Increase Your Home's Value With Hardwood Floors
82 percent of homes with hardwood floors sold faster and often for more money
– National Wood Flooring Association
One of the most important considerations when planning to make changes to your home is the impact the project will have on your home’s value. Why would you do something to your home that could hurt its value, right? It happens.
Considering the time and effort that goes into a home renovation project, regardless if you do it yourself or hire a contractor, it’s important that all the work you put in has a positive impact, especially from a financial standpoint.
What ROI Can I Expect?
Hardwood floors are a good investment and will increase your home’s value, if you do things the right way. Replacing carpet, tile, or laminate flooring with hardwood provide homeowners with anywhere of 50-75% return on their investment.
How Much Does It Cost?
The cost of hardwood flooring can range from $3 per square foot to more than $10 per square foot, depending on the quality of finish and other factors. Plus, you will need to account for installation and supplies. However, the finished project is well worth the time and effort, especially if you are planning on selling in the short term.
Hardwood Flooring Is The Most Desirable Home Feature
One of the main reasons why hardwood floors are a worthy project to invest in is because it’s the most requested home feature when buyers are looking for a home. They are so appealing because of the many benefits they offer, including:
- They look great
- They are durable and stand the test of time
- They can be refinished multiple times
- They are timeless
- They are very easy to clean and maintain
- They come in many different wood finish options
- They can reinvigorate any home
- They provide a great first impression when people walk into a room
Hardwood Flooring Considerations
When thinking about installing hardwood floors, there are a number of things that you need to think about when planning the project. They include:
- DIY vs hiring a contractor
- Budgeting
- Types of wood
- Style of finish
- Rooms it will be installed
Do you have hardwood in your home? If not, would you consider installing it in a future home renovation project?