Wood floors are a beautiful addition to any home and can add to its value. But how much does it raise the value of your property? We don’t know! That is because there isn’t a direct correlation between wood floors and property values. Some might say they increase the worth by $5,000, while others claim it’s more like $10,000 or $100,000. It just depends on location and what you’re comparing them to.
Increase Buyer Appeal – Low Maintenance
A high-quality solid wood flooring is usually 3/4 of an inch thick. Throughout its life, this kind of floor may be sanded and refinished up to 10 times. It would not be unrealistic to anticipate a solid wood floor to last for about ten years before repair is necessary, in terms of frequency and harsh footfall that such floor may expect to face throughout regular home activities. For the most part, this implies that a solid wood floor that is relatively new will last a lifetime.
The low cost and extended life of a solid wood floor will appeal to more than just potential homeowners. Landlords are mindful that rental property flooring is just as prone to spills and ordinary wear and tear as private property flooring, which means that any carpeted sections will require total replacement at least every 5-10 years. Spills are readily cleaned, as well as any damage can usually be repaired by refinishing or removing individual boards, making a solid wood floor an appealing proposition.
As compared to the expense of employing carpet installers, these quick DIY repairs are also less expensive.
Solid Wood Floors – Majority Appeal
Potential customers are looking for additions that suit their preferences. Whatever bonus attributes in a home that are completely installed and operational at the time of sale constitute a significant time saver – migrating to a new property places essential aspects on the renovation attempts necessary to meet the buyer’s needs, or any shortcuts, such as buying a home with attractive hardwood flooring, are generally shown as deal booster rockets.
You may ensure that your decision of wood floor contributes to your home’s residual value by carefully selecting specific wood floor features to appeal to the broadest potential audience. This might entail choosing neutral colors that fit in with the rest of the room’s decor and lighting fixtures. The buyer is not required to keep the floor in this state; the extra adaptability of a lighter wood floor merely means that any possible buyer desiring a deeper tone may apply a finish to accomplish this result and so will not be discouraged from acquiring the property.
A dark wood floor, like cherry, cannot be made to seem lighter in tone and will darken even more with age. Taking attention to these things may help your property stand out from the crowd.
Wood Floors Resale Value
In the United States, hardwood floors are found in about 65% of all homes. They’re appealing to home buyers because they add value and beauty for a long time. Wood flooring often provides more than simple functionality; it reflects an individual or family’s taste and style. A wood floor can make your house feel like home while increasing its resale value.
The Bottom Line
Wood floors are considered luxury flooring. They offer beauty, warmth, and character that other floor types can’t match. And even though they’re beautiful to look at, most people don’t realize the benefits of owning wood floors beyond aesthetics.