Do Hardwood Floors Help Sell A Home?
With all that’s going on in the world today, many people are thinking of selling their homes. And, of course, they want to get the best price possible. A lot of factors go into how attractive a house is to potential buyers, but there is no denying that flooring plays a prominent role. They are literally in every room. So, it’s no surprise that many homeowners are looking into replacing their old floors with hardwood. Hardwood floors are easy to clean, durable, and eye-catching. But, do hardwood floors help sell a home? In a word, yes. Continue on to learn more about the benefits of adding hardwood flooring.
Added Value
Given its added value, great return on investment, and lovely look and feel, upgrading to hardwood floors hold a solid place at the top of any home renovation list.
Besides being attractive to potential buyers, hardwood floors may add up to 5% to the asking price of a home. This makes hardwood an attractive prospect for anyone planning on selling their house. And, even if you don’t plan to sell soon, hardwood floors may add value in other ways. A recent report by the National Association of Realtors found that after homeowners installed hardwood floors, “80% of homeowners had a greater desire to be home since completing the project, 68% had an increased sense of enjoyment when they were at home, and 79% had a major sense of accomplishment when they thought of the project.”
⇧ Return on Investment
Updating your home with new hardwood flooring may also provide a good return on your investment. According to Professional Builder, you can expect an ROI of between 70% and 80%. For example, if you spend $20,000 on hardwood floors (2000 square feet at $10 per square foot), you can expect to see between $14,000 and $16,000 reflected in the sale price of your home. However, if you don’t plan on selling soon, the return on investment could be even greater.
The Benefits of Hardwood Flooring
Needless to say, everyone has unique preferences for their flooring and that can change from room to room, as well. However, wood flooring has some clear advantages. Here are just a few examples:
- Visual Appearance – Many homeowners, investors, and prospective buyers can agree that hardwood is an attractive, dynamic, and elegant design element. Even more so when compared to carpeting or tile. Also, it’s easier to match furniture to hardwood floors due to its neutral color.
- Warmth – Hardwood just feels good under your feet. Wooden floorboards are great insulators that retain heat making it comfortable and cozy to walk on.
- Durability – Both long-lasting and resilient, hardwood flooring can last centuries with proper care and maintenance. Plus, it’s a breeze to clean.
- Allergy-Friendly – Unlike say carpet, hardwood floors don’t trap dust, pet hair, and other irritants. When you sweep or vacuum you can see just by looking at the floor that it’s clean and dust-free.
There are a lot of factors to consider when looking to upgrade aspects of your house for resale. Given its added value, great return on investment, and lovely look and feel, upgrading to hardwood floors hold a solid place at the top of your renovation list.
Start Flooring Today with Elite Hardwood
The experts at Elite Hardwood Flooring can help you find the perfect hardwood product and design for your home. We provide expert installation, dustless sanding, and finishing services for homeowners all throughout Maryland. Most importantly, we’re the certified wood flooring professionals that you can count on. So, contact us today and let us know how we can help.
