Depending on how much you pay for buying and installing nice flooring as opposed to carpeting in kitchen, baths, hallways and living areas, you can make out handsomely.
A shabby old carpet in a bath is about the worst way to show your home.
Not all upgrades can net you money, though. You should discuss it with a Realtor who can see the property to decide whether it will pay for itself or net you money, or if won't pay off.
The exact value is somewhat difficult to gauge, but can easily be several thousand dollars more than a comparably outfitted carpeted home. If nothing else, it will make your home the first choice of buyers when they compare carpeted to tiled/wood floor properties.
Well, that depends. I think the "value" it brings is more for "appeal" than price.
It's like curb appeal for example. If a home looks good on the outside with new paint, some nice landscape and so on, it makes it more "appealing" for sure. Did it cost money to improve those things, of course, but did it actually make the home more "valuable"?
So, does it increase the "value" of the home to do cosmetic improvements inside the home?
My answer is, likely very little $ wise.
With this current climate, most people are looking for a "Deal" and worrying less about tile and flooring upgrades.
Ultimately, the buyer will decide whether it has value or not.
Best of Luck to you,
Inspire Realty Group