Bang for Your Buck Experts Discuss the Best and Worst in Remodeling Investments and Home Staging

Designer Monica Pedersen gives advice on what to do when selling your home. Real estate expert Elizabeth Sincox weighs in on Monica's advice – sometimes the two agree, and sometimes they don’t.

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Hide CaptionShow CaptionNot everyone agrees that laminate floors are the best alternative. Scroll down to find out why.

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Best thing to do:
Monica: Refinish worn hardwood floors.
Elizabeth: Yes, if you have yucky carpet over hardwood floor pull it up. Hardwood is always a plus.

Worst thing to do:
Monica: Installing hardwood floors to make a sale. This is a costly and timely endeavor. Save some money and install beautiful pre-engineered wood and laminate floors. Elizabeth has some strong views on these types of floorings that only tell me she needs to get out of open houses and spend some time at home improvement stores or better yet visit the set of Designed to Sell, where she might change her mind on their look and value.
Elizabeth: Monica darling, I have had buyers actually tell me they would have bought the house if only it had real genuine hardwood floors. Laminate floors aren't fooling anyone. We all know they’re not real.