Is it worth refinishing hardwood floors for resale?

Author: Prof. Baron Brakus  |  Last update: Thursday, June 23, 2022

Refinishing hardwood floors adds resale value and contributes to homes selling quicker and often for more money. That is because hardwood floors are the preferred flooring choice among prospective home buyers now more than ever before and homeowners who make the smart choice of offering wood floors reap the benefits.

Will refinishing hardwood floors increase home value?

Flooring – Replacing outdated carpet or flooring, or simply refinishing wood floors that have seen better days, will definitely increase the value of your home, with a 102% return on investment.

Do hardwood floors increase appraisal value?

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.

What color hardwood floor is best for resale?

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.

Are hardwood floors good for resale?

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%.

Can You Sand and Refinish Hardwood Floors Yourself? (honest opinion)

What floors increase home value?

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.

What kind of floors increase home value?

“According to real estate experts, the average ROI (rate on investment) for installing hardwood floors is about 70 percent to 80 percent, and wood floors can boost the sales price of your home as much as 2.5 percent” notes realtor.com.

What color hardwood floor is timeless?

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.

What is the most timeless hardwood floor?

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.

Are dark wood floors outdated?

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.

Does redoing floors increase home value?

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.

Do homes with hardwood floors sell faster?

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.

What is better for resale carpet or 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.

How much value does original hardwood floors add?

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.

What home improvements do not add value?

  • 6 House Improvements To Avoid. ...
  • A Swimming Pool Or Hot Tub. ...
  • Elaborate Professional Landscaping. ...
  • Garage Conversion. ...
  • Unique Wallpaper. ...
  • Sunrooms. ...
  • Bedroom Conversion. ...
  • 4 Renovation Projects To Increase Home Value.

Is light or dark wood floors better?

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.

Are dark or light floors more timeless?

The contrast of the simple, pale planks with darker furniture is a timeless way to not only make a room seem more spacious, but more welcoming as well. A light floor also counters any psychological effect of the dark furniture making the room seem small or crowded.

Are maple floors out of style?

American maple hardwood flooring is a classic, and is a solid investment as it has great longevity – not just in actual terms because of its durability – but because it is a popular choice that is unlikely to go out of fashion.

Should you tip floor refinishers?

You do not have to tip floor installers or refinishers. If you're feeling generous, they are usually allowed to accept tips, but it is not mandatory or expected. If the installers do an exceptionally good job and you would like to tip them, then $10 to $30 per day is a suitable range.

What flooring never goes out of 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.

Can you refinish hardwood floors grey?

Please note that refinishing hardwood floors gray is challenging and should be handled by an expert, especially one with experience in gray and white washed floors. First, the sanding must be immaculate. Stain should be consistent and applied in strips to avoid any cross-grain color-variant lines.

Should flooring be the same throughout the house?

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.

Is it better to have carpet or hardwood floors in bedrooms?

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.

What flooring is popular now?

Vinyl in demand

Choices for resilient vinyl flooring include a spectrum of styles, colors, textures and patterns. Add in vinyl's easy-to-clean characteristics, comfort under foot and family-friendly stain-resistance, and the result is increasing popularity with value-hungry shoppers.

Does flooring affect appraisal?

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.

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