Do hardwood floors increase home value?
There are two reasons to install hardwood floors into your home: present value and future value. Present value pertains to home comfort and appeal, while future value pertains to actual resale value if/when you sell your home. Frankly, the two go hand in hand. Does present hardwood flooring increase your Flower Mound, TX home’s future value?
Hardwood flooring is widely considered the best flooring choice. Why? It is luxurious, long-lasting, and easy to maintain. What buyer wouldn’t want a floor type with those qualities? A major selling point for potential buyers is work that will not have to be done. Every buyer is going to have certain preferences and will want to make specific changes to meet their desires. However, a home that already has the fundamentals that a buyer desires will very much intrigue that person.
Practically every homeowner finds hardwood flooring appealing. How many modern homes have you visited that don’t have hardwood flooring somewhere? Not many, I’d imagine. Even if hardwood is not a buyer’s preferred floor choice, he/she will likely end up keeping it because of the natural appeal and he/she will want to avoid the hassle of paying for and installing new flooring.
Hardwood flooring will inevitably increase your home’s resale value. The exact amount is unknown, as that depends on rest of the home and the buyer’s market. Though, unless you are replacing marble floors with hardwood (highly uncommon), hardwood floors should outdo just about any type of flooring in regards to added home value.
Other traditional floor types include carpet, tile and faux hardwood. None of these will increase a home’s value. Some might have no affect on value whatsoever, but none will actually increase it. In fact, carpeting or laminate flooring could even devalue a home. New homeowners are expected to have carpet cleaned upon move in; however, some carpet is in such bad shape that it can’t be entirely cleaned.
Hardwood flooring also offers flexibility, unlike most other flooring types. Hardwood floors can be refinished multiple times before needing to be replaced. If you do a good job in maintaining hardwood by keeping it moisture free and preventing scratches, your hardwood floor could last for over one hundred years. Point being, buyers will be aware of the refinishing option. They’ll know that a scratched hardwood floor does not spell doom to the floor. Moreover, they’ll know how valuable the floor will be in terms of durability and lifetime.
Hardwood floors offer:
- An improved look
- Easy maintenance
- Long life
At the end of the day, hardwood floors are a bulletproof (not literally) floor type for a buyer to walk into. There is so much to like about hardwood flooring that potential buyers will overlook and even understand a higher asking price. You will get more for your Flower Mound, TX home thanks to hardwood floors.
For all of your flooring needs, hardwood and all others, Flooring Source of Texas is here to help! Our experts will answer any questions you may have about the different flooring types and we will execute flooring installation after completing a free estimate. Contact Flooring Source of Texas today at (972) 778-6855! Also, please visit our blog for additional helpful flooring and overall home remodeling input.