Dawn Wilson, Keller Williams: “Most buyers prefer hardwood. For selling purposes, it is better to have hardwood. If there is not hardwood in the home already, and it is cost prohibitive to put hardwood in, then in most cases, new carpet should be put in prior to resale. Buyers like tile flooring in the bathrooms.
So, how much do hardwood floors increase home value by? There's no consensus on an exact percentage, but many experts have said it's between 3% and 5%. So replacing carpet with hardwood flooring can definitely make a difference in your selling price.
When it comes down to finding the best flooring to increase home value, it all boils down to your market. Hardwood will likely give you the highest return, but laminate and luxury vinyl plank flooring also offer plenty of perks to buyers.
"Having brand new, fresh carpet increases the value of the home because it is the main focal point of the room (along with the paint) that buyers see when they tour a property," explains Samuel.
Carpet In The City
Chiaramonte says that some buyers still prefer soft flooring for bedrooms. However, they usually avoid carpeting the entire room. “It's far easier to redo or change the feeling in a room by purchasing a new rug!
As CNN reported, hardwood floors can also increase home value by 3-5%. This makes them a very attractive prospect for anyone looking to sell their house in the near future. However, even if you don't plan on moving any time soon, hardwood floors may still be a good investment.
Dawn Wilson, Keller Williams: “Most buyers prefer hardwood. For selling purposes, it is better to have hardwood. If there is not hardwood in the home already, and it is cost prohibitive to put hardwood in, then in most cases, new carpet should be put in prior to resale. Buyers like tile flooring in the bathrooms.
Hardwood floors are one of the best flooring options for homeowners looking to increase the resale value of their home, with hardwood typically yielding around a 75% return on investment.
For an example, let's go with traditional but high-quality hardwood—let's say $10 per square foot. At that price, installing hardwood floors in a 2,000 square-foot-house costs a pretty penny of $20,000.
Installing hardwood flooring averages between $6 and $12 per square foot. On average, wood flooring costs between $3 and $7 per square foot for materials and $3 to $5 per square foot for labor. An estimate for installation of 1000 square feet of hardwood flooring runs between $6,000 and $12,000.
Hardwood is known for being much cleaner than carpet as it doesn't collect all of the dust and dirt beneath the surface. Despite best efforts, carpeting is never perfectly clean. Well maintained hardwood flooring can last decades!
Carpet is usually the best choice for bedrooms and master bedrooms because it is soft and cozy. It is warm and can reduce sound, versus hardwood, which helps sound resonate and makes bedrooms feel cold.
Carpeting is a poor choice in any room that frequently sees water, food remnants, or dirt. These elements will quickly damage carpet. These rooms include but are not limited to, kitchens, bathrooms, entryways, mudrooms, and laundry rooms. Kitchens are a poor choice to install carpeting because of food, dirt, and water.
Today, carpet is often seen as outdated, dingy, and even unsanitary, trapping pests, dust, and moisture deep below the surface.
Though hardwood is incredibly popular, carpeting is making a comeback, in part due to the innovative new options on the market. Carpet is a great choice for bedrooms, dens, or basements where hardwood can feel too cold and sterile, or any room where there is a risk of water damage.
Wood floors provide heat that lasts
Wood and other solid materials significantly reduce your home's temperature fluctuation because they absorb and store heat while light carpet fibers simply become a barrier. This phenomenon holds true for other solid materials like concrete, laminate, ceramic, and tile.
Carpet vs Hardwood Cost
Installing hardwood floors can cost between $12 and $20 per square foot installed, while carpet often cost about $6 to $12 per square foot installed. However, choosing engineered hardwood flooring can be dramatically less expensive than solid hardwood floors.
How can carpet impact health? Carpets may trap pollutants like dust mites, pet dander, cockroach allergens, particle pollution, lead, mold spores, pesticides, dirt and dust. Toxic gases in the air can stick to small particles that settle into carpets.
When you have a hardwood floor, it's better to install a carpet because it protects the floor and gives an aesthetic style to the room. Some people opt to have area rugs, but carpets are better. Besides, it is crucial to be aware of the maintenance because you won't install a carpet on the floor if it's damaged.
Carpet fibers often become matted and frayed within just 3-5 years. A carpet can only be expected to last 5-15 years from installation, so if your carpet it starting to look a little beat-up then it's probably time to replace it. Areas that see the most wear and tear are usually the hallways, stairs, and living areas.
When calculating how much it costs to refloor a house with vinyl or linoleum, homeowners can expect to pay between $3 and $10 per square foot. Better quality products like luxury vinyl will be at the top of this price range.
Typical costs: Installing a standard solid-strip hardwood floor averages about $8 a square foot for materials, insulation and site finishing, and up to $12 a square foot for wide pine planks, or $1,150-$1,750 for a 12x12-foot room.