Even if you aren’t planning to sell your home anytime soon, it benefits you to increase its resale value! For instance, increasing your home’s resale value can enable you to cancel your mortgage insurance, tap into equity to receive a lump sum payment, and more. Of course, if you are planning to sell your home, then increasing its resale value has the obvious advantage of earning you a profit. With that said, let’s get into the best ways to increase your home’s resale value with tile!
Two Tile Locations for Maximum Resale Value
A proven method of increasing the value of your home is to install beautiful new tile. And the best places to put that tile? It likely won’t come as a surprise to hear that remodels in the kitchen and bathroom have the greatest impact and highest ROI. New tile in these rooms doesn’t just offer a cosmetic improvement. It also creates lasting value that buyers are sure to love.
The kitchen is one of the home’s most valuable rooms! Porcelain and ceramic tile are great choices for kitchens, and they come in many different colors, styles, and shapes. They’re also resistant to flames, mold, mildew, bacteria, scratches, and stains. Plus, they’re highly water-resistant! These characteristics make ceramic and porcelain ideal for the kitchen, where spills and messes are frequent. These materials are perfect for both flooring and backsplashes.
A clean, updated bathroom is extremely enticing to potential buyers. Even if you’re not planning on selling your home, a clean and updated bathroom offers a daily spa-like experience! By adding new tile flooring, a backsplash, and maybe even new countertops or shower tile, your bathroom will look incredible.
The Two Best Ways to Add Tile
The best ways to add tile in your kitchen and bathroom are simple. For the greatest impact, replace your flooring and add high-quality backsplashes.
Whether you prefer stone, marble, porcelain, or ceramic tile for your flooring, it serves as a fantastic upgrade that refreshes the space and makes it look brand-new.
A bathroom or kitchen backsplash is the perfect opportunity to make a visually appealing statement while also protecting your walls from damage.
What’s the Return on Investment?
Anytime you’re doing a home improvement project, it’s essential to consider the return on investment, or ROI. ROI is calculated by dividing the profit by the cost of investment, then multiplying by 100%. Read on to learn about the average ROI for each type of tile below.
Get The Look: Black Reverse Beveled Matte Ceramic Subway Tile
Ceramic tile usually costs between $12 and $25 per square foot, and its ROI is 70% on average. However, most of ceramic tile’s cost is based on labor, so the ROI is primarily determined by who installs it. If you’re able to DIY this project and make the result look professional, then your return on investment will be much higher.
Get The Look: Bianco Venatino Polished Porcelain Tile
Porcelain tile typically costs $18 to $32 per square foot, with an average ROI of 55%. It’s important to note that porcelain is generally more durable than ceramic, but since it has a higher price tag, its ROI is lower.
Get The Look: Scabos Travertine Tumbled Field Tile
Stone tile ranges from $12 to $35 per square foot, and its ROI can be anywhere from 55% to 70%. Rather than going for the rugged look of slate, which doesn’t have universal appeal to buyers, selecting a premium stone such as granite increases the odds that homebuyers will be willing to pay more, thanks to its high quality.
Marble tile tends to be the priciest at $18 to $44 per square foot. It might shock you to hear that its ROI is often less than 50%! Although marble is stunning and sophisticated, it has a reputation for staining easily and requiring regular maintenance, which can scare away potential buyers.
Tilezz.com Can Help You Increase Your Home’s Resale Value
Whether you choose porcelain, ceramic, stone, or marble, Tilezz.com has the tile you need to increase your home’s resale value! We guarantee fast delivery, insured shipments, and easy returns with every order. Check out our massive selection here, and for more informational posts like this one, click over to our blog.