Does All Hardwood Floor Add Value

Hardwood floors can add up to 2 5 to your home s value.

Does all hardwood floor add value.

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. 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. Carpet does not improve the value of your home. 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.

No one knows if wood flooring provides more monetary value to your home upon sale. For perspective as a general rule of thumb hardwood floors often cost 30 50 more than laminate floors. Go with hardwood flooring to get the biggest bang for your buck at resale. 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.

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. Your home is an important and expensive investment and all remodeling and renovation should only increase your resale value. Nor does it factor in the improved value for your home if you add hardwood vs. 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.

Hardwood flooring is an easy way to increase home value. And when it comes to homes and the type of flooring buyers love hardwood floors have stood the test of time. Sometimes you can t beat a classic. New installations do not tend to affect resale value either way but homes with old carpet will certainly suffer in the market.