Refinished Hardwood Floors Increase In Home Value

The only possible answer to this question is a resounding yes.

Refinished hardwood floors increase in home value. However even if you don t plan on moving any time soon hardwood floors may still be a good investment. The least expensive and most cost effective way to boost the value of your house is to paint it. Many buyers love seeing hardwood flooring but to make a dent in the value the rest of the house needs to have updates too. Hardwood floors do increase home s value.

This makes them a very attractive prospect for anyone looking to sell their house in the near future. The median home value in atlanta is 217 600 adding hardwood floors would add 5 440. Moreover real estate sales associates took a survey among home buyers and 54 of the respondents said they pay more for a home with wood floors. A fresh coat of a neutral colored paint will brighten your entire house and make everything look cleaner neater and bigger.

Hardwood improves the value of your home much more than laminate in fact it s not clear if laminate will improve the value of your home and this may depend on the neighborhood it may have a modest impact in lower end areas and may have no impact or potentially negative impact in high end areas. The floor in your home is one of the first things any potential buyer will notice so you may be wondering whether it is worth replacing your current flooring with hardwood flooring in order to increase the value of your home. 3 ways hardwood floors increase home value. Now any buyer who walks into a home will no doubt gush over the gorgeous hardwood floors if your home can offer it.

For perspective as a general rule of thumb hardwood floors often cost 30 50 more than laminate floors. In knoxville hardwood floors would add 3 400 to the average home price of 136 000 and in durham nc sellers could add 4 900 to the average home price of 196 000. If you laid carpet over beat up hardwood when you purchased your house and the carpet has seen better days ripping it out and refinishing the hardwood underneath is less expensive than putting down new carpet. 54 of home buyers are willing to pay more for hardwood floors when buying a house about 2 080 extra according to data from the national association of realtors.

When looking to improve your home by installing new floors whether it be to sell now or in the future you re probably asking yourself do hardwood floors increase home value. Refinishing a floor whether it s hardwood or carpet says cave well that s why you hire a great real estate agent. You ll recoup 70 to 80 of your investment as seen in your property values. This product increases a home s value in a few ways.

You can expect to see between a 70 80 roi on your hardwood floors but the best roi comes as you enjoy the low cost upkeep of the floors. An agent is going to tell you if your home is past its expiration date while hardwood floors add the most value to a home that s not to say all buyers will lose interest if they aren t in your home.