How Much Does Hardwood Flooring Increase Home Value

How Much Does Hardwood Floors Increase the Value of a Home?

How Much Does Hardwood Flooring Increase Home Value

How Much Do Hardwood Floors Increase Home Value?

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# How Much Does Hardwood Flooring Increase Home Value

Adding hardwood flooring to your home can be a great investment that increases the value of your home and makes it more appealing to potential buyers. But how much does hardwood flooring increase home value? This article will explore the different factors that affect the value of hardwood flooring in a home, as well as the potential return on investment for homeowners who install hardwood floors in their homes.

## The Benefits of Hardwood Flooring

Hardwood flooring is an attractive, durable, and relatively easy to maintain option for any room in the house. It adds a timeless elegance and charm that can’t be achieved with other types of flooring. Hardwood floors also make it easy to keep a clean and tidy home due to their resistance to dirt and dust. These features make hardwood floors a popular choice for many homeowners.

Hardwood floors also tend to increase the value of a home due to their aesthetic appeal and durability. In addition, they can often add more resale value than laminate or tile flooring, as they are seen as a higher-end option.

## Factors That Affect How Much Value Hardwood Floors Add

When it comes to assessing how much value hardwood floors add, there are several factors that should be taken into consideration. The location of your home, the quality of the hardwood flooring you choose, and the condition of the flooring will all have an impact on the amount of value that is added.

The location of your home is one of the most important factors when it comes to assessing how much value is added by hardwood floors. Homes in high-end neighborhoods tend to benefit more from hardwood flooring than homes in lower-income areas, as potential buyers in these neighborhoods tend to have higher expectations and demand higher quality features.

The quality and condition of the hardwood flooring you choose will also affect how much value is added. For example, lower-quality flooring may not add as much value as higher-quality flooring since it won’t last as long or look as good. Additionally, older flooring that is in need of repairs won’t add as much value as newer, well-maintained flooring.

## Potential Return on Investment with Hardwood Flooring

When considering installing hardwood floors in your home, it’s important to consider the potential return on investment (ROI). Many homeowners find that they can recoup most or all of their initial investment when they sell their home.

A 2016 report from Remodeling Magazine found that installing new hardwood floors in an average-sized living room can yield an average ROI of 70 percent. This means that if you spent $5,000 on new hardwood floors for your living room, you could expect to get back around $3,500 when you sell your home.

It’s important to note that this ROI may vary depending on a variety of factors such as the quality and condition of your flooring, the size of your living room, and the overall market conditions at the time of sale. Additionally, homes located in more expensive areas may see higher returns than homes located in lower-priced areas.

## Conclusion

Adding hardwood flooring to your home can be a great way to increase its value and make it more attractive to potential buyers. There are many factors that will affect how much value is added by new hardwood floors, including location, quality and condition of the flooring, and market conditions at the time of sale. On average, homeowners can expect to recoup around 70 percent of their initial investment when they sell their home with new hardwood floors installed.