The Value Of Wood Flooring In Your Home

Many buyers love seeing hardwood flooring but to make a dent in the value the rest of the house needs to have updates too.

The value of wood flooring in your home.

Hardwood is a classic timeless flooring option that only increases the value of your home so if you can go this route go for it. As long as there is a consistent flow of hard surfaces not too much mixing and no nasty carpeting there s still a great chance at getting the most value out of your sale. Your home is an important and expensive investment and all remodeling and renovation should only increase your resale value. While hardwood floors add the most value to a home that s not to say all buyers will lose interest if they aren t in your home.

For example if you spend 20 000 dollars on buying and installing hardwood for your home expect to be able to mark the price of your home up 14 000 16 000 dollars. Most people consulted think that hardwood provides higher resale value than other floors such as carpet luxury vinyl flooring or laminate though they cannot confirm this with figures. According to real estate experts the average roi for installing hardwood floors is about 70 to 80 and wood floors can boost the sales price of your home as much as 2 5. Although it won t boost your home s value as well as true wood flooring because it s not as durable sheets of vinyl flooring only cost from 0 75 to 4 per square foot plus installation and can last from 10 20 years.

If you currently have hardwood floors consider refinishing them if they need a little pick me up. Refinishing hardwood isn t as expensive as most think so the refresh is an easy way to increase your home s value. This is a very wise investment. Vinyl planks and tiles cost about 5 per square foot but homeowners typically can install those themselves.

It s hard to make hardwood not look good plus even when worn in it holds a certain appeal but it s not necessarily cost effective. You can expect to see between a 70 80 roi on your hardwood floors but the best roi comes as you enjoy the low cost upkeep of the floors. Not to mention most people are seeking homes that have hardwood over any other flooring.