and will yield the highest increase in property value. Granite and marble are the most expensive flooring material available for homes. The price of granite can range from $6 to $35 per square foot, depending on type, design, and quality. In many cases granite is more expensive than marble, but the price of high-grade marble can be even higher than the price of granite. While granite and marble are the most popular choices for natural stone flooring, slate, limestone, and flagstone are also common flooring options in this category.

Hardwood Flooring

Hardwood is a very popular choice for flooring. Types of hardwoods include pine, oak, maple, and more. Each type has specific characteristics in the wood grain. Hardwood is available finished (stained and varnished) or unfinished, if you want to DIY the finish. The price of hardwood flooring varies from $2 to $20 per square foot, depending on the type, finish, thickness, and style of the wood. Hardwood is highly recommended to increase the value of a home and yield a high return on investment.

Porcelain Flooring

Porcelain is a very strong flooring material. Prices vary from about $3 to $12 per square foot for porcelain tiles. Porcelain comes in a variety of shapes and designs, and lasts a very long time. The durability of porcelain increases its value, and makes it often highly recommendation for home renovations.

Ceramic Flooring

Ceramic tiles is the standard for most kitchen and bathroom flooring renovations. Ceramics can be as inexpensive as $1 to $12 and are available in a variety of shapes and sizes. The quality of ceramic can generally be determined by its thickness.

Laminate Flooring

For commercial flooring, laminate is often preferred over vinyl or carpet. It is a low-cost flooring material that has the look of hardwood. Laminate flooring is effective for basement due to its heat insulation. Laminate typically ranges from $1 to $6 per square foot in price. Laminate is often considered a "neural" home remodel, meaning that it is not likely to significantly increase or decrease the value of a home.

Carpet Flooring

Carpet is commonly used as a flooring material due to the comfort it provides underfoot; however, it can easily become dirty, carry allergens, and has a short life expectancy. The installation of carpet might depreciate the value of your home. Carpet can range from very inexpensive to very expensive—from $0.50 to $20 per square foot.

Vinyl Flooring

Vinyl is the most inexpensive flooring material for home renovations. Vinyl is a simple plastic "tape" that sticks to your sub-floor. It is available in solid sheets or in tiles. It is designed to look and feel like tile, but at a lower cost. Unless budget is the utmost concern in a home renovation, vinyl is typically not recommended, as it is likely to decrease the value of a home.

Spending Less On Home Renovations Flooring,
part of our article series in the Flooring & Carpet category.
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