Does Hardwood Floors Increase Home 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.

Does hardwood floors increase home value. In fact a study of home buyer preferences by usa today using data from the national association of realtors found that 54 of home buyers were willing to pay more for a home with hardwood. Because hardwood flooring is the preferred flooring choice and it improves the value of your home. Hardwood floors can add up to 2 5 to your home s value.

If not engineered hardwood is another great option due in part to its added durability. In knoxville hardwood floors would add 3 400 to the average home price of 136 000 and in durham nc sellers could add 4 900 to the average home price of 196 000. The floor in your home is one of the first things any potential buyer will notice so you may be wondering whether it is worth replacing your current flooring with hardwood flooring in order to increase the value of your home.

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

And if you don t believe me ask any realtor and they ll tell you the same thing. 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. Hardwood floors can translate to real money for sellers.

Many buyers love seeing hardwood flooring but to make a dent in the value the rest of the house needs to have updates too. Hardwood flooring is an easy way to increase home value. Your home is an important and expensive investment and all remodeling and renovation should only increase your resale value.

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 floors do increase home s value.