Does All Hardwood Floor Add Value

Hardwood flooring is an easy way to increase home value.

Does all hardwood floor add value.

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. Installing hardwood floors can cost between 9 and 12 per square foot compared with about 3 to 5 per square foot for carpet so some homeowners opt to install hardwood floors only in some. Sometimes you can t beat a classic. Hardwood according to the remodeling impact report from the national association of realtors 21 of realtors would advise their clients to get hardwood flooring before selling their home.

Your home is an important and expensive investment and all remodeling and renovation should only increase your resale value. And when it comes to homes and the type of flooring buyers love hardwood floors have stood the test of time. 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. 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.

Carpet does not improve the value of your home. 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. 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. Hardwood floors can add up to 2 5 to your home s value.

Many buyers love seeing hardwood flooring but to make a dent in the value the rest of the house needs to have updates too. 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. Nor does it factor in the improved value for your home if you add hardwood vs. New installations do not tend to affect resale value either way but homes with old carpet will certainly suffer in the market.