Saturday, February 3, 2018
By Reatha Butler

Question:  "While selling a house, should the seller replace old floor with hardwood or laminate in order to get better price"

The following is my response:

"Hardwood or Laminate? Both speak to a different caliber and different price point of home in many communities. What level of finishes are typical/expected in your community? By the time a buyer has viewed homes in a community at the price point they want they are very well versed as to what finishes to expect at a given price point. If you are price toward the upper end for your community and the finishes are to be a certain level - Do not disappoint!. If none of the competing homes are offering new flooring and their existing flooring looks like your existing floor then your distinction would be to offer an allowance avoiding additional work for you and giving them what they want. If the top competing homes (i.e. pricing, terms and specs) are showing with laminate - follow IF your agent sees a marketing and pricing advantage for you to replace them. IF the top competing homes are showing hardwood and you have inferior damaged carpet/flooring - decide to compete and change the flooring before it gets on the market. You will likely not get 100% of your investment back - project your estimated net with the expense and without the expense - is it worth it? All the best!!! "  

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