When it comes time to renovate, homeowners want to start with the projects that will add the most value to their homes. Projects that add value make it easier to sell your home at a higher price. Which items on your to-do list will help you get the most money back? The answer depends on a number of factors, but one surefire way to improve your home’s market price is by installing wood flooring. Hardwood floors and engineered hardwood floors provide a timeless, durable beauty that prospective buyers are always looking for. Discover how hardwood floors add value to your home with this rundown.
Hardwood Floors and ROI
Prospective buyers are often on the lookout for natural wood floors. On top of their gorgeous appearance, hardwood floors are durable and long-lasting. New homeowners don’t have to worry about immediately replacing them whenever they move in. That’s why installing hardwood flooring is always a valuable investment. The exact return on investment will vary, depending on where you live, what kind of wood floors you have, and countless other factors. However, you can generally expect an ROI of at least 70 to 80 percent. So if you spend $10,000 installing hardwood floors, you will see around $7,000 to $8,000 reflected in your home’s sale price.
Factors To Consider for Your Hardwood Floors
To understand how hardwood floors add value to your home, you’ll need to know which types of wood floors are more valuable. Species that cost more money to install will have a higher ROI. Harder woods like hickory may also add more value due to their incredible strength and durability. You must also consider the state of your wood floors. A floor covered in scratches, dents, and other wear and tear will be far less attractive than a gleaming, refinished floor that looks as good as new.
Is wood flooring the right investment option for your home? If so, look no further than the gorgeous, sustainable collections at From the Forest. Browse a beautiful range of options, such as our engineered oak flooring. With a variety of species, grains, finishes, and more, you’re sure to find a valuable investment for your home.