The Value Of Wood Flooring In Your Home

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

The value of wood flooring in your home. This is a very wise investment. 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. Your home is an important and expensive investment and all remodeling and renovation should only increase your resale value. Hardwood flooring is an easy way to increase home value.

Vinyl planks and tiles cost about 5 per square foot but homeowners typically can install those themselves. 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. 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.

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. Not to mention most people are seeking homes that have hardwood over any other flooring. 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. If you currently have hardwood floors consider refinishing them if they need a little pick me up.

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