The flooring of your rental property can quickly wear out or become inappropriate for the type of image you want to create for your property. This is particularly true nowadays since the market is extremely competitive.
Since the flooring in your rental property plays a huge part in attracting potential tenants, upgrading it can be a wise investment to increase your profit.
There are a couple of reasons why flooring is vital in your rental property. When choosing a place to rent, tenants usually look at the condition of the flooring before they decide whether or not they’ll proceed with the rental.
So, how can flooring upgrades improve your rental property’s value? Should you choose laminate flooring or residential epoxy flooring Craigieburn? Today, we’re going to find out.
Epoxy Flooring with Decorative Flake
Decorative epoxy floors are becoming more and more popular nowadays as a cheap alternative to more high-maintenance and expensive flooring options.
Epoxy flooring is easy to maintain, stain-resistant, durable, and produces a water-tight seal to prevent mildew and mold from damaging your rental property.
You can pick from a range of color options to complement the style of your home. This offers your property a luxurious look for a fraction of the cost.
If you do not like the maintenance and cost associated with a real wood floor, laminate flooring is your best bet. It’s a practical alternative that copies the look of wood.
Laminate floors are more affordable compared to wood. They are easy to maintain, scratch-proof, and moisture-resistant.
If one part of your laminate flooring is damaged, you can easily replace it without removing the entire floor.
Choosing the Right Flooring for Your Rental Property
So, how can you choose the right flooring for your rental property?
Unlike changing the flooring in your house, rental flooring upgrades aren’t always a straightforward task. There are a lot of things you need to consider. While you might want to install the best flooring that can attract a lot of potential tenants, there are other factors to think about.
First of all, you need to know the purpose of this upgrade. Why are you changing the flooring of your property? Keep in mind that attracting tenants is only a secondary goal. Your main goal should be improving the value of your rental property. You can only achieve this goal if your new flooring:
- Improves its resale value
- Lowers operating expenses by not being difficult to maintain; it should be durable and don’t require a lot of attention.
- Improves the appeal of your rental property. This will enable you to increase the price of your rent.
Another thing to consider is the cost of the flooring. It shouldn’t be expensive. While expensive flooring does attract a lot of tenants, it isn’t the ideal choice. Tenants might not be willing or don’t want to maintain expensive floors. Also, if you’re the one going to maintain the flooring, you’ll end up spending more money in the long run.
Because of this, it’s always ideal to install affordable flooring for your rental property.