YES! Engineered hardwood is the “real deal,” just like solid. There aren't many differences between the ROI of these two products. This product increases a home's value in a few ways: You'll recoup 70% to 80% of your investment as seen in your property values.
Why homebuyers will love it: Virtually indistinguishable from solid hardwood in appearance, engineered hardwood floors will give your home that “wow” factor that will ensnare homebuyers the moment they step through the door.
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.
Engineered wood floors are “fake” and “cheap” compared to solid wood floors. For some of the very inexpensive engineered floors, this might be true. But a quality engineered floor will look and feel exactly like a high-quality solid hardwood floor. Engineered wood won't cup or gap.
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.
Thanks to the composition of engineered flooring, which consists of multiple core pieces of plywood, HDF, or softwood, topped off with a beautiful layer of hardwood, it means that engineered flooring can last for up to 30 years in the right conditions.
In fact, one study found that 54% of home buyers said they'd be willing to pay more—up to $2,080—for hardwood floors. This suggests that hardwood floors are in high demand, meaning your home will likely sell faster than average while also selling for more when you have these floors.
A 3mm wear layer can withstand three to four refinishes and has an estimated lifespan of 40 to 50 years. The thickest available wear layer, 4mm, can take three to four refinishes and has an estimated lifespan of anywhere between 50 to 100 years as a result.
Engineered hardwood has slightly better performance in humid locations since its plywood construction makes it more stable and less susceptible to warping. If installation against a concrete subfloor is necessary, engineered hardwood is the choice.
New flooring can add a ton of perceived value, encourage higher offers, and even make a home sell faster, but it may not add dollars to your appraisal. Buyers may like the updated flooring and offer more as a result, but don't expect a higher appraised value.
Bottom Line. For a floor covering that looks exactly like solid hardwood, but is easier to maintain, engineered flooring is your best choice. If you are looking to save money on your floor covering, laminate flooring is a better choice than engineered hardwood flooring, especially when coupled with self-installation.
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.
Wood floors are one of the best investments you can make. They're durable, versatile, and most buyers love them. 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%.
Solid hardwood or tile flooring can also work since the materials are well suited to almost any room. According to real estate agents, hardwood is the best flooring option to sell a house fast and also at top dollar.
Engineered wood flooring fares better than solid wood in high moisture rooms (e.g. bathroom) BUT LVT is completely water-resistant so it is a better choice in rooms that are high in humidity and moisture. LVT is far less expensive than engineered wood for both the product and installation.
An engineered wood floor, which is being fitted over under floor heating, is normally recommended to be a maximum of 15mm thick. The reason for this is that boards of this thickness will allow the heat to pass into the room more efficiently than a thicker board.
Refinishing engineered hardwood floors is ideal if your wear layer is thick. You may be able to refinish your flooring up to three times if the wear layer measures at least three millimeters thick. A wear layer that's less than two-millimeter thick can sustain damage if you refinish it more than once.
Refinishing your engineered floor is a possibility. However it depends on the amount of sanding required to achieve a smooth surface prior to applying the finish. If your floors are worn and have deep scratches and goudges, they might need to be sanded. This process can remove up to 1/8" of material.
Engineered hardwood typically lasts between 20 and 30 years. Because they do have a top layer of hardwood, like solid hardwood, they are susceptible to scratches. If scratch resistance is important to you, look for engineered hardwood floors with a scratch-resistant top coat.
Scratches, Dents and Other Small Marks
Due to the fact that engineered flooring has a top layer of solid wood it is actually susceptible to the same drawbacks of having solid hardwood floors such as easily being scratched and dented.
The good news is, engineered hardwood floors are created with durability in mind. Plus, with a resistance to changes in humidity, they're less likely to warp or buckle in a room where water is just a part of life, making the LIFECORE Hardwood Collection a great choice for the kitchen.
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.
There is absolutely no need to change flooring from room to room. We often work with homeowners who feel the urge to pick a different flooring for every room of their home, but there is absolutely no need to do this. Your home will look best if you create one consistent look that travels from room to room.
Dark stained hardwood flooring is by far the best selection when it comes to overall popularity and resale value. Some of the best darks stains for wood are espresso, dark walnut, and antique brown. These darker colors often give way to more color combinations since they do not lean towards a yellow or orange tint.