Value Of Adding Hardwood Floors

Although hardwood floors can be expensive they will typically add over 2 to the sale price and give you an roi of up to 80.

Value of adding hardwood floors.

Wood floors are one of the best investments you can make. The reliable cost vs. Hallways and stairs benefit from either option. Hardwood floors are one of the most popular projects that appeal to potential buyers right behind remodeling your kitchen and bathroom.

Pros of hardwood over carpet and other flooring. 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. Hardwood is a good because high traffic throughways would benefit from a durable low maintenance flooring. Hardwood flooring can run anywhere between 9 12 dollars including installation where carpet usually costs between 2 12.

According to professional builder the roi for hardwood floors lands somewhere between 70 and 80. Nor does it factor in the improved value for your home if you add hardwood vs. Installing about 300 square feet of prefinished hardwood flooring costs an average of about 2 700 to 3 800 nationwide including materials and labor. A usa today study that uses national association of realtors data found that 54 of potential home buyers said that they would be willing to spend more for wood flooring up to 2 080.

Of course this all depends on style grade etc. That means if you spend 20 000 on hardwood floors 2 000 square feet at 10 per square foot you can expect to see between 14 000 and 16 000 reflected in the sale price of your home. Other floorings such as tile could run between 7 14 dollars which are fairly comparable to hardwood. Value report from remodeling magazine does not break out hardwood flooring figures either.

Hardwood floors in the kitchen and bathroom. Carpet does not improve the value of your home. According to a survey conducted by the national wood flooring association real estate agents agreed that homes with hardwood floors are easier to sell and sell for more money up to 10 more than an identical home without wood floors. By comparison installing the same amount of carpeting costs a national average of about 1 300 to 1 800 prices vary by location and company of course.

They re durable versatile and most buyers love them.