Does Hardwood Flooring Increase Home Value?

By | February 17, 2023

Do Hardwood Floors Increase Home Value? Are They Worth The Money? Shingle style homes

Are you thinking about installing hardwood flooring in your home? It is an investment that could increase the value of your property, but how much? In this article, we explore the advantages of hardwood flooring and how it can add value to your home.

The Benefits of Hardwood Flooring

Hardwood flooring is a beautiful and timeless flooring option that will last for decades. It adds a touch of elegance to any home, as well as increasing its value. Hardwood floors are easy to clean and maintain, and they are highly resistant to wear and tear. Additionally, they can be refinished many times over the years, maintaining their beauty and value.

The Value of Hardwood Flooring

Installing hardwood flooring can be an expensive investment, but it can also increase the value of your home. According to the National Association of Realtors, hardwood flooring can increase a home’s value by up to 5%. This is because it is a desirable feature in homes, and buyers are willing to pay more for a home that has it.

The Cost of Installing Hardwood Flooring

The cost of installing hardwood flooring depends on the type of wood and the size of the area. Generally, hardwood flooring costs between $2.50 and $7.50 per square foot, not including installation. Installation costs can range from $1.50 to $3.50 per square foot.

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Pros and Cons of Hardwood Flooring

Before investing in hardwood flooring, it’s important to consider the pros and cons. The pros include increased home value, durability, and aesthetics. On the other hand, hardwood flooring can be expensive to install, may require refinishing over time, and is not suitable for areas with a lot of moisture.

Tips for Installing Hardwood Flooring

If you’ve decided to invest in hardwood flooring, here are a few tips to help you get the most out of your investment:

  • Choose a reputable installer – make sure to research and compare installers to find the best one for your project.
  • Use a quality flooring – opt for high-quality materials to ensure your floors will last for years to come.
  • Choose a finish that suits your lifestyle – consider the amount of traffic your floors will see and select a finish that will be able to handle it.
  • Understand the maintenance requirements – understand what will be required to keep your floors looking their best.

Conclusion

Hardwood flooring can be a great investment for your home, adding both aesthetic beauty and increasing its value. With proper installation and maintenance, you can enjoy your beautiful hardwood floors for years to come. If you’re considering upgrading your flooring, be sure to weigh the pros and cons and consider the tips outlined in this article.

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