I've asked similar questions on here in the past and gotten some good advice. We are looking to purhcase a slightly larger home in the next year or two. We were going to buy a house first and then try to sell ours, but I have been talked out of that idea by several wise women on this board!
SO - now the plan is to gradually fix up our house and then put it on the market next spring. Our realtor has been though the house, and we have a laundry lists of things to do - almost all of them are minor, like painting rooms, landscaping, etc. We will ask a certain price, and if the house sells, we will be happy. If it doesn't sell, we will simply continue to live here until we have saved up more money.
Try to make a long story short: Our kitchen/dining area has old sheet vinyl covered with newer peel & stick tiles. This flooring extends from the kitchen across the side of our living room to the front door. The rest of the house has hardwoods (and I'm pretty sure there are hardwoods under the old sheet vinyl). We had the sheet vinyl at the front door tested, and it contains asbestos. Not sure about the original layer in the other areas - our realtor advised us not to do anymore testing!
Anyway, we do not want to rip this up. We will disclose the fact that we found asbestos in the bottom layer of flooring in the entryway area and then go over the floor with something else - our realtor advises the cheapest flooring possible, since the new owners may want to tear out the floor entirely.
Our two main choices are a laminate or another type of vinyl. The cheapest and easiest would be vinyl (around $1500 professionally installed). Or we could buy a high-quality laminate with a stone look that would run around $3000. The laminate is Greenguard certified so would not negatively impact our indoor air quality if we ended up living here for several more years.
We could also leave the floor as-is. But it is starting to peel up and looks terrible. I don't know how buyers would react to that, either.
We want flooring that we will enjoy if we stay here for two more years, but we don't want to waste money on something that won't appeal to buyers.
If you were planning to buy our home, which would you prefer? And what would you do if you had to live in our home for a year or two before selling it?
Thanks for the advice! This is by far the most expensive repair/improvement we will have to make to sell the house (hopefully)!