The Value Of Wood Flooring In Your Home

Hardwood flooring is an easy way to increase home value.

The value of wood flooring in your home. 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. 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. Refinishing hardwood isn t as expensive as most think so the refresh is an easy way to increase your home s value. 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.

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. No one knows if wood flooring provides more monetary value to your home upon sale. Vinyl planks and tiles cost about 5 per square foot but homeowners typically can install those themselves. This is a very wise investment.

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. Your home is an important and expensive investment and all remodeling and renovation should only increase your resale value. If you currently have hardwood floors consider refinishing them if they need a little pick me up. 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.

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. Hardwood floors can add up to 2 5 to your home s value. 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.