Real Estate INVESTMENT, Property Managers &
Building Owners
Determining the most functional floor application appropriate for your property, requires many considerations. Below are a few steps to help guide your selection to ensure the best product chosen for your project.
challenges
Assess property use and traffic
The first step in selected the correct product type for your project is understanding what the space is intended for. Identifying the use of the space will help you determine the level of foot-traffic expected. This is an important factor when it comes to selecting the best product. Some material is made to withstand heavier foot traffic, whereas other may wear more easily. Factors, including what kind of business or activities occur in the space, how many people will be coming and going, and any other specific requirements or restrictions that may need to be considered relating to the property’s function.
Consider Maintenance Requirement
Some products, such as VCT and hardwood, may require regular polishing, sealing, sanding and re-staining. Whereas other products, such as vinyl plank and carpet only require regular cleaning. Rental spaces, such as apartments, require low-maintenance flooring options. Floors that are easy to maintain and repair, will help to cut down on overall maintenance fees.
Account for Safety and Accessibility
Depending on the functionality of the space, accessibility and safety considerations must be made when selecting appropriate flooring. This is especially important in commercial or public spaces. You should look for slip-resistant, non-skid options that comply with all safety regulations and standards. Accommodations for accessibility should also be considered. For example, broadloom carpet is not a great option for wheelchair or motorized scooter users. Areas with this access will need a hard surface option that is easier to maneuver over. These kinds of considerations are essential in the flooring selection process.
Seek Professional Advise and Recommendations
Consult with flooring experts, interior designers or architects for professional advice and recommendations based directly on your specific property and requirements. Relying on their expertise and additional insights will help ensure the best choices are being made for your project.
Single-Family
Residence
When considering investing in a single-family residents, there are several factors to consider to focus on ROI. Conducting proper research on the following items, will help you select the best products to help maximize the property’s value.
Cost vs. Value
Take into consideration the costs associated with purchasing and installing new flooring vs the potential increase it can add to the property.
Market Trends and Preferences
Trends are ever-changing in the flooring industry. Trending colors, styles, finishes, and designs must be taken into considerations when selecting the correct product for an investment property. Choosing an option with broad appeal and that is in demand, it the safest option. It helps to ensure your selection will bring in a wide-variety of potentials customers.
Installation Quality
Just as important as the product selection itself, is choosing the correct contractor to complete the installation. Products come with specific installation instructions that must be followed in order to maintain the warranty. Property installation also contributes to the overall longevity of your flooring.
Comparable Properties
Take time to compare potential flooring options with those selected by similar properties. This will help determine if new flooring is worth the investment.
Get in
touch
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