Selling A Home And Need New Flooring?
If you’re selling a home, low on budget and need a quick fix, there are some ways you can do it without making it look cheap.
Many will default to cheap laminate flooring in order to get the job done. And in many cases, while it probably looks better than what you replaced, many prospective buyers will still look at the floor and think, “Well the first thing we’re going to do is have to replace the flooring.”
This is when the floor you’ve chosen actually becomes a disadvantage in your home, but what are you going to do? You don’t have a lot of money to spend, but it would be disappointing to spend all that money only to have to give a flooring allowance.
You could also just give a flooring allowance, but that’s not going to help sell your home, either. You don’t want people making a list in their heads of all the things they’ll have to do when they move. Moving is enough of a pain without the prospect of having to also move everything back out to replace flooring. It’s more than the money, it’s the headache.
So what do you do? You have a limited budget and the competition is fierce right now. With the amount of foreclosures and available homes on the market, you have to make your home stand out amongst the crowd. The right flooring choice can help, and if you’re diligent you might just find the perfect floor that will help you sell your home.
What you’re looking for are discounted floors that, for a variety of reasons, have been reduced in price. For example, manufacturers are always producing different lines of flooring, different looks, different colors, different finishes, etc. Just like the clothing industry, some floors aren’t as popular, are over-priced to begin with or not marketed correctly. These floors won’t sit in warehouses for too long before they are moved into liquidation. Sometimes these floors will be sold for pennies on the dollar.
Depending on the amount of flooring you need, you can also pick up what’s known as an “odd lot flooring” inventory. This is when there’s only enough to do one or two rooms left in inventory and the flooring might be discontinued. In the flooring industry, lines are constantly discontinued. It’s not an indication of the quality of the floor or even its popularity.
If you need to do a few rooms and they aren’t adjoining, it’s not uncommon nowadays to have different floors in different rooms. Each room can make its own statement and a floor makes a huge impact on that statement, especially in an empty or staged home for sale.
Lastly, you can also choose second quality floors, or “seconds”. Some actually sell these floors as first-quality, and these floors might have a minor manufacturing defect. You typically don’t notice, but there might be slight blemishes in the finish, its color is slightly off or some other minor issue. And in some cases, like with second-quality hardwood floors, these minor imperfections might even add a little character to the floor.
Many of these floors are click floors and can be installed by someone with no experience installing floors. Then you can save even more. It’s not crazy to be able to install a 12’ X 15’ room for just a few hundred dollars. When you’re talking in the tens to hundreds of thousands of dollars for a home, a few hundred invested is well-spent.
Many times, this is a similar strategy that house flippers will use, as nothing’s more important than staying on budget while making big impressions on prospective home buyers.
If your home has been on the market for a while and you’re looking for tips to sell your home more quickly, this installing a new floor can make a huge difference and maybe even tip someone in your direction.