Do hardwood floors increase home value?
Affect of hardwood flooring on home value
The two main reasons why people have hardwood flooring installed in their homes: present and future home value. A home’s present value is the comfort and use you get out of the flooring you have installed, while its future value refers to the value the flooring adds to a home’s resale value. The two go hand in hand. So, do hardwood floors increase home value?
Think about it…
Hardwood flooring is an extremely popular flooring option because it’s luxurious, long-lasting, and easy to maintain. Sounds like the perfect flooring option for any homeowner! What tends to appeal to most homeowners is the fact that they flooring type is relatively low-maintenance. Every buyer has their own preferences, but almost everyone likes quality hardwood flooring.
Practically every modern home has hardwood flooring installed somewhere in the home. Even if hardwood floors aren’t the homeowners’ top choice, they’ll probably keep it because of how it suits the home.
In the end, hardwood flooring will add to your home’s resale value. There’s no set value, since it all depends on the market. However, unless you’re replacing something like marble with hardwood, you’ll definitely add to your home’s value.
Compared to other flooring types
Some other flooring options include carpet, tile and hardwood-imitating products. None of these options increase a home’s resale value as much as real hardwood flooring does. Some won’t increase it at all. In fact, carpeting or laminate flooring could even decrease a home’s value.
Hardwood flooring also offers more variety than other flooring options. Hardwood flooring can be refinished multiple times before needing replacement. If you keep your hardwood flooring well-maintained and free of moisture damage and scratching, your hardwood flooring can last for 100 years. The point is that buyers know how valuable hardwood flooring is in terms of durability and lifetime.
Hardwood floors provide:
- An improved look
- Ease of maintenance
- Refinishing ability
- Long lifetime
Ultimately, hardwood flooring are a durable floor type for all homeowners. Buyers really value hardwood flooring, so you’re guaranteed to get a great offer for your home when selling.
For all of your flooring needs, rely on Floors BLVD! Our experts will answer any questions you might have about the different types of flooring. We can provide you with an estimate and even install your flooring for you! Contact Floors BLVD today at (469) 535-9246! Also, check out our blog for more helpful flooring and home remodeling input.