One of the ways to increase HDB resale value is by upgrading its flooring. Source: Unsplash
HDB flats are a cornerstone of Singapore’s housing landscape, providing affordable and comfortable living spaces for many residents. The HDB resale market allows homeowners to sell their flats after fulfilling their Minimum Occupation Period (MOP). However, navigating the resale market can be challenging, and maximising your HDB resale value is important as it translates to a larger profit margin, especially when considering the initial purchase price.
Increase HDB resale value with flooring
A well-maintained and modern-looking flat with recent upgrades is more attractive and commands a premium.
One of the most important parts of HDB renovation is flooring. Flooring plays a significant role in the overall impression and functionality of your HDB flat and thus can significantly impact your resale value. While traditional, conventional tiles are a common choice in HDB flats, they might not be the most appealing to potential buyers.
Engineered timber flooring offers several advantages over traditional tiles when aiming to increase your HDB resale value:
Enhanced aesthetics: Engineered timber flooring offers a warm, natural aesthetic that elevates the overall look and feel of the space, making it more modern and appealing to a wider range of buyers.
Improved comfort: Timber offers a comfortable walking surface compared to the coldness of tiles, especially in air-conditioned spaces.
Durability: Engineered timber flooring is known for its durability and can withstand everyday wear and tear with proper care.
Investing in high-quality engineered timber flooring during your HDB renovation can contribute to a higher resale value by:
Signalling a well-maintained and upgraded flat: Buyers appreciate the effort put into renovations and are willing to pay more for a move-in-ready space.
Catering to modern preferences: Engineered timber flooring aligns with current design trends, making your flat more appealing to potential buyers.
Increasing perceived value: The warm and sophisticated look of engineered timber flooring can create a perception of increased value, translating to a higher resale price.
A well-maintained and modern-looking HDB flat with strategic upgrades, like high-quality engineered flooring, can significantly improve your resale value.
Interested in upgrading your HDB flooring? Get in touch with Floorrich to get a better HDB resale value by upgrading to engineered flooring.