Here at Abbas & Company we are asked frequently from Ottawa home owners about what home improvement in their flooring would increase the value of their home most. As the Ottawa renovation experts and because we work with many investors who are entirely focused on return on investment (ROI) we have a solid understanding of what flooring materials from highest to lowest to best value. We use the knowledge from investors and apply it to home improvement projects to assist home owners. An important home improvement is upgrading your flooring. This article will focus on Ottawa home improvements based on local market prices. This article will summarize and discuss the grades of flooring starting with the most expensive;
High Cost home improvement – Natural Stones Granite/Marble:
This type of flooring is usually reserved for high-end condos and houses and will general provide the greatest increase in value. The primary reason for the increase in value is the granite flooring the most expensive type of flooring one can get for their home. The price range can vary from $6 -$35 sq foot depending on the type, design, and quality of the marble. In many cases granite is more expensive but marble can easily jump up in price if it is high grade marble. We have simplified the stones available to the two most popular, there are also slate, limestone, and flagstone flooring options that we have not discussed. The bottom line is that unless you are going ultra-high end for your project the natural stone installation would not be the optimal investment when compared to the other options available.
Medium-High Cost home improvement – Hardwood flooring
Hardwood is perhaps a very common flooring material here in Ottawa, nearly 90% of homes we renovate have this type of flooring. There are many types of hardwoods such as pine, oak, maple, etc. each having its own characteristics in the wood grain. You may purchase the hardwood finish or unfinished, meaning you stain and varnish it yourself. This home improvement can be expensive, ranging from $2-20 depending on the type of wood, finish, thickness, and style. Hardwood is always recommended for increasing the value of your home. It is a very popular home improvement and renovations item.