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.
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.
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.
The average ROI for installing hardwood floors is about 70% to 80% according to Realtor.com, with hardwood floors boosting resale value by as much as 2.5% for a strong return on investment home renovation.
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.
A choice of timeless hardwood floor colors
Brown Maple floors have hues of rich gold, amber and brown. Cherry floors feature a burnished auburn color that will darken over time. Hickory offers hues from lighter blonde sapwood to cocoa brown and beige heartwood. Red Oak comes in deep, salmon tones.
White oak floors have been used in homes for many years, proving they won't be going anywhere any time soon. This white oak engineered hardwood floor is a timeless option that showcases the raw beauty and graining of white oak with its light color.
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.
New flooring can increase the value of a home by nearly 10 to 54 percent. Potential homebuyers say that they will put in a higher offer if a home has new flooring. Potential buyers also said they would reconsider putting in an offer if the flooring is outdated, dirty, or worn.
Most homeowners find about a seventy percent ROI on new floors when they go to sell their house. So the short answer is yes. New floors can add a lot of value to your home if done right.
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.
A bedroom is a space where people spend many hours each day, and for those who suffer from allergies, asthma, and other breathing disorders, hardwood flooring is a better option than carpet.
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.
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.
It's no surprise— hardwood flooring has long been the top choice for buyers and agents alike, and remains so in today's market.
In high-traffic areas it can show wear and tear, and laminate can't be sanded or refinished for an updated appearance. Because of its lower price point, laminate also won't do much for your home's resale value.
Replacing your old flooring before selling will improve the look of your home, but also increase its resale value. Before you install new flooring, you should make sure that your old flooring is thoroughly removed to make a clean slate.
So replacing carpet with hardwood flooring can definitely make a difference in your selling price. 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.
The national average cost to install hardwood flooring is $6 to $12 per square foot for both labor and material fees. For higher-end wood and larger spaces, like if you're redoing your entire first floor in hardwood, you may pay more—possibly between $13 and $25 per square foot.
Replace a Carpet with Hardwood Flooring
Labor rates total $4.25 to $9.25 per square foot to remove the old carpet and replace it with hardwood flooring. Adding on to your cost to install hardwood flooring is another $3 to $14 per square foot for the wood too.
With dark hardwood floors, you'll enjoy: Long-lasting color: Its color makes dark hardwood prone to absorbing sunlight, while light hardwood reflects it. Over time, you'll find that your dark flooring results in less sun damage, retaining its dark sheen for longer.
The answer is – no! The oak trim and oak flooring finish (the golden color known in the industry as “honey”) will never come back in style. Today, there are many beautiful versions of stained oak on the market that allow it to appear more contemporary and aesthetically pleasing.
Dark brown hardwood floors in particular never seem to go out of fashion, they are always trendy and still in style. There's something about the contrast between dark wood floors and bright, light walls, white kitchen cabinets, furnishing etc. that epitomize a sophisticated and upmarket style.
Hardwood Flooring
It's beautiful, it's durable, and it never goes out of style. Not to mention all of your friends, family, and neighbors aspire to have it, so you'll have your entire network envying your home's flooring design.