Have you been wondering what kind of flooring to put into your home? Well, you are not alone. With so many choices to choose from, it can get overwhelming. So let us try to help you a little bit.
We may seem a bit biased, but Hardwood flooring is a popular choice among homeowners and for good reason. Not only does it look beautiful, but it can also add value to a home. In fact, installing hardwood floors can be one of the best investments a homeowner can make when it comes to adding value to their property.
In this blog post, we’ll explore the ROI of hardwood flooring and how it can benefit you as a homeowner.
Increase in Property Value
Although hardwood flooring is quite an investment, the biggest financial benefit of installing hardwood floors is the increase in property value.
According to a study by the National Wood Flooring Association (NWFA), over 80% of real estate agents say that homes with hardwood floors sell faster and for higher prices than homes without them. Hardwood floors are considered a premium feature, and they can add up to 2.5% to a home’s resale value.
Moreover, hardwood flooring is a timeless trend that never goes out of style. Buyers always prefer hardwood flooring as it is durable, easy to clean, and gives a sophisticated touch to the house. Hence, it is an excellent investment for long-term property value and return on your investment.
Attract Potential Buyers
Hardwood floors not only increase the value of a home but also attract potential buyers.
If you are looking to sell your home in the future, near or far, having hardwood floors can be beneficial. Flooring is the first thing people notice when they enter a room and having hardwood will reflect well on the home as a whole.
According to another survey by the NWFA, 80% of homeowners said they would choose hardwood floors for their next home purchase. The demand for hardwood flooring is increasing, which means that properties with this feature will likely receive more attention from potential buyers.
Expedites the Selling Process
This brings us to our next point, homes with hardwood floors tend to sell faster than those homes without. Homes with hardwood floors sell 10% faster than homes with other types of flooring.
When buyers are looking for a home, they are calculating how much money they will need to make the new home “move-in” ready. The need to replace the worn-out carpet or other flooring is usually at the top of the list.
This can be attributed to the fact that potential buyers are more likely to make an offer on a home with hardwood floors because they know it is a desirable feature that adds value to the property, as well as saving them time and money on the installation of new flooring.
Expert Insights
Real estate experts on Realtor.com agree that hardwood floors are an excellent investment for homeowners. Hardwood flooring is an upgrade that adds value and appeal to your home and it’s one of those things that can make a big impact on buyers and really set your property apart from the competition.
According to Lisa Wise, a real estate broker in San Diego, “Hardwood floors are always a selling point and can help a home stand out in a crowded market. They give a sense of warmth and luxury that carpet just can’t match.”
Final Thoughts
Installing hardwood floors can be a smart financial decision for you as a homeowner. Not only can they increase the value of your home, but they can also attract potential buyers and expedite the selling process. With so many benefits, it’s no wonder that hardwood flooring continues to be a popular choice among homeowners and real estate agents alike.
If you’re considering upgrading your home, installing hardwood floors is definitely worth considering.
At Authentic Hardwood Flooring, we understand the importance of finding the perfect flooring to fit your lifestyle and budget. Our team offers a free estimate so you can explore all of your options without making any commitments. Call us today for more information about our services and to get your free quote!
