Refinish Hardwood Floors Or Carpet For Resale Value

While it s a common belief that adding either solid wood flooring i e hardwood or engineered wood to a home will bring it a higher resale value when you decide to put it on the market the truth is more difficult to nail down if you ll excuse the pun.

Refinish hardwood floors or carpet for resale value. Flooring experts estimate that hardwood floors can be sanded for refinishing up to 10 times depending on the thoroughness of the sanding and the level of wear and tear on the floor. New installations do not tend to affect resale value either way but homes with old carpet will certainly suffer in the market. There isn t a one size fits all approach to home improvement other factors have to taken into consideration when it comes down to costs such as. Let s compare that to other forms of flooring.

Estimate for carpet vinyl and laminate. No one knows if wood flooring provides more monetary value to your home upon sale. A 20x16 320 square foot living room floor will cost about 1 230 to refinish while a 12x12 144 sf bedroom floor will cost about 540 to refinish. Depending on options and preparation work.

How do flooring updates affect resale value. There s no question that hardwood floors are beautiful. Most people consulted think that hardwood provides higher resale value than other floors such as carpet luxury vinyl flooring or laminate though they cannot confirm this with figures. The total average cost to refinish hardwood floors for a typical dining room equaling 280 square ft.

But beauty doesn t always translate into a higher resale value. Hardwood according to the remodeling impact report from the national association of realtors 21 of realtors would advise their clients to get hardwood flooring before selling their home. Store and dispose of oil soaked rags properly. How much does it cost to refinish hardwood floor.

Situations differ but you may not be able to refinish your hardwood floor more than 10 times. The average cost to refinish hardwood floors is 3 75 per square foot with most homeowners spending between 3 and 5 per square foot to have their wood floors sanded stained and finished. 4 to 7 50 per sq ft. About 47 500 on your floors if you refinish 9 times.

Adding hardwood floors to a house won t make or break the value though. Refinishing a floor whether it s hardwood or carpet says cave well that s why you hire a great real estate agent. Installing hardwood floors can cost between 9 and 12 per square foot compared with about 3 to 5 per square foot for carpet so some homeowners opt to install hardwood floors only in some.