Wait and see what functional surprises await you. Move in and make decisions based on how you use the home and what items need attention that are about function, not form. An older home can have lots of issues that will need attention before you turn to aesthetics.

Start a file for foyers and once you decide to create a master plan for your home, you'll be ready with concepts you want to employ

Should you decide to take the vintage home and make it a bit modern here is an option.

If you want to stay more vintage, then here is an option.

I think a slate tile could look good with a red rug on top. And I love the original wood paneling!

Or, if you go with wood floors, I'd suggest painting the paneling white.

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I'll get hell, but I'd paint all the wood paneling, and possibly the stairs. obviously remove the red carpet. I like beverly's option. I would keep your large, original wood and refinish that beauty.

as for the floors, you could match the wood from the other part of the home, use that in the entry w/a type of inlay tile.

love the black slate herringbone

Katie, I plan on doing slate in the indoor porch when you first walk in. I don't want to continue it inside the house. I love that image to Shared thank you!