What is the ideal flooring you recommend for an investment property?
When renovating or building an investment property, choosing the right type of flooring is very important. You want something that is cost effective so it will provide a good return on your investment but still be of a high quality so the floor is durable, raises the property’s value and appeals to potential renters or buyers.
Investment properties normally see a lot of turnover and take a lot of abuse. Your main goal should be choosing flooring that is durable. Porcelain Tiles will hands down always be the best option for an investment property and here are a few reasons why:
Durability – Installing porcelain floor tiles will reduce maintenance.
Porcelain tiles have a 0.5% water absorption rate which makes them basically maintenance free. They are also frost, heat, odour, dirt and stain resistant while being difficult to crack or damage. With the original tiles still laid in many mid-century cathedrals, you can be reassured that a tiled flooring option will keep any flooring costs in the long term at a minimal.
Versatility – Aesthetics and ‘fit’ to an investment property are essential to appealing to your target market.
Porcelain tiles come in all shapes and sizes, finishes and textures. Choose polished tiles for a classy hotel feel, tiles that feel and look like timber for a warm cottage or ocean side villa or even stone or marble look tiles for a more rustic and authentic design.
Eco friendly – Tiles are made from raw materials such as clay, sand and glass.
These materials are combined with other recycled materials to form a porcelain tile. Porcelain tiles also act as insulation, helping to reduce energy bills by keeping properties cooler in summer and warmer during winter. Due to their dense ceramic clay bodies a ceramic or porcelain tile will adopt the temperature of the room which assists in keeping heating and cooling costs down.
Hygienic – Compared to many other flooring options, tiles do not trap or hide dirt or dust mites.
This makes tiles one of the most hygienic flooring options and allows investors with any allergies or concerns about hygiene factors of a home to consider your investment property a potential rental or purchase.
Practical – Do you need a non-slip surface for the pool surround?
Perhaps a decorative feature in the entrance? Maybe you want that marble or timber look but do not want the hassle of polishing, staining, sealing or cracking. When chosen correctly, porcelain tiles can be practically applied to any area to fit their design purpose, whether it is a cost effective floor, non-slip surface or feature floor design. Porcelain tiles are one of the most popular and widely used flooring choices used in residential and commercial buildings throughout Australia and around the world. The porcelain tile is also a popular choice for walls, back-splashes and more due to their range of colours, sizes and shapes.
Nerang Tiles believes porcelain tiles are the most ideal flooring for an investment property that will provide a higher rate of return long term than other flooring options.
What factors should an investor consider when choosing flooring?
Nerang Tiles has come up with our top 5 factors to consider when choosing flooring for an investment property.
Moisture – Will the flooring be installed in a bathroom, kitchen, laundry or basement? I
f your flooring will be exposed or submerged in water then you will need to consider a water resistant flooring option. If not, then any type of flooring will be suitable.
Durability – Will the investment property be pet friendly, have a high turnover or be subject to high foot traffic?
Research the durability of your flooring options as some that appear hardwearing are really not, particularly under the constant grind of large dog nails, children’s toys or high heels.
Cost – What is your budget?
Make sure you consider the upfront and ongoing costs associated with your flooring options. While some flooring options may be cheaper to purchase and lay initially, they may have high ongoing maintenance or repair expenses such as sealing, polishing or sanding.
DIY installation – Are you capable of installing the floor yourself?
It is always important to consider what you can do yourself as this will almost halve the cost of flooring. Research what skills and tools you need to install different flooring options and weigh those costs against the installation service and cons and pros of different flooring options long term.
Design – Will the flooring design appeal to everyone and stand the test of time?
When choosing your flooring it is important to ensure the design and type of flooring that will appeal to all potential investors to increase your target market. It is important to make sure the design is neutral and uses colours that are dateless. Flooring that combines or is uniform in grey, silver, white, black or chocolate tones tend to stay in fashion and appeal to the majority of home investors and renters.
In summary, when selecting the type of flooring for your investment property you should consider what will give you the best return on your investment. Porcelain tiles seem to be the most popular choice because of their strength and durability combined with their range of design, colour options and maintenance free characteristics.
Nerang Tiles is a multi award winning tile showroom with thousands of floor tiles and wall tiles on display at every price point. Visit Nerang Tiles to see the latest in tile trends and design with timber tiles, marble tiles, mosaic tiles, bathroom tiles, outdoor tiles, kitchen tiles, commercial tiles, pool tiles and much, much more on offer.