Whether you are renovating an existing house or building a new home you have probably questioned if investing in hardwood floors is worth it. We are here to break it all down from cost to design!
Hardwood Floors : A Solid Investment
Have you ever wondered if finished hardwood flooring adds value to your home or is worth the investment? Are you thinking of selling your property and want to increase its value?
Many homeowners ask themselves these and other related questions regarding hardwood flooring, and the short answer is yes! According to realtor.com, hardwood floors can increase the value of a home up to 2.5%. And it is well known among realtors that homes with hardwood flooring are easier to sell, sell more quickly, and that 54% of buyers pay more for them according to the National Association of Realtors.
Hardwood floors have stood the test of time when it comes to home décor as it has risen to become a top choice for homebuyers over the years. With new trends, finishes, and technological advances continuously appearing in the industry, it doesn’t seem to be going out of style any time soon. Nevertheless, it’s not a one size fits all solution. Having it installed or getting your floors refinished, doesn’t automatically mean you will see great results. To decide if installing or refinishing your floors is the right move for you, keep these tips in mind.
1. Consider Your Desired Look & Design
Like all flooring, there are levels of design, quality, and durability for hardwood. Most often it usually adds durability and a elegance to your home, especially when comparing to carpet or other material, but certain designs can still decrease appeal. Currently, some cross pattern and short planks can be often thought of as outdated. For some, planks going in the same direction, might make spaces seem tighter when the current home buyer values a more open floor plan. Avoid current and upcoming flooring trends when considering a flooring design due to the fact that they can quickly become a negative feature. Staying close to a classic hardwood look can ensure your flooring will last the test of time.
2. Upgrading Hardwood Floors is Not The Only Part of The Equation
Hardwood flooring alone can’t increase the value of your home if other, more important features need to be updated or repaired. For most new home buyers, kitchens and bathrooms are known to be the most important rooms that add value to a home. Upgrading old appliances, bathroom tiles, cabinets, and countertops, and applying a fresh coat of paint, along with hardwood floors, can increase the value of your home greatly.
Without these additional updates, the value hardwood floors add may be minimal.
Another thing to keep in mind is where you install your hardwood floors. If solid hardwood floors are placed in less than ideal areas such as basements or bathrooms, the problem of humidity and moisture in those areas may turn away potential buyers due to the potential risks that are associated with hardwood floors in those areas.
3. Look Like Your Neighbors
We don't mean that YOU need to look like your neighbor, but it may not be a bad idea to follow the neighborhood trends. If hardwood flooring is a common feature of the homes in your area, updating your floors may be more of a necessity than an option. Without this feature, your home’s perceived value can drop and force you to entertain less than desired offers. Keeping your home up to date with the surrounding properties allows your home to stay competitive in the local market.
Let Your Home Stand Out in Rim Country
We wish we could give you a clear ROI on placing hardwood flooring in your new or existing home. The problem is there are just too many variables to consider. That being said hardwood floors have forever been the perceived "top-tier" flooring option due to its elegance and beauty it can bring to the home when properly installed and designed.
If you are interested in placing high quality hardwood floors into your mountain home than there is no better place to call than Mountain Home Interiors. Stop by our showroom at 315 W Main St in Payson, Arizona or visit us online at www.mountaininteriors.net